Greystar settles rent‑fixing suit; Minnesota gets $483K
Minnesota’s Attorney General and eight other states filed a proposed $7 million settlement with Greystar Management Services over alleged rent‑fixing tied to RealPage’s pricing software. Greystar, which manages 31 Twin Cities apartment properties, would pay roughly $483,000 to Minnesota and accept limits on algorithmic rent‑setting, stop sharing competitively sensitive information, avoid RealPage events, and cooperate in ongoing litigation against RealPage.
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📌 Key Facts
- $7 million multistate settlement; Minnesota’s estimated share is about $483,000.
- Greystar manages 31 properties in the Twin Cities, including Irvine Exchange, Waterford Bay, and The Westlyn.
- Settlement terms restrict rent‑setting algorithms, bar sharing competitively sensitive data, and require cooperation against RealPage.
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November 24, 2025