Greystar, the nation’s largest landlord, has reached a $7 million settlement with nine states, including Oregon, that sued the property management giant for using rent-setting algorithms that officials have blamed for driving up housing costs.

The proposed settlement, filed Tuesday in a North Carolina federal court, is the latest to result from antitrust lawsuits targeting RealPage and similar software companies. Prosecutors argue the products help rival property managers illegally align prices and push up rents. A judge must still approve the deal.

“We’re in the middle of a housing crisis, and families are already stretched to their limits,” Oregon Attorney General Rayfield said in a statement.

“When the largest landlord in America uses an algorithm to price fix the rent, the result is

See Full Page