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January 1, 20177 reports

RealPage's YieldStar Allegedly Facilitated Rent Price Coordination Among Canadian Landlords

RealPage’s YieldStar algorithm is alleged to have enabled Canadian landlords to coordinate rental pricing by utilizing sensitive, non-public market data. The software has been accused of contributing to rent increases in non-rent-controlled units through purported collusion and artificial price inflation. Tenants have reported significant rent hikes, which they attribute to landlords' use of the algorithm.

Deployers
Woodbourne Capital Management International LP
Tribute Communities
The Rockport Group
TAS Impact
RioCan Living
Rhapsody Property Management Services LLP
GWL Realty Advisors Residential Inc.
First Capital Real Estate Investment Trust
EDGAR Development Corp.
Dream Unlimited Corp.
Core Development Group Ltd.
Choice Properties Real Estate Investment Trust
Canadian property managers using YieldStar
Developers
RealPage