Justice Department Accuses RealPage of Violating Antitrust Laws Through Scheme to Hike Rents ...Middle East

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WASHINGTON — The Justice Department filed an antitrust lawsuit Friday against real estate software company RealPage Inc., accusing it of an illegal scheme that allows landlords to coordinate to hike rental prices. The lawsuit, filed alongside attorneys general in states including North Carolina and California, alleges the company of violating antitrust laws through its algorithm that landlords use to get recommended rental prices for apartments. [time-brightcove not-tgx=”true”] The algorithm allows landlords to align their prices and avoid competition that would keep rents down, Justice Department officials said. The complaint quotes one RealPage executive as saying “there is

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