Justice Department Reaches Proposed Settlement with Greystar, the Largest U.S. Landlord, to End Its Participation in Algorithmic Pricing Scheme

On November 17, 2023, the US Department of Justice (Antitrust Division) issued an update regarding "Justice Department Reaches Proposed Settlement with Greystar, the Largest U.S. Landlord, to End Its Participation in Algorithmic Pricing Scheme". The proposed settlement aims to resolve claims against Greystar Management Services LLC for allegedly engaging in anticompetitive practices in rental markets across the country, including sharing competitively sensitive data and pricing information with competitors.