DOJ and Eight States Sue Thoma Bravo's RealPage for Alleged Rent Price Collusion

Aug 23, 2024, 03:12 PM

The U.S. Department of Justice, along with eight states, has filed an antitrust lawsuit against RealPage, a real estate software company owned by Thoma Bravo. The lawsuit alleges that RealPage's software enabled landlords to collude and raise rental prices across millions of apartment units in the United States. The Justice Department claims that RealPage's algorithm facilitated illegal coordination among landlords, violating antitrust laws and harming renters by inflating rental costs. This legal action highlights concerns over the use of technology in the rental market and its impact on housing affordability.