Officials are mum on an ongoing court case that could determine how Valley rental rates are calculated after numerous claims at the state and federal level that properties may be colluding with one another in an effort to keep rents high.
In a variety of lawsuits, parties allege landlords who own, operate and manage multifamily apartments were using a software provided by Texas-based company RealPage — a third-party business that is alleged to help set higher prices on rents in multifamily apartment complexes through analytics.
In February, the Arizona Attorney General’s Office sued RealPage and residential landlords for what the office alleges is an illegal price-fixing conspiracy, according to a press release.
