"We allege that RealPage's pricing algorithm enables landlords to share confidential, competitively sensitive information and align their rents," attorney general Merrick B. Garland stated in a press release.
"As Americans struggle to afford housing, RealPage is making it easier for landlords to coordinate to increase rents," assistant attorney general Jonathan Kanter of the Justice Department's Antitrust Division stated.
"RealPage signed contracts with landlords who would otherwise be competitors and collected sensitive, detailed information about rent prices, lease terms, amenities and occupancy rates."
"The DOJ also accused the company of ensuring landlords accepted its recommendations by sending out pricing advisors to meet with them for 'accountability conversations' and adding an 'auto accept' feature so landlords would automatically approve price increases."
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