News  AG Campbell Secures $7 Million Multistate Settlement With Property Management Company Livcor Over Algorithmic Rent Pricing Scheme

BOSTON — Massachusetts Attorney General Andrea Joy Campbell today announced that she, as part of a bipartisan coalition of nine attorneys general, have reached a $7 million settlement with LivCor, LLC (LivCor) -- one of the property management companies named as a Defendant in the coalition’s ongoing antitrust lawsuit against software company RealPage. Under the terms of the agreement and subject to federal court approval, LivCor must stop using any software that uses competitively sensitive information to align rent prices and cooperate in the ongoing prosecution of RealPage and other defendant landlords. Massachusetts will receive $649,842 from the settlement. 

The settlement resolves allegations that LivCor used RealPage’s revenue management system to align rental prices with those of competing landlords by illegally sharing and gathering confidential pricing information. This anticompetitive conduct enabled landlords to keep prices high, even in conditions when they would have naturally lowered prices.  

“At a time when Massachusetts residents are facing rising housing costs and a shortage of affordable options, my office is proud to have secured this settlement against those whose conduct undermines fairness and competition in the rental housing market,” said AG Campbell.  “My office will continue to hold bad actors within our housing market accountable.”  

The settlement, which is subject to court approval, comes as a result of an antitrust lawsuit filed by the multistate coalition and the Department of Justice against revenue management software company RealPage, Inc. and six of the nation’s largest landlords as part of ongoing enforcement efforts targeting algorithmic coordination and other anticompetitive practices in rental markets nationwide. In their amended complaint, the coalition alleged that the landlords -- LivCor; Greystar Management Services; Camden Property Trust; Pinnacle Property Management Services, LLC; Willow Bridge Property Company, LLC; and Cortland Management, LLC -- participated in an unlawful scheme to decrease competition in rental housing markets across the country, harming millions of renters.  

The coalition’s lawsuit alleges that the defendants shared nonpublic competitively sensitive data to generate pricing recommendations using RealPage’s algorithms. The lawsuit alleges that landlords understood that their nonpublic data would be used to recommend prices not just for their own units, but also for competitors who use the programs, and agreed to provide this information because they understood they would benefit from the information of their rivals. In other words, RealPage’s software could increase profits for landlords by using nonpublic competitively sensitive information to recommend landlords set or raise their prices according to its algorithm, leading to price alignment and leaving renters no choice but to pay an artificially high price.  

Together, these landlords operate more than 1.3 million units in 43 states and the District of Columbia. In Massachusetts, LivCor managed two buildings with approximately 1,541 rental units that used RealPage’s pricing software.  

 In addition to the monetary payment to the states, the proposed settlement would require LivCor to:   

• Cease the use of any revenue management software that uses competitors’ nonpublic pricing data to generate rent recommendations. LivCor has stopped using RealPage software. 
• Refrain from sharing competitively sensitive pricing information with rival landlords or property managers.  
• Establish an antitrust compliance and training program. 
• Accept a court-appointed monitor if it uses a third-party pricing algorithm that is not certified pursuant to the terms of the consent decree. 
• Cooperate fully with the States’ ongoing litigation against RealPage and remaining defendants.  

This is the second settlement reached by the coalition in this litigation; in November 2025, AG Campbell announced a $7 million multistate settlement with Greystar. Litigation against RealPage and the remaining property management defendants, Camden, Pinnacle, and Willow Bridge is still ongoing. 

Joining AG Campbell in reaching this settlement are the attorneys general of California, Colorado, Connecticut, Illinois, Minnesota, North Carolina, Oregon, and Tennessee.  

In Massachusetts, this matter is handled by Assistant Attorney General Katherine Krems and Deputy Division Chief Jennifer Greaney, both of AG Campbell’s Antitrust Division.