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RealPage, rent software
RealPage accused on coordinating with landlords to keep rents artificially high
The Justice Department has expanded a lawsuit against the real estate software company RealPage, adding six of the biggest landlords and property management companies in the country to the suit and alleging that they coordinated to keep rents artificially high.
Landlords are accused of colluding to raise rents. See where.
Millions of rents across the country may now be set using one company’s algorithmic software, according to a federal lawsuit and a Washington Post analysis.
6 Major Landlords Accused Of Anticompetitive Behavior In DOJ’s Reinvigorated RealPage Investigation
Greystar, Blackstone, Camden Property Trust and Cushman & Wakefield are among the firms added to the suit that alleges RealPage enabled landlords to fix rents.
2d
on MSN
U.S. Expands RealPage Price-Fixing Lawsuit to Include Six Big Landlords
Greystar, the largest U.S. apartment owner, and Blackstone’s LivCor are among the firms added to the suit.
DC News Now on MSN
8h
DC residents react to DOJ suing six landlords for colluding to keep rental prices high
High rent prices in D.C. have long frustrated residents in the District. “When I was looking at prices, I said, ‘Can you ...
EURweb
2h
Housing Crisis: Six Landlords Sued for Coordinating Algorithms to Inflate Rents by DOJ | WATCH
The DOJ has sued six major landlords, alleging they used a pricing algorithm to collaborate and artificially raise rents nationwide.
1d
on MSN
The DOJ Expands Its Lawsuit Against AI Software Company RealPage to Include 6 Major Landlords
After suing real estate software company RealPage in late August, the U.S. Department of Justice (DOJ) expanded its lawsuit ...
1d
on MSN
Under the Dome: State lawmakers start session; NC sues RealPage and 6 landlords
The six landlords named in the lawsuit have allegedly used RealPage’s algorithm to set rent prices in roughly one-third of ...
GlobeSt.com
51m
Multiple Factors Support Robust Multifamily Absorption Forecast
Better multifamily absorption through 2024 is expected to continue into 2025 even if the pace of absorption drops slightly as ...
1d
on MSN
Justice Department Sues Six of the Nation’s Largest Landlords in Effort to Stop Alleged Price-Fixing in Rental Markets
Federal prosecutors allege that the landlords have used RealPage pricing software to collude and artificially raise rents.
1d
on MSN
‘Absolutely egregious’: North Carolina attorney general sues landlords over alleged rent raising collusion
North Carolina’s attorney general says six landlords operating in the state – including two with properties in southeast ...
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