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flag RealPage and Greystar settle DOJ antitrust case over software that enabled rent coordination, with data limits and penalties to promote fair rental markets.

flag The U.S. Department of Justice has settled with RealPage, a major rent-setting software provider, over allegations it enabled landlords to coordinate rent increases by sharing private pricing data. flag Under the agreement, RealPage must limit data use to information at least 12 months old, remove features that encourage price matching, and undergo a three-year monitorship. flag The settlement, if approved, aims to restore competition in rental markets. flag Greystar, the nation’s largest apartment manager, also settled, agreeing to stop using RealPage’s software and pay $7 million in penalties across nine states. flag While RealPage and Greystar deny wrongdoing, the DOJ says the actions will help prevent artificially inflated rents and promote fair competition.

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