RealPage

Blackstone Hiked Rent Prices At Double The Market Rate in San Diego, Allegedly Uses RealPage’s Rent Fixing Software: Report

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Blackstone Hiked Rent Prices At Double The Market Rate in San Diego, Allegedly Uses RealPage’s Rent Fixing Software: Report

RealPage is facing an investigation for colluding with homeowners using its proprietary software to abnormally hike rents nationwide. Expect Best/Pexels.com Blackstone is the largest alternative asset manager in the world, with over $1 trillion in assets under management. The recent “Helter Shelter: How Blackstone Contributes to and Profits from California’s Broken Housing System” report from … Read more

Is This Why Your Rent Is Skyrocketing? DOJ And 8 US States Sue RealPage For Alleged Price-Fixing Scheme

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Is This Why Your Rent Is Skyrocketing? DOJ And 8 US States Sue RealPage For Alleged Price-Fixing Scheme

US housing rents have jumped 19% to an average of $1,712 since 2019. While the rent increase was the least, at 1%, in the past year, renewed demand from renters could mount further upward pressure on rental pricing as new homes hit the tight real estate market. Furthermore, many potential first-time homebuyers are choosing to … Read more

DOJ Sues RealPage, Alleges Harm to Millions of Renters

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DOJ Sues RealPage, Alleges Harm to Millions of Renters

The U.S. Department of Justice (DOJ) sued RealPage on Friday after a two-year investigation that included an unannounced FBI raid of a national corporate landlord. The DOJ alleged that Richardson, Texas-based RealPage, which sells real estate software, decreased competition among landlords and artificially inflated rents for millions of tenants across the country. “We allege that … Read more