Oregon secures $7 million settlement in rent-fixing lawsuit

Oregon secures $7 million settlement in rent-fixing lawsuit SALEM, Ore. (KATU) — The State of Oregon has reached a $7 million settlement with a major property management company accused of participating in a rent-fixing scheme using rental pricing software, according to Attorney General Dan Rayfield. The settlement resolves allegations that the company used RealPage's revenue management software to coordinate rental pricing with competing landlords by sharing confidential pricing information. The agreement was reached as part of a bipartisan coalition of nine state attorneys general pursuing antitrust litigation against RealPage and several property management companies. READ ALSO | Oregon sues founder of disaster relief charity over alleged $837K in fraud According to the Oregon Department of Justice, the software allowed landlords to use nonpublic market data from competitors to generate rent recommendations, which states allege reduced competition and helped keep rents artificially high. Rayfield said the case is about whether companies can use technology to coordinate pricing in ways that would otherwise violate antitrust laws. "These companies used software to manipulate the rental market and keep prices climbing—and Oregon families paid the price," Rayfield said. "Landlords don't get to outsource collusion to an algorithm and call it business as usual." Under the agreement, LivCor must pay $7 million to the participating states and stop using revenue management software that relies on competitors' nonpublic pricing information to generate rent recommendations. The company has already stopped using RealPage's software, according to the settlement announcement. LivCor also agreed to refrain from sharing competitively sensitive pricing information with rival landlords, establish an antitrust compliance and training program, and cooperate with the states' ongoing lawsuit against RealPage and the remaining defendants. The settlement is the second that Oregon has secured in the case. In November 2025, the state announced a separate $7 million settlement with property management company Greystar. READ ALSO | As Portland leaders consider vacancy fee, where else has it been tried? The lawsuit stems from allegations filed in January 2025 that RealPage and several large property managers shared confidential rental data and used algorithms to recommend rental prices across competing properties. State attorneys general allege landlords understood their data would be used not only to recommend prices for their own units but also for competing properties using the software. Investigators argue the arrangement reduced competition by encouraging landlords to adopt similar pricing strategies. According to ODOJ, LivCor managed approximately 1,649 multifamily rental units in Oregon that used RealPage's pricing software. The broader litigation against RealPage and property management companies Camden, Pinnacle, and Willow Bridge remains ongoing. The settlement is subject to court approval.