RealPage Set to Face Antitrust Suit Alleging Rental Price-Fixing

RealPage Inc. will face an antitrust suit accusing it of conspiring with landlords to raise rents across the nation after a federal judge denied the revenue-management software company’s bid to dismiss the case.

The most persuasive evidence of an unlawful agreement presented by renter plaintiffs is the fact that each landlord defendant provided RealPage with proprietary commercial data, “knowing that RealPage would require the same from its horizontal competitors and use all of that data to recommend rental prices to its competitors,” Judge Waverly Crenshaw of the US District Court for the Middle District of Tennessee said in a Dec. ...