New report finds that corporate landlord Blackstone has raised …
Aug 1, 2024 · Notably, the report analyzes evidence pointing to Blackstone’s use of RealPage’s YieldStar, a controversial real estate software that allegedly enables landlords to inflate rents in a cartel-like manner.
Blackstone-contracted property manager Cortland raided by FBI …
Jul 17, 2024 · The Vice-President of Revenue Management at Blackstone’s multi-family properties has been featured as a RealPage expert on at least three RealPage webcasts about revenue management, including one titled “Smart Solutions: How to Outperform in a Changing Market with Revenue Management.”
Helter Shelter: How Blackstone Contributes to and Profits from ...
Aug 1, 2024 · There is ample evidence that Blackstone uses RealPage to set rents at properties it owns. A 2021 prospectus prepared by Morningstar for a trust securitized by Blackstone-owned multifamily properties specifically cited the use of RealPage’s YieldStar at specific properties.
Blackstone, Cushman & Wakefield, and other landlords sued for …
Jan 8, 2025 · Blackstone, Cushman & Wakefield, Greystar, Camden, Pinnacle, Willow Bridge, and Cortland were all implicated. RealPage, a property management software company, was named in an adjacent antitrust...
Cohen Brothers | RealPage Investigation | Blackstone CMBS - The …
Jun 3, 2024 · Looking at the FBI raid in a RealPage investigation, Blackstone's single-borrower CMBS dominance and the Fortress-Cohen Brothers battle.
Blackstone & other US corporate landlords accused of colluding …
Jan 14, 2025 · Six of the largest US landlords have been accused colluding to raise rents using property management software RealPage. Last week, the US Department of Justice announced it had filed an amended complaint to its antitrust lawsuit against RealPage in order to …
Justice Department Sues Six Large Landlords for Algorithmic …
Jan 7, 2025 · Attorneys General of Illinois and Massachusetts Join Suit Against RealPage and Apartment Landlords, Bringing Total State and Commonwealth Co-Plaintiffs to 10 The Justice Department, together with its state co-plaintiffs, filed an amended complaint today in its antitrust lawsuit against RealPage, to sue six of the nation’s largest landlords ...
Blackstone is the largest corporate landlord in the US - IBTimes UK
Sep 5, 2024 · RealPage is facing an investigation for colluding with homeowners using its proprietary software to abnormally hike rents nationwide. Expect Best/Pexels.com. Blackstone is the largest alternative...
Justice Department Sues RealPage for Algorithmic Pricing Scheme …
Aug 23, 2024 · RealPage’s alleged conduct deprives renters of the benefits of competition on apartment leasing terms and harms millions of Americans. The lawsuit was filed today in the U.S. District Court for the Middle District of North Carolina and alleges that RealPage violated Sections 1 and 2 of the Sherman Act.
DOJ amends RealPage complaint to include 6 major landlords
Jan 8, 2025 · On Tuesday, the Justice Department and attorneys general from 10 states filed an amended complaint in their antitrust lawsuit against data and software firm RealPage to sue six landlords for allegedly “participating in algorithmic pricing schemes that harmed renters,” according to a press release from the DOJ.