The U.S. Department of Justice Antitrust Division has reached a proposed consent decree with LivCor, LLC, a major landlord owned by Blackstone, to address claims of information sharing and algorithmic coordination in rental markets. The action is part of an ongoing enforcement effort in the Middle District of North Carolina targeting anticompetitive practices among landlords using pricing algorithms.
The Justice Department previously secured similar proposed consent decrees against RealPage, Inc., Cortland Management, LLC, and Greystar Management Services, LLC as part of this broader case.
In January 2025, federal and state authorities filed a complaint alleging that LivCor and five other landlords engaged in coordinated rent-setting. According to the complaint, these companies shared sensitive data to generate pricing recommendations through RealPage’s algorithms. The software included rules that aligned their pricing strategies. Additionally, the landlords discussed rents and related topics directly with each other.
Assistant Attorney General Abigail Slater of the Justice Department’s Antitrust Division stated: “The Trump-Vance Administration is committed to an economy that works for all Americans. Landlords across America are on notice that the competition laws protect renters from the harms caused by competitors sharing competitively sensitive information or aligning prices, whether through an algorithm or otherwise.”
If approved by the court, the consent decree would require LivCor to take specific actions to address these concerns. In accordance with legal requirements under the Tunney Act, details of the settlement will be published in the Federal Register. Interested parties will have 60 days after publication to submit written comments to Danielle Hauck at the Antitrust Division. After reviewing public input, the U.S. District Court for the Middle District of North Carolina may approve final judgment if it determines it serves the public interest.
