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CT AG Coalition's $7M Settlement with Greystar for Algorithmic Pricing

Greystar Management Services LLCNovember 19, 2025Connecticut Attorney General

Penalty Amount

$7,000,000

Summary

Connecticut Attorney General William Tong joined a bipartisan coalition of nine states in a $7 million settlement with Greystar Management Services LLC, the largest U.S. landlord, for anticompetitive algorithmic pricing practices. Greystar shared competitively sensitive data with competitors via RealPage's algorithms and discussed pricing strategies, leading to inflated rents. The consent decree prohibits such conduct, requires monitoring if using uncertified algorithms, and bars participation in RealPage competitor meetings.

Remedy

Greystar must pay $7 million to the states, refrain from using anticompetitive algorithms that incorporate competitor data or features, stop sharing competitively sensitive information, accept a court-appointed monitor if using a non-certified third-party pricing algorithm, avoid RealPage-hosted competitor meetings, and cooperate with the ongoing case against RealPage.

Monetary PenaltyInjunctionConsent DecreeAudit RequirementCompliance ProgramReporting Requirements

Violation Types

Entity Details

Entity

Greystar Management Services LLC

Also known as: Greystar

Industry

Real Estate

Multistate Coalition

Official Sources

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