TBA Law Blog


Posted by: Azya Thornton on Nov 19, 2025

Tennessee Attorney General Jonathan Skrmetti has announced that the state joined a multistate settlement with Greystar Management Services, the nation’s largest property management company, over allegations that it participated in an algorithmic pricing scheme that artificially increased rents. According to a release, a bipartisan coalition of states investigated Greystar for sharing sensitive rental supply and pricing data with competitors through RealPage revenue management software, which officials say inflated prices and reduced competition in the multi-family housing market. Greystar, which manages nearly 950,000 units nationwide and more than 6,000 in Tennessee, reached a non-monetary settlement with the U.S. Department of Justice in August. Under a proposed consent decree, the company would stop using anticompetitive pricing algorithms, stop sharing competitively sensitive information, avoid RealPage-hosted meetings of competing landlords, accept a court-appointed monitor under certain conditions, and cooperate with states’ ongoing claims against RealPage.