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

States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.

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.”

Heading 2
Enugu secures $200 million solar investment to boost electricity supply
Mr Mbah pledged the state governmentās support in removing institutional bottlenecks that could delay the project.

Heading 5
FAAN announces temporary closure of Owerri airport runway for repairs
According to Mr Agbebire, the closure was tentatively scheduled to last about 25 days.

States
Police nab three suspects over alleged murder of 65-year-old woman accused of witchcraft in Niger
The commandās spokesperson said the incident occurred on Saturday.

Health
Lassa Fever: Nigeria records 1,115 cases, 263 deaths in 24 states
The agency urged healthcare workers and the public to maintain appropriate preventive measures.

Heading 2
Police nab 47 suspects for thuggery, drug peddling in Kano
Mr Haruna-Kiyawa stated that large quantities of illicit substances and dangerous weapons were recovered from the suspects.

Heading 5
Number of votes Tinubu gets in 2027 will show number of mad people in Nigeria: Rotimi Amaechi
Mr Amaechi had recently blamed the economic hardship under Mr Tinubu for the deaths of many Nigerians, including his mother.





