Tenants have filed class action lawsuits against RealPage and corporate landlords alleging price fixing through revenue management software. The DC Attorney General also filed a complaint against RealPage and 14 landlords, claiming they share competitive data through RealPage to artificially inflate rents. RealPage recommends prices for approximately 4.5 million housing units in the US through tools like YieldStar that optimize yield through prices, occupancy, and lease lengths.
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00:00 It's Benzinga and here's what's on the block.
00:02 Tenants have filed class-action lawsuits against RealPage and corporate landlords
00:06 alleging price-fixing through revenue management software. The D.C. Attorney General also filed a
00:10 complaint against RealPage and 14 landlords claiming they share competitive data through
00:14 RealPage to artificially inflate rents. RealPage recommends prices for approximately 4.5 billion
00:19 housing units in the U.S. through tools like YieldStar that optimize yield through prices,
00:23 occupancy, and lease lengths. Tenants argue RealPage facilitates a housing cartel by compelling
00:28 landlords to charge rents it recommends rather than make independent pricing decisions. RealPage
00:32 says landlords aren't obligated to follow its suggestion and it charges landlords fixed fees,
00:36 not commission. For all things money visit Benzinga.com