Algorithmic rent collusion: property manager agrees to $7 million settlement in California antitrust probe. California property management firm LivCor LLC has agreed to a $7 million settlement with a coalition of nine state attorneys general, resolving allegations of an "algorithmic rent alignment scheme." The settlement, announced on June 22, 2026, stems from an ongoing antitrust lawsuit spearheaded by California Attorney General Rob Bonta against software company RealPage. The core of the allegations centres on LivCor's alleged use of RealPage's revenue management system to illegally coordinate rental prices with competing landlords. This practice, according to the lawsuit, involved the illicit sharing and gathering of confidential pricing information, which ultimately interfered with market competition and facilitated artificially inflated rental rates. LivCor managed 57 multifamily rental properties in California that utilized RealPage's pricing software. This significant financial penalty, which is subject to court approval, requires LivCor to pay $7 million in penalties and fees to the participating states. Beyond the monetary settlement, LivCor has committed to refraining from using any software offered by companies that leverage competitively sensitive information to align rent prices. Furthermore, the company has agreed to cooperate with the ongoing prosecution of RealPage and other landlord defendants implicated in the scheme. This resolution marks the second settlement reached in this litigation. In November 2025, Attorney General Bonta and his counterparts from other states announced a similar settlement with Greystar, another defendant in the antitrust action. The implications of these settlements underscore the heightened scrutiny on algorithmic pricing practices within the real estate sector and serve as a critical alert for legal counsel, compliance officers, and corporate executives navigating the complexities of competitive market dynamics and regulatory oversight. ... Algorithmic rent collusion: property manager agrees to $7 million settlement in California antitrust probe... Naijaonpoint.

Mr. Harrison joins NEWSTAR from LivCOR, a Blackstone portfolio company specializing in multifamily housing, where he most recently served as Senior Director of Development.