Texas-based RealPage worked with some of the nation’s largest landlords to create a cartel to raise rents, says a lawsuit filed just days after ProPublica published its investigation into the company.
by Heather Vogell for ProPublica, Published 10-21-2022
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Renters filed a lawsuit this week alleging that a company that makes price-setting software for apartments and nine of the nation’s biggest property managers formed a cartel to artificially inflate rents in violation of federal law.
The lawsuit was filed days after ProPublica published an investigation raising concerns that the software, sold by Texas-based RealPage, is potentially pushing rent prices above competitive levels, facilitating price fixing or both.
The proposed class-action lawsuit was filed in U.S. District Court in San Diego. Continue reading