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DOJ alleges RealPage, landlords coordinated to raise millions of rents. ... RealPage processes the information through algorithmic pricing software that generates recommendations for rental pricing.
"RealPage manipulated the market with algorithmic collusion," DiCello Levitt partner Adam Levitt alleged as outside counsel ...
In a news release, the DOJ noted that RealPage "commands over 80% market share" in this sector. "Anticompetitive agreements are illegal, whether done by a human or software program.
The DOJ separately alleges that RealPage has unlawfully maintained its monopoly over commercial revenue management software for multifamily dwellings in the U.S., in which RealPage commands ...
A RealPage executive told a landlord that using competitor data could help identify where a landlord “may have a $50 increase instead of a $10 increase for the day,” according to the lawsuit.
The DOJ also alleges the company has a monopoly, controlling about 80% of the U.S. market share for this kind of software. And while RealPage says its program offers only a recommendation for ...
The DOJ filed a civil suit against RealPage on Friday, claiming that the company’s software allows for artificially high rent inflation. Skip to content. Introducing the 2025 Women of Influence!
The DOJ in its complaint alleged that use of RealPage’s software ranges from about 29 percent to 60 percent in more than 130 markets. RealPage has a problem with the way these ranges were ...
Additionally, the DOJ claims RealPage maintains a monopoly in commercial revenue management software for multi-family dwellings, making up around 80 percent of market share.
The DOJ alleges RealPage colluded with landlords to inflate rental housing prices, harming millions of Americans. Latest U.S.
U.S. property management software firm RealPage said on Friday the Department of Justice had ended a criminal investigation into the company on suspicion of illegal pricing of rental housing.