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DOJ sues software firm RealPage for allegedly helping landlords collude to keep rents high

CosmicTaco · 2024-08-25T08:41:57.615535+05:30

- RealPage, Inc. is an American multinational corporation that provides property management software for the multifamily, commercial, single-family, and vacation rental housing. - The U.S. Department of Justice has filed a lawsuit against RealPage, accusing the software company of helping landlords collude to keep rents high. - RealPage allegedly allows landlords to manipulate market forces, creating a monopoly that harms millions of renters, according to the DOJ. - Attorney General Merrick Garland stated, 'Everybody knows the rent is too damn high, and we allege this is one of the reasons why.' - The lawsuit is supported by attorneys general from eight states and follows a nearly two-year investigation. - RealPage, owned by Thoma Bravo, denies the allegations and calls the lawsuit a 'distraction' from real economic issues. Source: [CNBC](https://www.cnbc.com/2024/08/23/doj-realpage-landlord-rent-collusion-antitrust.html)

RealPage, Inc. is an American multinational corporation that provides property management software for the multifamily, commercial, single-family, and vacation rental housing.
The U.S. Department of Justice has filed a lawsuit against RealPage, accusing the software company of helping landlords collude to keep rents high.
RealPage allegedly allows landlords to manipulate market forces, creating a monopoly that harms millions of renters, according to the DOJ.
Attorney General Merrick Garland stated, 'Everybody knows the rent is too damn high, and we allege this is one of the reasons why.'
The lawsuit is supported by attorneys general from eight states and follows a nearly two-year investigation.
RealPage, owned by Thoma Bravo, denies the allegations and calls the lawsuit a 'distraction' from real economic issues.

Source: CNBC