Oregon proposes settlement to stop major landlord from hiking rent prices

State coalition alleged Greystar used confidential data from competitors to increase rent prices

The country’s largest landlord would stop using algorithmic software to artificially inflate rent prices under a $7 million settlement offer Oregon and eight other states proposed.

Greystar Management Services manages nearly 950,000 rental units across the U.S, including almost 19,000 units in Portland in 2023, according to the Portland Business Journal. A spokesperson for Greystar could not immediately provide the Capital Chronicle with the total number of units they manage in Oregon…

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