The Justice Department's imminent antitrust lawsuit against RealPage seeks to hold the real estate software company accountable for allegedly enabling landlords to collude on rent hikes, undermining market competition.
RealPage's YieldStar product is at the center of the government’s antitrust case, as it allows landlords to share confidential information, leading to suggested rent prices significantly above what might exist without the software's influence.
Officials express that the lawsuit is part of a broader effort to regulate technology use in real estate, pointing to prior actions against major tech firms for monopolistic behavior harming consumers.
RealPage has advertised YieldStar as a means for landlords to achieve higher rental income, positioning it as a competitive edge, amidst concerns that it contributes to artificially inflated rents.
Collection
[
|
...
]