R
eal Estate News/ShutterstockThe property management software firm, RealPage, has announced that the Department of Justice (DOJ) has closed its investigation into multifamily rental pricing practices without identifying the company as a target. RealPage claims it cooperated fully with the DOJ and maintains its innocence in violating antitrust laws. The company stated that it will continue to defend itself against "baseless allegations" made by eight states and the DOJ, which filed a civil suit in August alleging that RealPage's pricing algorithm distorts competition to the detriment of renters.

    The DOJ has been scrutinizing the real estate industry, including cases involving buyer agent commissions, data sharing, and Zillow. Industry experts expect the DOJ's efforts to be curtailed in 2025. Meanwhile, RealPage is still facing civil litigation, which it has requested be dismissed due to a lack of evidence that the company is a monopolist. The firm asserts that its revenue management software benefits both housing providers and residents, and that the remaining lawsuits are based on misinformation.