LivCor to Pay $7M in RealPage Rent-Fixing Deal

LivCor, LLC, a Blackstone-owned property manager, agreed Thursday to pay $7 million to settle claims by nine state attorneys general that it used RealPage software to coordinate rents with rival landlords.

The settlement, announced June 18, 2026, is subject to court approval. It resolves allegations that LivCor fed competitors' nonpublic pricing information into revenue-management software to set rents, according to KATU.

A bipartisan coalition

The nine states are Minnesota, North Carolina, California, Colorado, Connecticut, Illinois, Massachusetts, Oregon and Tennessee. The underlying lawsuit was filed in January 2025.

"Landlords don't get to outsource collusion to an algorithm and call it business as usual," Oregon Attorney General Dan Rayfield said, according to KATU. He added that the companies used software to manipulate the rental market while Oregon families paid the price.

Minnesota Attorney General Keith Ellison framed the case in broad economic terms. "Free and fair competition is the lifeblood of our economy," Ellison said, calling the conduct of RealPage and LivCor a poison to the economy and to residents' pocketbooks, FOX 9 Minneapolis reported.

What the deal requires

Under the agreement, LivCor must pay $7 million to the participating states and stop using revenue-management software that relies on competitors' nonpublic pricing data to generate rent recommendations. The company must also stop sharing competitively sensitive pricing information with rivals, set up an antitrust compliance and training program, and cooperate in the states' ongoing case against RealPage and the remaining defendants.

If LivCor uses a third-party pricing algorithm in the future, it must accept a court-appointed monitor, FOX 9 reported. The company has already stopped using RealPage's software.

How the money is split

Minnesota will receive $582,746.80, while Connecticut is reported to receive about $486,000. In Oregon, LivCor managed roughly 1,649 multifamily rental units that used RealPage's pricing software, according to KATU.

It is the second settlement in the case. The first was a $7 million settlement with Greystar in November 2025. Litigation continues against RealPage and property managers Camden, Pinnacle and Willow Bridge.

The states allege RealPage’s software let competing landlords coordinate rents rather than compete on price, feeding nonpublic data into a shared algorithm. LivCor’s deal commits it to cooperate as that case proceeds, the attorneys general said.

A growing fight over rent algorithms

The settlement lands amid mounting scrutiny of software-driven pricing in housing. In March 2026, the Minneapolis City Council passed an ordinance banning the use of algorithms to set rent prices in the city, FOX 9 reported.

For tenants trying to understand their own rights, see our explainer on what to do when a landlord raises the rent. For the broader legal backdrop, read our analysis of how federal antitrust law applies across industries.

Frequently Asked Questions

Who is LivCor and how is Blackstone involved?

LivCor, LLC is a property management company owned by Blackstone. It agreed to the $7 million settlement over its use of RealPage's revenue-management software.

Which states are part of the settlement?

Minnesota, North Carolina, California, Colorado, Connecticut, Illinois, Massachusetts, Oregon and Tennessee — a bipartisan coalition of nine attorneys general.

Is this the only settlement in the case?

No. It is the second. The first was a $7 million settlement with Greystar in November 2025. Litigation continues against RealPage, Camden, Pinnacle and Willow Bridge.

What must LivCor change going forward?

It must stop using software that relies on competitors' nonpublic pricing data, stop sharing sensitive pricing information, run a compliance program and accept a monitor if it uses a pricing algorithm again.

Sources

Reporting compiled from court records and the cited source outlets.