Algorithmic Rent Settlement
State attorneys general secure $7 million settlement with LivCor over alleged algorithmic rent-fixing
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Key Points
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North Carolina Attorney General Jeff Jackson said LivCor controls about 3,500 apartments in the state, and noted that settlements already reached include Greystar and Cortland (described as the largest and second-largest landlords in North Carolina).
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Minnesota AG Keith Ellison characterized the conduct as “antcompetitive practices like those of RealPage and LivCor” being a “poison that harms our economy and the pocketbooks of Minnesotans,” and the state’s share is $582,746.80.
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Oregon AG Dan Rayfield said the case is about whether companies can “outsource collusion to an algorithm,” adding: “Landlords don't get to outsource collusion to an algorithm and call it business as usual.” Oregon also stated LivCor had “already stopped using RealPage's software,” according to the settlement announcement.
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Connecticut AG William Tong said “Mega landlords like LivCor abused RealPage’s anticompetitive algorithms to rig the market and jack up rent for tenants everywhere,” and the Connecticut release further stated LivCor manages about 200,000 rental units nationwide, “none of which are located in Connecticut.”
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In the Connecticut announcement, the coalition also provided context on affected portfolios: it said Greystar manages nearly 950,000 rental units nationwide, including 849 in Connecticut.
Nine state attorneys general announced a $7 million settlement with LivCor, LLC on June 18, 2026, accusing the property manager of using RealPage software and rivals' secret pricing data to artificially inflate rents. LivCor, a Blackstone portfolio company that manages roughly 200,000 rental units nationwide, did not admit wrongdoing but agreed to stop the practice and pay up, pending court approval, according to CT.gov.
The deal follows a November 2025 settlement with Greystar — also worth $7 million — in the same case. Litigation against RealPage and the remaining landlords is still ongoing.
How an Algorithm Became a Price-Fixing Machine
At the center of the case is RealPage's rental pricing software, which landlords fed with nonpublic data — actual rents paid, occupancy rates, and lease terms from competing properties. Prosecutors say the software used that pooled data to recommend higher rents, even when demand was soft. North Carolina AG Jeff Jackson called it moving a "price-fixing backroom" into a "software algorithm," according to WLOS.
Oregon AG Dan Rayfield put it plainly: "Landlords don't get to outsource collusion to an algorithm and call it business as usual." LivCor had already stopped using RealPage's software before the settlement was announced, according to Oregon DOJ.
What LivCor Must Do Under the Settlement
Under the deal, LivCor must stop using competitors' confidential data to set rents, refrain from sharing competitively sensitive information, and put antitrust compliance rules in place. Minnesota's agreement goes further — if LivCor uses any third-party pricing algorithm in the future, a court-appointed monitor will oversee its conduct, according to FOX 9.
LivCor also agreed to cooperate with the states' ongoing case against RealPage and the remaining landlords. Legal analysts say that cooperation clause is particularly damaging for the defendants still fighting in court — it gives prosecutors an inside account of how landlords used the software.
State by State: Who Gets What and Who Was Hurt
The $7 million is divided among the nine participating states. Minnesota receives $582,746.80, Connecticut gets $486,759.26, Colorado takes the largest share at $841,500, and Massachusetts receives $649,842, according to CT.gov. Minnesota AG Keith Ellison called the conduct "a poison that harms our economy and the pocketbooks of Minnesotans."
In North Carolina alone, LivCor controls about 3,500 apartments, according to ABC 11. In Oregon, it manages 1,649 units, and in Colorado, 3,352 units across 10 properties. Connecticut AG William Tong noted that LivCor manages zero units in Connecticut — but joined the case anyway, saying "mega landlords like LivCor abused RealPage's anticompetitive algorithms to rig the market and jack up rent for tenants everywhere."
A Domino Effect as the RealPage Case Rolls On
The DOJ first sued RealPage in August 2024. By January 2025, six major landlords — including Greystar, LivCor, Camden, Cushman & Wakefield, Willow Bridge, and Cortland — were added as defendants. Cortland settled first in April 2025. Greystar settled in November 2025 for $7 million. Now LivCor is out, according to Yahoo News.
That leaves Camden, Cushman & Wakefield's Pinnacle, and Willow Bridge still in the fight. In North Carolina, the settling landlords already represent the state's largest and second-largest apartment owners. Jackson said the deals are designed to shut down an "illegal method" that touched thousands of apartments statewide, and vowed enforcement will continue against those who haven't settled.
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