Major landlords, RealPage sued in DC for alleged rent-fixing scheme
Publishing timestamp: 2023-11-01 15:18:19
Summary
The District of Columbia Attorney General's office has filed a lawsuit against RealPage, a property management software company, and 14 of the district's largest landlords. The lawsuit alleges that the landlords and RealPage colluded to illegally raise rents for tens of thousands of residents by sharing their data with the company. The lawsuit claims that this violated the district's Antitrust Act and cost renters millions of dollars in illegal rent hikes. The attorney general's office is seeking financial penalties and the appointment of a corporate monitor to stop any alleged anti-competitive behavior.
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Source: https://www.cnbc.com/2023/11/01/realpage-landlords-sued-alleged-illegal-rent-hikes.html