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Greystar Reaches Proposed Settlement with DOJ Over Alleged Anticompetitive Rental Practices

By  |  August 10, 2025

The U.S. Justice Department announced Friday that it has filed a proposed settlement aimed at resolving claims against apartment management company Greystar over alleged algorithm-driven collusion and anticompetitive behavior in rental pricing, according to Reuters.

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    Under the proposal, Greystar would be prohibited from using any anticompetitive algorithm that bases rent recommendations on competitors’ data, per Reuters. The settlement would also bar the company from sharing competitively sensitive information with rivals. In cases where Greystar opts to use a third-party pricing tool not certified in the agreement, the firm would be required to accept oversight from a court-appointed monitor, the Justice Department said.

    The deal also calls for Greystar to assist the government in its ongoing case against RealPage, which was sued by the Justice Department in 2024 over its revenue management software. RealPage has not yet commented on the developments involving Greystar or the broader lawsuit.

    Read more: DC Secures First Settlement in Rental Price-Fixing Suit Against RealPage and Landlords

    In addition to the government action, Greystar has reached a settlement in principle in a separate case filed by private attorneys on behalf of renters, according to Reuters. This agreement includes what plaintiffs’ lawyers described as “significant” financial compensation for tenants nationwide. The proposal is expected to be presented to a judge for approval as early as October.

    “This agreement represents meaningful relief for renters affected by the alleged practices,” the plaintiffs’ attorneys said in a statement. “We are pleased that Greystar has stepped forward to resolve these claims, and we commend the DOJ for its parallel efforts to protect competitive markets.”

    Greystar has denied any wrongdoing, maintaining that its use of RealPage’s software was lawful. “The settlements provide clarity for Greystar and the industry at large,” the company said, adding that the resolutions would allow it to focus on serving clients and operating its business.

    Source: Reuters