U.S. govt files antitrust lawsuit against software company RealPage over landlords’ collusion to hike rents

The United States government has filed an antitrust lawsuit against real estate software maker RealPage over allegations that the company concluded with landlords to raise rents across the country.
In the suit filed by the Department of Justice in the Middle District of North Carolina and joined by North Carolina, California, Colorado, Connecticut, Minnesota, Oregon, Tennessee and Washington, the government accused RealPage of facilitating market conspiracy.
According to the New York Times, the lawsuit alleges that RealPage participated in a price-fixing conspiracy that boosted rents beyond market forces for millions of people through its software, which allowed landlords to hike rents across the U.S.
The lawsuit against RealPage marks a landmark as the first major civil antitrust case where the role of an algorithm in pricing manipulation is central to the case, Justice Department officials said.
āAmericans should not have to pay more in rent because a company has found a new way to scheme with landlords to break the law,ā Attorney General Merrick Garland said in a statement.
The Times reported that RealPageās software, Yieldstars, allowed subscribed landlords to access confidential real estate information about rents and occupancy gathered by the software.
Subsequently, this algorithm generates suggestions about the amount landlords should charge rent, a scheme now at the centre of the U.S. government.
Responding to the latest development, a RealPage spokeswoman, Jennifer Bowcock, said the companyās revenue management software was āpurposely built to be legally compliant.ā
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
āKatsina State is Atikuās political base because it is his second home.”

Anti-Corruption
Gbajabiamila back to office after ICPC grilled him over N400 million PFIPC bribery: Lawyer
Mr Adeyemi was arrested shortly after the Abuja Division of the Federal High Court last Tuesday issued a warrant for his arrest.Ā

Heading 2
Kano begins second round of maternal, neonatal tetanus elimination campaign
He said the teams vaccinated 1,339,871 women out of the 1,388,396 targeted.Ā

Abuja
FRSC launches operation āSauka Lafiyaā to curb road crashes in FCT, Niger
FRSC deployed 3,339 personnel, 69 patrol vehicles, 18 ambulances, four tow trucks and 24 motorcycles.Ā

Lagos
Lagos council inducts 156 financial inclusion experts
The chairman urged the inductees to use the digital devices provided to them with integrity.

Heading 1
FCCPC resumes implementation of digital lending regulations
WASPAN had challenged the Commissionās authority to issue and implement the DEON Regulations.

Heading 5
Lagos seeks stronger ties with Turkey to boost investment opportunities
Mr Hamzat described the longstanding relationship between Lagos and Turkish firms as productive.Ā





