$7M settlement stops NC landlord from using algorithms, competitor data to set rent. LivCor settled without admitting wrongdoing in a case accusing landlords of violating antitrust laws through algorithmic rent-setting. RALEIGH - Attorney General Jeff Jackson, alongside a bipartisan group of eight other attorneys general, reached a $7 million settlement with LivCor LLC, stopping the company from using nonpublic data from other landlords to set rents. "One by one, we're shutting down the illegal scheme that allowed landlords to use illegal AI software to drive up rents for North Carolinians," Jackson said in a statement. "This case is about leveling the playing field so that consumers pay affordable rents." LivCor, a major landlord with approximately 3,500 apartments in North Carolina, agreed to the settlement without admitting wrongdoing. The funds will be distributed among the states involved to cover legal expenses and state enforcement efforts. In addition to the monetary payment, the settlement places operational restrictions on how LivCor manages its properties. LivCor has agreed to stop sharing competitively sensitive data with other landlords and property managers to set rent prices, using third-party software to set rents and attending meetings of competing landlords hosted by RealPage. LivCor also must report to the attorney general's office and allow the office to inspect and ensure compliance with the order's terms. The attorney general can enforce the agreement in court or extend its terms if needed. The settlement follows allegations of illegal conduct involving RealPage and several landlords. Seven landlords are involved in the case, and together they own or manage more than 70,000 rental units across the state. The alleged rent hikes made it harder for North Carolinians to afford housing and hurt landlords who price their units lawfully. LivCor used software such as RealPage to set rents. RealPage is a real estate technology company that provides property management software and data analytics. Its software helps streamline leasing, accounting, resident screening and utility management for landlords and property managers. The lawsuit against RealPage alleges the company uses confidential rent and lease data to artificially set rents in violation of antitrust laws, according to the suit. The landlords involved allegedly shared information among themselves and RealPage about rents, occupancy, pricing strategies and discounts. RealPage has faced several lawsuits. In August 2024, the U.S. Justice Department filed an antitrust suit against the company, accusing it of using its algorithm to set rental prices for apartments nationwide. The department alleged RealPage contributed to rent prices remaining high after they spiked in 2021 and 2022. Although RealPage is not the only company offering landlords a tool to set prices, the lawsuit said it controls 80% of the market. A settlement reached in late 2025 bars RealPage from using nonpublic data to recommend pricing and restricts the company from training its algorithm on nonpublic information. In November 2025, Greystar reached a $7 million settlement with nine states. Greystar, the largest landlord in North Carolina, was sued for using rent-setting algorithms that drove up housing costs. That settlement stemmed from the lawsuits targeting RealPage. Separately, Greystar agreed in October 2025 to pay $50 million - the largest share of a proposed $141 million class-action settlement involving 25 other property management companies - to resolve tenant claims that the landlords used RealPage's software to align prices and drive up rents. The companies denied wrongdoing, and the deal required court approval. As part of the settlement, Greystar agreed to stop using software that relies on other landlords' confidential data to set rents. LivCor is the third landlord Jackson has settled with, after Greystar and Cortland, the largest and second-largest landlords in the state. He sued six property management companies in January 2025, accusing them of illegally working together and using RealPage's software to increase rent. He reached the LivCor settlement with attorneys general in California, Colorado, Connecticut, Illinois, Massachusetts, Minnesota, Oregon and Tennessee.

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.