Justice Department Reaches Proposed Consent Decree with LivCor
DHS - Press Release
Tuesday, December 23, 2025
Decree Would Prohibit Algorithmic Coordination and Exchanging Competitively Sensitive Data with Competitors
WASHINGTON – The Justice Department’s Antitrust Division filed a proposed consent decree today to resolve the United States’ claims against LivCor, LLC, a Blackstone portfolio company, as part of its ongoing enforcement action in the Middle District of North Carolina against algorithmic coordination and other anticompetitive practices in rental markets across the country. Today’s proposed decree builds on the Justice Department’s success in obtaining proposed consent decrees in the same enforcement action against RealPage, Inc. and two other large landlords, Cortland Management, LLC and Greystar Management Services, LLC.
On January 7, 2025, the United States, together with its state co-plaintiffs, filed a complaint alleging that LivCor, along with five other landlords, actively participated in a scheme to set their rents using each other’s competitively sensitive information through common pricing algorithms. As alleged in Plaintiffs’ complaint, LivCor and other landlords, including five codefendants, shared competitively sensitive data to generate pricing recommendations using RealPage’s algorithms, which also included anticompetitive rules that aligned their pricing. In addition, LivCor and other landlords discussed competitively sensitive topics—including pricing strategies, rents, and selected parameters for RealPage’s software—directly with each other.
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