Justice Department Reaches Proposed Consent Decree with Pinnacle, One of America’s Largest Landlords, to Resolve Information Sharing and Algorithmic Coordination Claims

The Justice Department’s Antitrust Division filed a proposed consent decree today to resolve the United States’ claims against Pinnacle Property Management Services LLC, as part of its ongoing enforcement action in the Middle District of North Carolina against algorithmic coordination, the use of competitors’ competitively sensitive data, and other anticompetitive practices in rental markets across the country that artificially increase housing costs for the American people. Today’s proposed decree builds on the Justice Department’s success in obtaining settlements in the same enforcement action against RealPage Inc. and four other large landlords, Cortland Management LLC, Greystar Management Services LLC, LivCor LLC, and Willow Bridge Property Company LLC.