AG Jackson sued six landlords for illegally working together with the software company RealPage to raise North Carolinians’ rents. The six landlords are 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. In North Carolina, these landlords own or manage more than 70,000 units throughout the state, especially in more populated cities. “North Carolinians are struggling to afford their rent as it is – we won’t stand for landlords and real estate companies making the problem worse to line their own pockets. I’m suing these landlords to make sure they play by the rules so North Carolinians can get fair prices for rent.”- AG Jackson

AG Jackson is suing these landlords as part of his ongoing bipartisan case against the software company RealPage. He is suing RealPage for allegedly exploiting landlords’ competitively sensitive information to create a pricing algorithm in violation of antitrust laws and enriching themselves at the expense of renters, who end up paying inflated prices. Attorney General Jackson’s case alleges that these landlords communicated with RealPage and each other to share non-public information about rent prices, occupancy, strategies for setting rents, and discounts. The sharing of this non-public competitively sensitive information allegedly allowed landlords using RealPage’s products to set higher prices for rent than competitive market forces would have set.

https://ncdoj.gov/attorney-general-jeff-jackson-sues-six-landlords-for-illegally-raising-north-carolinians-rents/