A federal judge in Seattle denied Yardi Systems a summary judgment on October 13 in a private antitrust lawsuit over its Revenue IQ software, letting discovery proceed against the landlord defendants. The suit, filed by a Washington renter, says the tool let property managers coordinate rents by routing non-public pricing data through a common algorithm, and covers leases from September 8, 2019 onward.
Why it matters to multifamily marketers
Revenue management software is still a legal flash point, so marketing teams should be ready for renter questions about how asking rents and renewal offers get set.