RealPage has been hit with a second federal class action lawsuit that accuses the proptech firm and a bevy of student housing operators of conspiring to "artificially inflate" the price of student housing in the US.
Gabriel Navarro, a University of Washington student, filed the lawsuit this month in the US District Court for the Western District of Washington in Seattle.
As in a class action antitrust suit filed in California in October by a group of renters, the Washington lawsuit accuses RealPage and several prominent rental property operators of illegally sharing competitive data on rents through RealPage's YieldStar revenue management platform and of colluding to raise rents.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
