Greystar: Difference between revisions
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|Website=https://www.greystar.com/ | |Website=https://www.greystar.com/ | ||
|Description=Greystar Real Estate Partners is a global real estate organization based in Charleston, South Carolina that provides property management, investment, | |Description=Greystar Real Estate Partners is a global real estate organization based in Charleston, South Carolina that provides property management, investment, | ||
}} | |Logo=Greystar Real Estate Partners logo.png}} | ||
==Incidents== | ==Incidents== | ||
=== Algorithmic Pricing === | ===Algorithmic Pricing=== | ||
====U.S. v. Greystar Management Services, LLC (''January 2025''—)==== | ====U.S. v. Greystar Management Services, LLC (''January 2025''—)==== | ||
In January of 2025, the U.S. District Court for the Middle District of North Carolina filed a complaint against Greystar for violation of [https://uscode.house.gov/view.xhtml?req=granuleid:USC-2000-title15-section1&num=0&edition=2000 Section 1 of the Sherman Act], 15 U.S.C. § 1<ref>{{Cite web |date=2025-08-08 |title=UNITED STATES DISTRICT COURT FOR THE MIDDLE DISTRICT OF NORTH CAROLINA - PROPOSED FINAL JUDGEMENT |url=https://www.justice.gov/opa/media/1410741/dl |url-status=live |access-date=2026-05-10 |website=U.S. Department of Justice |pages=2}}</ref>. In this filing the Plaintiffs allege that Greystar, along with five co-defendants, "shared competitively sensitive data to generate pricing recommendations using RealPage’s algorithms, which also included anticompetitive rules that aligned competitors’ pricing"<ref>{{Cite web |date=2025-08-08 |title=Justice Department Reaches Proposed Settlement with Greystar, the Largest U.S. Landlord, to End Its Participation in Algorithmic Pricing Scheme |url=https://www.justice.gov/opa/pr/justice-department-reaches-proposed-settlement-greystar-largest-us-landlord-end-its |url-status=live |access-date=2026-05-10 |website=U.S. Department of Justice - Office of Public Afffairs}}</ref>.<!-- I'll come back to add this to the incident list https://www.justice.gov/crt/case/united-states-v-greystar-management-services-llc --><!-- and this https://apnews.com/article/rent-hidden-fees-landlord-greystar-ftc-sues-355c0239fcf48f7f6297e6eb08398abf --><!-- is this different than the apnews article? https://www.ftc.gov/news-events/news/press-releases/2025/12/greystar-agrees-pay-24-million-stop-deceptive-advertising-practices-result-ftc-colorado-lawsuit --><!-- sort out all the different sources. potentially different states are filing complaints for the same violation hence different settlement numbers and different states listed --><!-- oregon? https://www.doj.state.or.us/media-home/news-media-releases/ag-rayfield-announces-settlement-w-largest-u-s-landlord-over-price-fixing-scheme/ --> | In January of 2025, the U.S. District Court for the Middle District of North Carolina filed a complaint against Greystar for violation of [https://uscode.house.gov/view.xhtml?req=granuleid:USC-2000-title15-section1&num=0&edition=2000 Section 1 of the Sherman Act], 15 U.S.C. § 1<ref>{{Cite web |date=2025-08-08 |title=UNITED STATES DISTRICT COURT FOR THE MIDDLE DISTRICT OF NORTH CAROLINA - PROPOSED FINAL JUDGEMENT |url=https://www.justice.gov/opa/media/1410741/dl |url-status=live |access-date=2026-05-10 |website=U.S. Department of Justice |pages=2}}</ref>. In this filing the Plaintiffs allege that Greystar, along with five co-defendants, "shared competitively sensitive data to generate pricing recommendations using RealPage’s algorithms, which also included anticompetitive rules that aligned competitors’ pricing"<ref>{{Cite web |date=2025-08-08 |title=Justice Department Reaches Proposed Settlement with Greystar, the Largest U.S. Landlord, to End Its Participation in Algorithmic Pricing Scheme |url=https://www.justice.gov/opa/pr/justice-department-reaches-proposed-settlement-greystar-largest-us-landlord-end-its |url-status=live |access-date=2026-05-10 |website=U.S. Department of Justice - Office of Public Afffairs}}</ref>.<!-- I'll come back to add this to the incident list https://www.justice.gov/crt/case/united-states-v-greystar-management-services-llc --><!-- and this https://apnews.com/article/rent-hidden-fees-landlord-greystar-ftc-sues-355c0239fcf48f7f6297e6eb08398abf --><!-- is this different than the apnews article? https://www.ftc.gov/news-events/news/press-releases/2025/12/greystar-agrees-pay-24-million-stop-deceptive-advertising-practices-result-ftc-colorado-lawsuit --><!-- sort out all the different sources. potentially different states are filing complaints for the same violation hence different settlement numbers and different states listed --><!-- oregon? https://www.doj.state.or.us/media-home/news-media-releases/ag-rayfield-announces-settlement-w-largest-u-s-landlord-over-price-fixing-scheme/ --> | ||
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