Antitrust lawsuit could affect over 100 Utah renters [Video]

SALT LAKE CITY — An antitrust lawsuit has been expanded to include six of the nation’s largest landlords who manage well over 100 multifamily rental buildings in Utah.

Alleged collusion and price fixing among landlords

The original lawsuit filed by the U.S. Department of Justice and eight other states claims that RealPage Inc. violated antitrust laws by colluding with landlords to decrease competition for apartment pricing.

RealPage is a property management software that uses rental data to suggest prices to landlords.

The federal government recently expanded the lawsuit to include six of the nation’s largest landlord companies: 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 (Cortland).

The extended lawsuit alleges the named companies, “participated in an unlawful scheme to decrease competition among landlords in apartment pricing, harming millions of American renters.”

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