The District of Columbia filed a lawsuit against the region’s prominent landlords, accusing them of using price-setting technology to “artificially raise rents.”
On Wednesday, D.C. Attorney General Brian L. Schwalb announced a lawsuit against “14 of the largest residential landlords in the District” and property management software firm RealPage for “colluding to illegally raise rents for tens of thousands of DC residents.” The lawsuit alleges that the landlords collectively delegated the authority to set rent prices to RealPage, which allegedly used its centralized pricing algorithm to “inflate prices.”