Department of Justice. Credit/ShutterstockDOJ, 10 State AGs File Amended Antitrust Complaint Against RealPage and Big Landlords
The amended complaint alleges RealPage coordinated with big landlord companies in an unlawful scheme to decrease competition among landlords and force tenants to pay higher rents for apartment housing.
January 07, 2025 at 08:52 PM
4 minute read
What You Need to Know
- The U.S. Department of Justice filed an amended antitrust complaint against RealPage and additional real estate defendants.
- RealPage is represented by Robinson, Bradshaw & Hinson and Gibson, Dunn & Crutcher.
- Axinn, Veltrop & Harkrider and Lewis Brisbois Bisgaard & Smith represent defendant Cortland.
The U.S. Department of Justice and 10 state attorneys general filed an amended complaint Tuesday accusing real estate companies of inflating rental apartment pricing in violation of federal antitrust laws.
“RealPage is an algorithmic intermediary that collects, combines, and exploits landlords’ competitively sensitive information,” attorneys wrote in the 161-page amended complaint filed in U.S. District Court for the Middle District of North Carolina. “And in so doing, it enriches itself and compliant landlords, including Defendant Landlords, at the expense of renters who pay inflated prices and honest businesses that would otherwise compete.”
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