(Reuters) -Cushman & Wakefield was among six large landlords sued by the U.S. Department of Justice over alleged anticompetitive practices in housing rental markets, the DOJ said on Tuesday.
The companies were added to the DOJ’s lawsuit in North Carolina accusing property management software company RealPage of letting landlords collude by sharing their pricing information with the company’s software, which then recommends rent prices.
RealPage has denied the allegations.
Greystar Real Estate Partners, Blackstone’s LivCor, Camden Property Trust, Pinnacle Property Management Services and Willow Bridge Property Co. were also named in the lawsuit. Cortland Management has agreed to settle the claims, the DOJ said.
(Reporting by Jody Godoy; Editing by Chris Reese and Mark Porter)
US sues Cushman & Wakefield, other landlords over alleged rental price coordination Canadian News Today.
Hence then, the article about us sues cushman wakefield other landlords over alleged rental price coordination was published today ( ) and is available on canadian news today ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( US sues Cushman & Wakefield, other landlords over alleged rental price coordination )
Also on site :