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Anti-Trust Suit Implicates Owners of 20 Million Rental Units

TL;DR: RealPage Inc created a program that tells landlords what to charge for apartments, based on non-public pricing information from other landlords. It also encourages them to reduce supply. Over 20 million rental units are implicated by this anti-trust lawsuit. The software covered 19.7 million rental units in 2020, but they've been growing rapidly, so it's well over 20 million rental units by this point – all of which now have tenants that might be eligible for class action damages. https://news.bloomberglaw.com/esg/realpage-major-landlords-face-antitrust-lawsuit-over-rent-spike https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent


TL;DR: RealPage Inc created a program that tells landlords what to charge for apartments, based on non-public pricing information from other landlords. It also encourages them to reduce supply. Over 20 million rental units are implicated by this anti-trust lawsuit.

The software covered 19.7 million rental units in 2020, but they've been growing rapidly, so it's well over 20 million rental units by this point – all of which now have tenants that might be eligible for class action damages.

https://news.bloomberglaw.com/esg/realpage-major-landlords-face-antitrust-lawsuit-over-rent-spike

https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent

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