The Justice Department has revealed that landlords did more than utilize RealPage's software; they coordinated communication on pricing strategies and occupancy with competitors.
Landlords, including those from LivCor and Willow Bridge, discussed methods to manipulate RealPage's pricing algorithms and shared insights on prices through user groups.
The DOJ highlights that RealPage encourages using 'auto-accept settings' for pricing recommendations, with property rental firms discussing their strategies and parameters openly.
Greystar expressed disappointment over being added to the DOJ's lawsuit, asserting their commitment to integrity and preparedness to defend against the allegations.
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