Tenants Accuse RealPage and Landlords of Facilitating 'Housing Cartel' through Software

Benzinga 2024-02-06

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Tenants have filed class action lawsuits against RealPage and corporate landlords alleging price fixing through revenue management software. The DC Attorney General also filed a complaint against RealPage and 14 landlords, claiming they share competitive data through RealPage to artificially inflate rents. RealPage recommends prices for approximately 4.5 million housing units in the US through tools like YieldStar that optimize yield through prices, occupancy, and lease lengths.

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