Are Apartment Rents Really At Market?

Date: September 11, 2024

Location: Phoenix, AZ


Sponsor:
Phoenix Chapter
Contact:
Jenny Calabrese
Phone:
(916)972-9700
Email:
jenny.calabrese@appraisalinstitute.org
Website:
http://www.aiphoenix.org/
Name:
Zoom
Address:
Virtual
ClassroomPhoenix, AZ
Speakers:
Stapp, Mark
Notes:
Virtual Zoom class

     

Notes

Additional Information

Who: Professor Mark Stapp of ASU

What: Arizona Attorney General Kris Mayes lawsuit against RealPage and Arizona landlords

Why: To discuss whether apartment rents are really at market.

1) Are Arizona apartment managers colluding to set apartment rents higher than they would be if they were all working independently?   

2) When a market survey is completed by an appraiser, is that appraiser getting true market rents, or are they getting rents that the managers collaborate to provide?   

3) Why has Kris Mayes, the Attorney General of the State of Arizona, filed a lawsuit against RealPage and nine major residential apartment landlords in Arizona contending that they are illegally raising rents for hundreds of thousands of Arizona tenants in Phoenix and Tucson?

ZOOM log-in information will be sent out to all registered attendees on September 10th.  Instruction will begin at 12:00pm MST.  This is a free event.