Instead of courting renters based on market conditions, the new lawsuit says, property management companies used Yardi’s algorithmic tool to automate the pricing process and implement higher prices collectively across a
group of landlords.Software company Yardi Systems Inc. and 18 property management companies were named in an antitrust class-action lawsuit Friday that accuses the companies of a nationwide apartment price-fixing operation.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: