RealPage Reaches Settlement With Nevada in Rent Collusion Case

RealPage Inc. inked a deal with the state of Nevada to head off a lawsuit claiming that its AI-powered software enables apartment managers to collude on rent prices.

Under the deal announced Sept. 19, Real Page will pay $200,000 to fund rental assistance and related programs in Nevada; maintain an antitrust compliance program with training for revenue management personnel; and accept restrictions on how it can use nonpublic data.

The settlement came the same day that the state sued RealPage, the target of multiple antitrust cases across the country, including multidistrict litigation in Tennessee as well a suit by the ...