Kencf0618 / Wikimedia Commons
Why It Matters
Renters across Oregon faced artificially elevated housing costs after a major property management company used algorithmic software to coordinate rental pricing, according to a multistate legal action that has now produced a significant settlement. Nearly 1,650 Oregon properties were managed by the company under this system, meaning thousands of Oregon tenants may have paid inflated rent as a result.
What Happened
Oregon Attorney General Dan Rayfield announced that LivCor, a national property management firm, will pay $7 million as part of a settlement with Oregon and eight other states. The litigation centered on LivCor’s use of RealPage, a revenue management platform that prosecutors alleged was used to artificially drive up rental prices across the market.
The multistate lawsuit was filed in January 2025. Under the terms of the settlement, LivCor is barred from using RealPage or any comparable revenue management software going forward. The company is also prohibited from sharing pricing data with competing landlords — a practice that states argued amounted to coordinated price-setting in violation of antitrust law.
Beyond the financial penalty, LivCor must establish an antitrust compliance and training program and cooperate with ongoing litigation against RealPage and other property management defendants, including Camden, Pinnacle, and Willow Bridge.
Rayfield was direct in characterizing the conduct. “These companies used software to manipulate the rental market and keep prices climbing — and Oregon families paid the price,” he said. He added, “Landlords don’t get to outsource collusion to an algorithm and call it business as usual.”
By the Numbers
- $7 million — settlement amount paid by LivCor
- Nearly 1,650 — Oregon properties managed by LivCor using the pricing software
- 9 states — Oregon, North Carolina, California, Colorado, Connecticut, Illinois, Massachusetts, Minnesota, and Tennessee
- January 2025 — date the multistate lawsuit was filed
- $7 million — prior settlement amount paid by Greystar, announced November 2024, in the same litigation
Zoom Out
This is the second settlement arising from the same coordinated legal effort. The first, reached with property management company Greystar in November 2024, also totaled $7 million across the participating states. The underlying litigation against RealPage and additional defendants — Camden, Pinnacle, and Willow Bridge — remains ongoing, meaning more settlements or verdicts could follow.
The RealPage software has drawn scrutiny from attorneys general across the country, with critics arguing that algorithmic pricing tools allow landlords to effectively coordinate rents without direct communication. Oregon lawmakers have also been grappling with a range of unplanned spending pressures, as rising housing costs continue to strain household budgets statewide.
What’s Next
LivCor’s obligation to cooperate with continued litigation against RealPage and the other named defendants suggests the legal process is far from finished. As states build their case against the remaining companies, the Greystar and LivCor settlements establish both a financial benchmark and a set of behavioral restrictions that future agreements may mirror. Oregon’s housing market will be closely watched to see whether the removal of algorithmic pricing tools produces any measurable relief for renters.
About the Author
