Federal prosecutors have taken action against RealPage and several landlords in New Jersey, alleging they colluded to inflate rents using sophisticated software. The New Jersey Attorney General claims this partnership, involving companies like AvalonBay and Greystar, exploited renters by coordinating pricing strategies and avoiding competition, causing significant harm to tenants. The complaint draws parallels to other lawsuits and suggests violations of the Sherman Act and New Jersey's antitrust laws. Authorities believe RealPage's algorithms inherently limit competition and facilitate unlawful practices between landlords.
The defendants unlawfully lined their pockets at the expense of New Jersey renters struggling to pay increasingly unlivable price levels imposed by this cartel.
RealPage's automated pricing software is anticompetitive by design, restricting price reductions and enforcing compliance through various monitoring tools.
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