The U.S. Justice Department filed a proposed settlement to resolve claims against Greystar for algorithmic collusion in rental markets. If approved, Greystar must refrain from using anticompetitive algorithms and sharing sensitive information with competitors. The settlement also requires cooperation in the ongoing lawsuit against RealPage over revenue management software.

Greystar has reached a settlement in a related lawsuit brought by renters, offering significant monetary damages nationwide. The agreement, pending judge approval in October, is seen as meaningful relief for affected renters. Greystar denies wrongdoing and states its compliance with laws regarding RealPage software. The settlements aim to provide industry clarity and allow Greystar to focus on business operations.

Read more at Yahoo Finance: US proposes settlement with Greystar to end alleged rental price collusion