by Mia Maldonado, Oregon Capital Chronicle
November 21, 2025
The country’s largest landlord would stop using algorithmic software to artificially inflate rent prices under a $7 million settlement offer Oregon and eight other states proposed.
Greystar Management Services manages nearly 950,000 rental units across the U.S, including almost 19,000 units in Portland in 2023, according to the Portland Business Journal. A spokesperson for Greystar could not immediately provide the Capital Chronicle with the total number of units they manage in Oregon.
Greystar and other large landlords used rent-setting algorithms from RealPage, a Texas-based software company that gave them pricing recommendations based on sensitive data from their rivals. The landlords used those recommendations to coordinate rent increases, the states alleged in their complaint.
“When the largest landlord in America uses an algorithm to price-fix the rent, the result is simple: people pay more,” Oregon Attorney General Dan Rayfield said in a statement. “It squeezes working families when the cost of housing is already at an all-time high. This settlement holds the largest U.S. landlord accountable. It’s a win for Oregonians, our pocketbooks and the rule of law.”
If the U.S. District Court for the Middle District of North Carolina approves the settlement, it means Greystar won’t have to go to trial or admit any wrongdoing. Rather, it is agreeing to the states’ conditions to avoid further litigation and court costs.
Other conditions in the settlement, announced Tuesday, would require that Greystar stop using algorithmic rent-setting software, refrain from sharing or receiving sensitive data from other landlords and refrain from participating in meetings hosted by RealPage of other landlords.
Greystar must pay the $7 million to the state of California, which will then distribute the funds to the remaining plaintiff states of Oregon, Colorado, Connecticut, Illinois, Minnesota, North Carolina, Tennessee and Massachusetts.
The company already reached a nonmonetary settlement with the U.S. Department of Justice in August in a lawsuit that began under the Biden administration.
The states’ settlement was proposed one day before the Portland City Council voted to ban algorithmic price fixing.
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