Computer Software
RealPage, Inc.About
Important information
- Pending Government Action:Government Action: BBB reports on known government actions involving business’ marketplace conduct:STATE OF ARIZONA, ex rel. KRISTIN K. MAYES, Attorney General, Plaintiff, v. REALPAGE, INC.; APARTMENT MANAGEMENT CONSULTANTS, LLC; AVENUE5 RESIDENTIAL, LLC; BH MANAGEMENT SERVICES, LLC; CAMDEN PROPERTY TRUST; CROW HOLDINGS, LP; TRAMMELL CROW RESIDENTIAL COMPANY; GREYSTAR MANAGEMENT SERVICES, L.P.; HSL PROPERTIES, INC.; HSL ASSET MANAGEMENT, LLC; RPM LIVING, LLC; WEIDNER PROPERTY MANAGEMENT LLC Defendants.
On February 28, 2024, the Arizona Attorney General announced a lawsuit against RealPage, Inc. and nine major residential apartment landlords operating in Arizona for conspiring to illegally raise rents for hundreds of thousands of Arizona renters in the Phoenix and Tucson metro area.
The State’s lawsuit alleges RealPage’s revenue management software works by compiling competitively sensitive data on pricing and occupancy from competitors in the market for multifamily apartment leases and then directing the competitors who have entered the conspiracy on which units to rent and at what price.
The Attorney General’s lawsuit specifically alleges that:
- The defendant landlords illegally colluded with RealPage to artificially raise rents and concealed their conspiracy from the public. By providing highly detailed, sensitive, non-public leasing data with RealPage, the defendant landlords departed from normal competitive behavior and engaged in a price-fixing conspiracy. RealPage then used its revenue management algorithm to illegally set prices for all participants.
- RealPage’s conspiracy with the landlord co-defendants violate both the Arizona Uniform State Antitrust Act and the Arizona Consumer Fraud Act. Arizona’s antitrust law prohibits conspiracies in restraint of trade and attempts to establish monopolies to control or fix prices. The State’s consumer fraud statute makes it unlawful for companies to engage in deceptive or unfair acts or practices or to conceal or suppress material facts in connection with a sale, in this case apartment leases.
- The illegal practices of the defendants led to artificially inflated rental prices and caused Phoenix and Tucson-area residents to pay millions of dollars more in rent. Defendants conspired to enrich themselves during a period when inflation was at historic highs and Arizona renters struggled to keep up with massive rent increases.
The matter is pending. To view the Press Release go to: https://www.azag.gov/press-release/attorney-general-mayes-sues-realpage-and-residential-landlords-illegal-price-fixing
About This Business
Products and Services
Business Details
- Local BBB:
- BBB serving North Central Texas
- BBB File Opened:
- 7/1/1999
- Business Started:
- 1/1/1980
- Business Started Locally:
- 1/1/1980
- Business Incorporated:
- 3/2/2004
- Type of Entity:
- Corporation
- Alternate Names:
- Community Rewards (Modern Message, Inc.)
- DepositIQ
- DemandX
- Migo Home Sharing
- Knock CRM
- LeasingDesk Screening
- LOFT App
- RealPage Exchange
- RealPage Vendor Marketplace
- ActiveBuilding
- On-Site (PR On-Site LLC)
- Yieldstar Revenue Management
- Business Management:
- Ms. Chinenye Kanu, Paralegal
- Mrs. Dana Jones, President/CEO
- Mr. Vinit Doshi, COO
Additional Contact Information
- Principal Contacts
- Ms. Chinenye Kanu, Paralegal
- Customer Contacts
- Ms. Chinenye Kanu, Paralegal
- Additional Phone Numbers
- Other Phone: (866) 934-1124
- Other Phone: (866) 359-2204
- Other Phone: (888) 205-8118
- Other Phone: (972) 820-3000
- Additional Email Addresses
- Primary: Email this Business
Additional Information
- Business Categories
- Computer Software, Real Estate Services, Computer Software Developers, Marketing Software, Data, Smart Phone Software, Data Analytics
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