In The News
Multifamily faces antitrust litigation
Yield Pro
26 Jun 2024
Multifamily faces antitrust litigation
Yield Pro
David Cross spoke to Yield Pro about recent lawsuits challenging the use of algorithmic-based tools to set rents, claiming that their use violates the Sherman Antitrust Act of 1890, which prohibits any activity that restricts interstate commerce and competition in the marketplace.
“The DOJ has been explicit that they’re not happy with rising rents and are looking for ways to tackle that and they’re trying to use the antitrust laws in a way that the laws are not designed to do,” David said.
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