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937 New Jersey Sues Property Management Software Firm RealPage, Says Collusion With Landlords Drives Up Rents

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msmash @ Slashdot · 04/23/2025 21:00 EDT

New Jersey Sues Property Management Software Firm RealPage, Says Collusion With Landlords Drives Up Rents

New Jersey sued the property management software company RealPage, accusing it and 10 of the state's largest landlords of conspiring to drive up residential rents, violating federal and state antitrust laws and New Jersey consumer fraud laws. From a report: The complaint filed on Wednesday by state Attorney General Matthew Platkin said the defendants, including AvalonBay Communities illegally used RealPage's revenue management software and algorithms to inflate rents for apartments in multifamily properties

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