ATTORNEY GENERAL RAOUL ANNOUNCES $7 MILLION SETTLEMENT WITH LIVCOR FOR ITS ROLE IN ALGORITHMIC RENT ALIGNMENT SCHEME

ATTORNEY GENERAL RAOUL ANNOUNCES $7 MILLION SETTLEMENT WITH LIVCOR FOR ITS ROLE IN ALGORITHMIC RENT ALIGNMENT SCHEME

June 18, 2026

Settlement Resolves Property Management Company's Illegal Gathering, Sharing of Confidential Pricing Information

Chicago - Attorney General Kwame Raoul, as part of a bipartisan coalition of nine attorneys general, today announced a $7 million settlement with LivCor LLC (LivCor), one of the property management companies named as a defendant in an ongoing antitrust litigation Raoul and the coalition filed 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 gathering and sharing confidential pricing information. This conduct interfered with the normal competitive process and enabled landlords to keep prices higher, even in conditions under which landlords naturally would lower prices.

"Access to affordable housing is a basic human right, yet it continues to be one of the biggest challenges facing families around the country. This settlement ensures that Illinois renters will not pay higher rates because the odds were stacked against them through a new technology scheme that broke a long-standing law," Raoul said. "My office will continue to join with other attorneys general to uphold the law and protect competition in the marketplace."

Under the settlement, subject to court approval, LivCor agrees 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.

RealPage uses algorithmic models to recommend price increases to subscribers. As alleged in the January 2025 complaint, LivCor and other landlords, including five co-defendants, shared competitively sensitive data to generate pricing recommendations using RealPage's algorithms. LivCor and other landlords also discussed competitively sensitive topics - including pricing strategies, rents and selected parameters for RealPage's software - directly with each other.

Landlords also understood that their nonpublic data would be used to recommend prices not just for their own units, but also for competitors who use the programs, and agreed to provide this information because they understood they would benefit from their rivals' information. In other words, RealPage knew what competing landlords were charging and could increase profits for landlords by using that information to recommend landlords set or raise their prices uniformly, which eliminated competition and left renters no choice but to pay artificially high prices.

Today's settlement, which is subject to court approval, requires LivCor to pay $7 million in penalties and fees to the states. LivCor must also:

• Cease use of any revenue management software that uses competitors' nonpublic pricing data to generate rent recommendations. LivCor has stopped using RealPage software.
• Refrain from sharing competitively sensitive pricing information with rival landlords or property managers.
• Establish an antitrust compliance and training program.
• Accept a court-appointed monitor if it uses a third-party pricing algorithm that is not certified pursuant to the terms of the consent decree.
• Cooperate fully with the states' ongoing litigation against RealPage and remaining defendants.

This is the second settlement reached by the states in this litigation. In November 2025, Raoul and the coalition announced a $7 million settlement with Greystar, another defendant. Litigation against RealPage and the remaining property management defendants, Camden, Pinnacle and Willow Bridge, is ongoing.

Joining Raoul in securing this settlement are the attorneys general of California, Colorado, Connecticut, Massachusetts, Minnesota, North Carolina, Oregon and Tennessee.