Core Viewpoint - Nine states have reached a $7 million settlement with Greystar over allegations of using shared rent-setting algorithms to inflate rental prices [1][2] Group 1: Settlement Details - The settlement amount is $7 million, which Greystar will pay to the participating states if approved by the federal district court [2] - Greystar will implement strict new limits on its use of rent-setting algorithms and data-sharing platforms as part of the settlement [2] - An antitrust compliance officer must be identified by Greystar within 30 days of the consent judgment [2] Group 2: Participating States and Legal Background - The states involved in the settlement are California, Colorado, Connecticut, Illinois, Massachusetts, Minnesota, North Carolina, Oregon, and Tennessee [3] - The settlement stems from a lawsuit filed in January 2025 by the U.S. Justice Department and attorneys general from 10 states against data and software firm RealPage [4] Group 3: Prohibited Actions - Greystar is prohibited from licensing or using any revenue management product that utilizes external non-public data to generate rental prices [6] - The company cannot use any revenue management system that incorporates a rental price floor or limits on rental price recommendation decreases, with specific exclusions [6] - Greystar is also barred from disclosing non-public data to other property managers or owners for setting rental prices [6]