Justice Department sues RealPage over allegedly helping landlords collude to drive up rents
RealPage faces a lawsuit from the U.S. Justice Department and eight attorneys general for allegedly assisting landlords in price collusion.
MAIN POINTS
- RealPage creates property management software.
- The company is accused of helping landlords collude to increase unit prices.
- The lawsuit was filed by the U.S. Justice Department and eight attorneys general.
TAKEAWAYS
- RealPage is based in Richardson, Texas.
- The company allegedly shared rate and lease term information among rival landlords.
- The legal action aims to address anti-competitive practices in the rental market.