Major apartment landlords under investigation

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Apartment firms probed in Arizona operate thousands of units in Oklahoma

Authorities are investigating nine major apartment landlords for allegedly conspiring with a software company to illegally raise rents in Arizona, including three companies responsible for a combined 39 apartment communities with thousands of units in Oklahoma.

The District of Columbia attorney general's office is also going after the software company, RealPage Inc. , and 14 D.C. apartment owners and managers for alleged rent-fixing, as fallout continues over what many consider excessive, COVID-related rent increases, assailed by President Joe Biden and others.

RealPage aids landlords in a kind of "dynamic pricing," also called "surge pricing" or "peak pricing," where customers pay more during periods of high demand, with rents reset daily.

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This article originally appeared on Oklahoman: Major apartment landlords under investigation