RALEIGH, N.C. (CN) — A federal judge approved a settlement between the federal government and the largest U.S. landlord Monday.
The federal government and eight states sued RealPage in August 2024, claiming it supplies major landlords with a software that deprives renters of fair competition and allows landlords to fix prices in the rental market. It later revised the suit and tacked on six property management companies, including real estate giant Greystar Management Services.
RealPage’s revenue management software shares information between landlords to generate price recommendations for units, the Justice Department said, and encourages landlords to decrease renter benefits and focus on increasing profits…