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RealPage Antitrust Consent Decree Proposed

  • The Department of Justice (DOJ) and eight states filed a civil antitrust lawsuit against RealPage Inc., alleging unlawful competition practices.
  • The DOJ, joined by ten states, filed an amended complaint alleging participation of several landlords in a price-fixing scheme using RealPage software.
  • The landlords shared sensitive information through RealPage's pricing algorithm to decrease competition and increase corporate profits.
  • A proposed consent decree with Cortland Management was announced, resolving claims in exchange for cooperation with the DOJ's ongoing investigation.

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