The U.S. Department of Justice said it is expanding an antitrust lawsuit against property management software company RealPage, this time adding six landlord companies with national real estate holdings, including one in Atlanta.
According to the announcement, the USDOJ has added Greystar Real Estate Partners LLC, Blackstone’s LivCor LLC, Camden Property Trust, Cushman & Wakefield Inc and Pinnacle Property Management Services LLC, Willow Bridge Property Company LLC and Cortland Management LLC as defendants in the lawsuit.
The lawsuit goes on to say the defendants participated in an “unlawful scheme to decrease competition among landlords in apartment pricing” and harmed millions of American renters by doing so.
Between the six companies named in the announcement, USDOJ said the landlords operate more than 1.3 million units in 43 states and Washington.
There are now also 10 states signed onto the lawsuit as co-plaintiffs, with Illinois and Massachusetts signing on to the amended complaint.