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RealPage. RealPage, Inc. is an American property management software company, owned by the private equity firm Thoma Bravo, and known for its algorithmic rent setting, which is allegedly price fixing. Its services are used to manage more than 24 million housing units worldwide in multifamily, commercial, single-family, and vacation rentals.
A RealPage executive told a landlord that using competitor data could help identify where a landlord “may have a $50 increase instead of a $10 increase for the day,” according to the lawsuit.
The story of RealPage. So what is RealPage and why is everyone so agitated about it? Founded in 1998 by Steve Winn, RealPage Inc. is a multinational company that offers a variety of technology ...
The legal issues at play in these cases tie back to the Sherman Act of 1890, the backbone of U.S. antitrust law.And simply showing landlords used RealPage to raise prices isn’t enough for the ...
CoStar Group, Inc. is a Washington, DC -based provider of information, analytics, and marketing services to the commercial property industry in the United States, Canada, the United Kingdom, France, Germany, and Spain. [1] Founded in 1987 by Andrew C. Florance, the company has grown to include the online database CoStar and many online ...
August 23, 2024 at 4:34 PM. The U.S. on Friday sued RealPage, alleging its software allowed landlords to coordinate on setting rent. (Matt Rourke / Associated Press) The U.S. Department of Justice ...
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The Justice Department and several state attorneys general filed an antitrust suit Friday against RealPage, alleging the real estate software company engaged in a complex collusion scheme with ...