North Carolina Attorney General Jeff Jackson is suing six landlords, accusing them of illegally collaborating with the software company RealPage to inflate rent
An amended complaint names six landlords as defendants in ongoing litigation that North Carolina and several other states, along with the federal government, began in August.
The 161-page complaint alleges that the landlords used nonpublic information and RealPage’s products to charge higher rents than what market forces would have determined.
The landlords named in the updated lawsuit are: Greystar Real Estate Partners LLC; Blackstone ’s LivCor LLC; Camden Property Trust; Cushman & Wakefield Inc. and Pinnacle Property Management Services LLC; Willow Bridge Property Co. LLC; and Cortland Management LLC.
Tuesday, newly sworn-in Attorney General Jeff Jackson joined a lawsuit alongside the US Department of Justice (DOJ) and nine other states in suing landlords for what they say is
If you rent an apartment in the Triangle, there’s a solid chance that Jeff Jackson and the federal government are accusing your landlord of inflating rental prices.
The six landlords named in the lawsuit have allegedly used RealPage’s algorithm to set rent prices in roughly one-third of one-bedroom and two-bedroom apartments in Charlotte, Raleigh, Durham and Chapel Hill, Jackson’s office said in a news release.
In his first major action as North Carolina Attorney General, Jeff Jackson has sued six large property management companies, accusing them of conspiring to keep rent prices above market rates.
The DOJ amended its lawsuit Tuesday against tech company RealPage to include six corporate landlords, while settling claims with Atlanta-based Cortland Management.
The lawsuit says the algorithm used by corporate landlords helps influence rents for about one-third of all apartments in the Triangle and Charlotte.
Attorney General Jeff Jackson and a bipartisan group of other attorneys general accused Texas-based RealPage of illegally working with some of the country’s largest landlords to “manipulate ...