Giant landlord settles with California for colluding on rents in L.A. and elsewhere

Greystar, which manages 333 apartment complexes in Southern California, will cease using RealPage’s algorithmic pricing software as part of a settlement with California.

The company and others will pay $7 million across nine states and help prosecute RealPage and landlords accused of conspiring to artificially inflate rents.

The settlement represents a major victory for renters and signals mounting legal trouble for RealPage as antitrust lawsuits spread nationwide.

Greystar, which manages dozens of apartment complexes in Southern California, has settled a lawsuit that alleges the property giant and other landlords colluded to keep rents artificially high.

The national apartment landlord and manager was a defendant in an ongoing suit filed last year by the U.S. Department of Justice tha