Case Description
Nie attorneys general have joined the U.S. Department of Justice in a lawsuit against Real Page, Inc. In a January 2025 amended complaint, the plaintiff states and the DOJ added six large landlords as defendants.
The lawsuit alleges that RealPage facilitates the anticompetitive information exchange of nonpublic, competitively sensitive information about rental rates and other lease terms to train and run its algorithmic pricing software, and that competing landlords use the recommendations from this software in pricing their units. The lawsuit brings claims that the defendants’ conduct violates Section 1 of the Sherman Act by depriving the market of fully independent centers of decision-making on pricing in a way that is likely to harm the competitive process and harm renters. The lawsuit also alleges that RealPage has monopolized the market for commercial revenue-management software that landlords use to price their apartments in violation of Section 2 of the Sherman Act. The state plaintiffs also bring claims against the defendants under their state laws.
