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RealPage said previously that its revenue management software prioritizes a property’s own internal supply and demand dynamics over external factors such as competitors’ rents.

A U.S. Senate committee is asked the Federal Trade Commission to review whether the rent-setting software from Texas-based property tech company RealPage violates antitrust laws by helping big landlords operate as a cartel to push rents above competitive levels in some markets. Read more»

The property managers named in the lawsuit included Greystar, Lincoln Property Company, Equity Residential, Mid-America Apartment Communities and FPI Management - some of the nation’s largest landlords.

Renters filed a lawsuit this week alleging that RealPage -a company that makes price-setting software for apartments - and nine of the nation’s biggest property managers formed a cartel to artificially inflate rents in violation of federal law. Read more»

Some of the big landlords appeared to be trendsetters, whose cues on rent prices are followed by smaller operators.

Amid a national housing crisis, giant private equity firms have been buying up apartment buildings en masse to squeeze them for profit, with the help of government-backed Freddie Mac. Meanwhile, tenants say they’re the ones paying the price. Read more»

The filing asserts that Trump Organization employees took part in a pattern of deception in which they misled lenders, insurers and the Internal Revenue Service by vastly overstating values for a host of other Trump properties.

A new legal filing by New York’s attorney general this week accused former President Donald Trump’s company of misleading lenders about the financial health of its landmark downtown Manhattan skyscraper, 40 Wall Street, while seeking to renew the building’s mortgage. Read more»

Trump signing executive orders on 'Transparency in Federal Guidance and Enforcement,' Oct. 9, 2019.

The president’s businesses made themselves appear more profitable to lenders and less profitable to tax officials. One expert calls the differing numbers “versions of fraud.” Read more»

Carson Luke, who is autistic, was 10 years old when public school staff members crushed his hand in a door while trying to close him in a seclusion room at the Southeastern Cooperative Education Program’s Deep Creek facility in Chesapeake, Va., three years ago.

Carson Luke, a young boy with autism, shattered bones in his hand and foot after educators grabbed him and tried to shut him into a “scream room.” Kids across the country risked similar harm at least 267,000 times in just one school year. Read more»