Categories
Antiwork

Indy Renters: America’s 10 Largest Landlords, In Collusion With Over 20,000 Smaller Landlords, Formed An Illegal Price Cartel

Here's the link the much more informative original post, but some of these companies have properties in Indy so I figure this could be helpful to some since there's a class action lawsuit you can join. “You can read the filing here, and it includes gems like the following: “…beginning in approximately 2016, and potentially earlier, Lessors replaced their independent pricing and supply decisions with collusion. Lessors agreed to use a common third party that collected real-time pricing and supply levels, and then used that data to make unit-specific pricing and supply recommendations. Lessors also agreed to follow these recommendations, on the expectation that competing Lessors would do the same.” … “As of December 31, 2019, RealPage had over 29,800 clients, including each of the ten largest multifamily property management companies in the U.S.”


Here's the link the much more informative original post, but some of these companies have properties in Indy so I figure this could be helpful to some since there's a class action lawsuit you can join.

“You can read the filing here, and it includes gems like the following:

“…beginning in approximately 2016, and potentially earlier, Lessors replaced their independent pricing and supply decisions with collusion. Lessors agreed to use a common third party that collected real-time pricing and supply levels, and then used that data to make unit-specific pricing and supply recommendations. Lessors also agreed to follow these recommendations, on the expectation that competing Lessors would do the same.”

“As of December 31, 2019, RealPage had over 29,800 clients, including each of the ten largest multifamily property management companies in the U.S.”

Leave a Reply

Your email address will not be published. Required fields are marked *