Another real estate software company sued over apartment price-fixing claims

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Software company Yardi Systems Inc. and 18 property management companies were named in an antitrust class-action lawsuit Friday accusing the companies of a...

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.

 

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