One of the country’s largest property management companies must pay Oregon and eight other states $7 million after using software that artificially inflated rent prices.
LivCor, a real estate company specializing in multi-family housing, is the latest defendant in a multistate lawsuit from January 2025 ordered to stop using software from the Texas-based company RealPage to keep rental prices higher.
Typically, landlords must compete to attract renters by offering lower prices, discounts and amenities. However, those using RealPage shared sensitive rental data to train the company’s pricing algorithm. This software then uses that data to recommend rental rates, effectively allowing landlords to keep prices artificially high, according to the lawsuit.
LivCor managed nearly 1,650 Oregon properties using this rent-fixing software, according to the Oregon Department of Justice.
The settlement resolves those claims, ordering LivCor to stop using RealPage or any other revenue management software that uses rival pricing data to generate rent recommendations. LivCor must also refrain from sharing sensitive pricing information with rival landlords, and it must establish an antitrust compliance and training program.
This is the second settlement the states in this litigation reached. In November, Oregon Attorney General Dan Rayfield announced a $7 million settlement with the company Greystar, another defendant.
Under the settlement, LivCor must cooperate with the state’s ongoing litigation against RealPage and the remaining property management company defendants including Camden, Pinnacle, and Willow Bridge.
“These companies used software to manipulate the rental market and keep prices climbing — and Oregon families paid the price,” Rayfield said in a statement. “Landlords don’t get to outsource collusion to an algorithm and call it business as usual.”
Rayfield under this settlement joins the attorneys general of North Carolina, California, Colorado, Connecticut, Illinois, Massachusetts, Minnesota and Tennessee.
Originally published on oregoncapitalchronicle.com, part of the BLOX Digital Content Exchange.
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