By USA Today Network via Reuters Connect
The Arizona Attorney General’s Office has settled with one of nine landlords it sued in February 2024 for engaging in a price fixing operation that the state said led to apartment rent hikes in metro Phoenix and Tucson.
The attorney general will dismiss claims against Weidner Property Management LLC, which agreed to donate $1 million to Arizona nonprofit Wildfire to help the landlord’s former and current tenants.
The settlement stems from Arizona’s lawsuit against RealPage Inc. and several landlords, alleging antitrust and fraud violations. The suit against the other nine firms is ongoing.
The lawsuit alleges Texas-based software company RealPage, which works for landlords to collect data on the rental market and set prices, and the apartment landlords conspired to drive up costs.
“Arizona renters deserve a fair and competitive housing market—not one manipulated by secret algorithms and backroom deals,” Attorney General Kris Mayes said in a prepared statement. “This settlement not only stops harmful practices but also provides direct assistance to renters.”