RealPage has forcefully denied that its revenue management proptech platform has enabled some of the largest property management firms to illegally share data and act as a "cartel" artificially inflating rents in violation of federal law.
The bombshell accusation—based on an investigation published last month by non-profit ProPublica—is the central charge of a class action antitrust lawsuit filed in the US District Court in San Diego on Oct. 18.
The federal class action, filed on behalf of renters in California and Washington state, names nine property management firms and accuses them of using RealPage's platform to illegally share "competitively sensitive information" with one another.
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