In a significant expansion of its antitrust lawsuit against RealPage, the U.S. Department of Justice has added six major apartment landlords as defendants, alleging their involvement in a widespread scheme to artificially inflate rents across the nation.
The amended civil complaint, filed on Tuesday, accuses these firms of using RealPage's rent-pricing algorithm to engage in illegal price fixing, potentially affecting millions of renters across the United States.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
