The state of New Jersey has filed a lawsuit against several landlords and RealPage, accusing them of unlawfully profiting from rising rental prices that contribute to the state's affordable housing crisis. Attorney General Platkin highlighted the unjust nature of the defendants' practices, claiming they acted amiss while evoking the term 'cartel' to describe the landlords' coordinated efforts through RealPage's YieldStar software. This lawsuit follows a similar complaint by the DOJ, showing a broader pattern of litigation against RealPage amid growing concerns over unlivable housing costs.
Platkin stated that the defendants unlawfully profited at the expense of struggling New Jersey renters, exacerbating the state's housing crisis and infringing on their right to shelter.
RealPage's YieldStar software is at the center of allegations, enforcing strict adherence to generated rent prices and facilitating price-fixing among landlords.
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