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Briefing

U.S. Justice Department files suit alleging RealPage helps apartment landlords fix prices

The U.S. and several state governments allege the Texas-based firm’s market intelligence software damages competition in rental housing by recommending prices based on confidential information its users feed into it—enabling cartel-like behaviour without a cartel. The company will fight the accusations, RealPage spokesperson Jennifer Bowcock told The Logic. “RealPage’s revenue management software is purposely built to be legally compliant, and we have a long history of working constructively with the DOJ to show that.” (The Logic)

Briefing

U.S. Justice Department files suit alleging RealPage helps apartment landlords fix prices

By David Reevely
Aug 23, 2024
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The U.S. and several state governments allege the Texas-based firm’s market intelligence software damages competition in rental housing by recommending prices based on confidential information its users feed into it—enabling cartel-like behaviour without a cartel. The company will fight the accusations, RealPage spokesperson Jennifer Bowcock told The Logic. “RealPage’s revenue management software is purposely built to be legally compliant, and we have a long history of working constructively with the DOJ to show that.” (The Logic)

Talking point: RealPage works in Canada, too, and Canadian tenant groups have called for government crackdowns on RealPage and similar companies. RealPage has a website for its counterarguments, including that its client landlords are free to undercut one another if they want to. Housing is expensive because there’s more demand than supply, the company says, not because landlords share data.

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