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DOJ sues software firm, alleging pricing algorithm enables landlords to raise rents

The U.S. Department of Justice and eight states have sued RealPage, claiming its software helps landlords illegally collude and inflate apartment rents.
The civil lawsuit alleges RealPage’s algorithms manipulate landlord data to suppress market competition, leading to higher rents across the United States.
Attorney General Merrick Garland stated, “Americans should not have to pay more in rent because a company has found a new way to scheme,” highlighting concerns over corporate landlords.

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SFist

After SF Supes Banned It Locally, Rent Price Software RealPage Gets Sued by US Justice Department

Less than a month after the SF Board of Supervisors banned a rental price algorithm tool from being used here, the company called RealPage that makes that tool was just sued by the US Department of Justice for illegal price-fixing.Often when the San Francisco Board of Supervisors is the first in the nation to do something, they end up getting widely mocked for it. But the board may have been onto something in late July when they banned algorithm…

7 months ago

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KOIN 6

DOJ suit alleges software firm, landlords fixed rent costs in Portland area

PORTLAND, Ore. (KOIN) — Oregon and Washington attorneys general have joined other states and federal officials in suing a software firm accused of helping landlords fix rent prices. The Department of Justice announced on Friday that the agency and eight states — California, Colorado, Connecticut, Minnesota, North Carolina, Tennessee, Oregon and Washington — joined forces for a civil antitrust lawsuit against RealPage. Oregon man accused of …

7 months ago·Portland, United States

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The Register

Feds and eight US states sue RealPage for rent price fixing

Algorithm just a fancy way to collude using private info, prosecutors say

7 months ago

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TechCrunch

Justice Department sues RealPage over allegedly helping landlords collude to drive up rents

RealPage, which makes property management software, was sued Friday by the U.S. Justice Department and eight attorneys general for allegedly helping apartment and building managers around the country collude to drive up unit prices. The Richardson, Texas-based outfit is accused of contracting with rival landlords to absorb info about their rates and lease terms to […] © 2024 TechCrunch. All rights reserved. For personal use only.

7 months ago·United States

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The Epoch Times

DOJ Sues Real Estate Software Firm Over Alleged Anticompetitive Algorithm

The Department of Justice (DOJ) has brought an antitrust lawsuit against real estate software company RealPage, alleging in an Aug. 23 complaint that its rental price algorithm allows landlords to illegally coordinate rent increases. “We allege that RealPage’s pricing algorithm enables landlords to share confidential, competitively sensitive information and align their rents,” Attorney General Merrick Garland said in a press release. “Using soft…

7 months ago·New York, United States

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Newsday

Antitrust lawsuit accuses RealPage of scheme to help landlords hike rents

The Justice Department has filed an antitrust lawsuit against real estate software company RealPage, accusing it of an illegal scheme that allows landlords to coordinate to hike rental prices.

7 months ago·United States

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