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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 ...
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.
The federal lawsuit filed in North Carolina alleges RealPage holds a monopoly in what is called "revenue management software" for landlords because the company controls 80% of the market nationwide.
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 ...
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