California AG Announces $7M Settlement with Property Manager in Algorithmic Rent Scheme

A property management company is paying $7 million for what the California Attorney General calls an “algorithmic rent alignment scheme.”

California Attorney General Rob Bonta worked on the settlement as part of a coalition of nine attorneys general with LivCor LLC, one of the property management companies named as a defendant in Bonta’s ongoing antitrust lawsuit against software company RealPage.

The settlement resolves allegations that LivCor used RealPage’s revenue management system to align rental prices with competing landlords by illegally sharing and gathering confidential pricing information. According to the lawsuit, this conduct interfered with the competitive process and enabled landlords to keep prices higher.

LivCor managed 57 multifamily rental properties that used RealPage’s pricing software in California.

The settlement, which requires LivCor to pay $7 million in penalties and fees to the states, is subject to court approval. LivCor agreed to not use software offered by any company that uses competitively sensitive information to align rent prices and agrees to cooperate in the ongoing prosecution of RealPage and other defendant landlords.

This is the second settlement reached in this litigation. In November 2025, Bonta and other state attorneys general announced a settlement with Greystar.