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Realpage

All articles tagged with #realpage

local-news1 month ago•1 min saved

San Antonio Renters May Receive Checks in $360M RealPage Settlement

A proposed $359.9 million settlement in a class-action lawsuit against RealPage and approximately 40 rental management companies may provide compensation to San Antonio renters who paid rent between October 2018 and November 2025. The case alleges that defendants used pricing software to artificially inflate rent prices. Although the settlement amount has been agreed upon, a judge must still grant final approval before funds are distributed. Eligible individuals must verify their addresses on the official settlement website and provide proof of payment, with claims due by January 29, 2027. All defendants deny the allegations of wrongdoing.

via KSAT|

#class-action #local-news #realpage

courts-and-law2 months ago•21 min saved

Tenant Alleges Rent-Setting Software Fueled Price Coordination in Philly

A Philadelphia tenant has filed a lawsuit against Willow Bridge Property Company and RealPage, accusing their use of RealPage’s rent-setting software of violating the city’s new antitrust law that bans price coordination in rents; the suit targets Vue 32 in University City and Rittenhouse Row in Center City (244 apartments) and seeks damages up to triple the actual amount or $2,000 per violation, marking what’s believed to be the first case under the Feb 2025 law. The case follows a DOJ settlement with RealPage over its pricing algorithm, and representatives for the defendants did not comment.

via WHYY|

#antitrust-law #courts-and-law #price-fixing

business1 year ago•2 min saved

Landlords Agree to $141M Settlement Over Rent-Setting Algorithms

Greystar and 25 property management companies agree to pay over $141 million to settle a lawsuit alleging they used rent-setting algorithms to inflate housing costs, with Greystar paying $50 million; the companies also commit to no longer sharing nonpublic data with RealPage, which denies wrongdoing. The settlement aims to address alleged anti-competitive practices in the rental market.

via Yahoo Finance|

#business #greystar #housing-costs

business1 year ago•2 min saved

Greystar and others settle $141M rent lawsuit

Greystar and 25 property management companies agree to pay over $141 million to settle a lawsuit alleging they used RealPage's rent algorithms to artificially inflate housing costs, with Greystar paying $50 million. The companies will also stop sharing nonpublic data with RealPage, marking a significant shift in the industry. RealPage denies wrongdoing, claiming its software's recommendations are misunderstood and that high rents are driven by housing supply issues.

via AP News|

#business #greystar #housing-costs

real-estatecorporate-landlords-legal2 years ago•3 min saved

"Legal Battles: U.S. Renters Challenge Corporate Landlords"

U.S. renters are taking corporate landlords to court, alleging the use of software to deliver inflated rent hikes. Tenants at Portside Towers in New Jersey are involved in a class-action lawsuit against RealPage and 34 co-defendant landlords, with the U.S. Department of Justice filing a statement of interest in the case. The software, according to tenants, eliminates empathy and sets artificially high rents, leading to allegations of antitrust violations. RealPage claims its tools use anonymized data and increase landlord revenues, but tenants argue they discovered the software's impact after reading a 2022 ProPublica investigation. Meanwhile, asking rents in the U.S. have ticked down, but well-located landlords on the East Coast may still have pricing power.

via CNBC|

#class-action-lawsuit #corporate-landlords #inflated-rent-hikes