R
ealPage has reached a settlement with the U.S. Department of Justice over its multifamily rental‑housing software, announced on Nov. 24. The deal imposes no fines or damages on the company, but it requires several operational changes.
Under the agreement, RealPage must:
* Stop using competitors’ confidential data to set rental rates.
* Cease employing active lease information for training its predictive models.
* Refrain from using geographic models finer than the state level.
* Remove or redesign any features that cap price reductions.
* Halt market‑survey activities that gather competitively sensitive data.
* Avoid discussing market trends or analyses derived from nonpublic information.
* Cooperate with the DOJ’s lawsuit against property‑management firms that use its software.
* Accept a court‑appointed monitor to oversee compliance.
RealPage’s statement emphasized that the settlement “provides resolution and clarity” for its customers and that the software can continue to operate in line with federal antitrust expectations. The company stressed that the agreement contains no financial penalties, no findings of wrongdoing, and no admissions of misconduct. CEO Dirk Wakeham said the deal offers the stability needed to keep focusing on innovation and improving outcomes for both housing providers and renters.
The DOJ first sued RealPage in August 2024. Five months later, the complaint was amended to include LivCor, Camden, Cushman, Willow Bridge, and Cortland, with several state attorneys general joining. The lawsuit alleged that these rental firms shared sensitive pricing data and used algorithms to coordinate high rents. The DOJ also settled with Greystar, one of the firms that uses RealPage’s software, about three months ago.
