US sues Cushman & Wakefield, other landlords over alleged rental price coordination (updated)

Cushman & Wakefield

07/01/2025 19:20

(Adds detail on lawsuit in paragraphs 2-4)
       Jan 7 (Reuters) - Cushman & Wakefield  CWK.N  was among
six large landlords sued by the U.S. Department of Justice over
alleged anticompetitive practices in housing rental markets, the
DOJ said on Tuesday.
    The companies were added to the DOJ's lawsuit in North
Carolina accusing property management software company RealPage
of letting landlords collude by sharing their pricing
information with the company's software, which then recommends
rent prices.
        RealPage has denied the allegations.
  
        Greystar Real Estate Partners, Blackstone's LivCor,
Camden Property Trust, Pinnacle Property Management Services and
Willow Bridge Property Co. were also named in the lawsuit.
Cortland Management has agreed to settle the claims, the DOJ
said.
  


 (Reporting by Jody Godoy; Editing by Chris Reese and Mark
Porter)
 ((Jody.Godoy@thomsonreuters.com;))