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Realpage

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local8 days ago•3 min saved

San Antonio Renters Could Get Settlement Checks Over Alleged Rent Inflation

Renters in San Antonio who paid rent between Oct. 18, 2018 and Nov. 21, 2025 may receive a portion of a proposed $359.925 million class-action settlement against RealPage Inc. and about 40 rental owners/management companies for allegedly inflating rents; final court approval is pending and payout timing is undecided. To check eligibility, renters should use the official settlement site’s Property List to see if their property is included, provide proof of rent, and file a claim by Jan. 29, 2027, noting that defendants deny wrongdoing and the court has not ruled the allegations true or false.

via KSAT|

#class-action #local #realpage

courts-and-law1 month 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

business11 months 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

business11 months 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