RealPage Hit With North Carolina Antitrust Probe Over Rent Costs

North Carolina’s attorney general is investigating whether software company RealPage Inc.'s use of private data violates antitrust laws, allowing property managers to artificially raise rents.

Attorney General Josh Stein (D) announced the investigation on Monday as part of a broader effort to protect homeowners and renters in North Carolina. The state-level probe comes amid an onslaught of private and state antitrust lawsuits accusing RealPage of leveraging its revenue-management algorithm to collude with landlords and raise costs for renters across the US.

“Housing is already too expensive for so many North Carolinians,” Stein said. “Companies cannot collude to illegally raise rents ...