Justice Department Sues RealPage for Algorithmic Pricing Scheme that Harms Millions of American Renters

The Justice Department filed a civil antitrust lawsuit against RealPage Inc. for its unlawful scheme to decrease competition among landlords in apartment pricing and to monopolize the market for commercial revenue management software that landlords use to price apartments. RealPage’s alleged conduct deprives renters of the benefits of competition on apartment leasing terms and harms millions of Americans. Attorney General Merrick B. Garland, Deputy Attorney General Lisa Monaco, Acting Associate Attorney General Benjamin C. Mizer, and Assistant Attorney General Jonathan Kanter of the Justice Department’s Antitrust Division held a press conference to make the announcement.

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Source: Justice.gov