PORTLAND, Ore. ( KOIN ) — The federal lawsuit that Oregon joined against a software firm accused of rental price-fixing has been updated to include property owners.
The U.S. Department of Justice filed the amended complaint against RealPage on Tuesday. The civil antitrust lawsuit now lists some of “the nation’s largest landlords” — Camden Property Trust, Cortland Management, Cusman & Wakefield, Greystar Real Estate Partners, LivCor, Pinnacle Property Management Services and Willow Bridge Property Company — as co-defendants.
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Filed in August, the original complaint alleged property owners send “nonpublic, competitively sensitive information” to RealPage so the firm can use the data to fix housing prices.
“For instance, landlords discussed via user groups how to modify the software’s pricing methodology, as well as their own pricing strategies,” DOJ said in a release . “In one example, LivCor and Willow Bridge executives participated in a user group discussion of plans for renewal increases, concessions and acceptance rates of RealPage rent recommendations.”