Biden DOJ Sues RealPage for Algorithmic Rent Price-Fixing

The Department of Justice, joined by eight state attorneys general, filed an antitrust lawsuit against RealPage Inc. alleging the software company's algorithmic pricing tools enabled landlords across the country to coordinate rent increases in violation of federal antitrust law. The suit alleged RealPage's YieldStar platform processed competitors' confidential pricing data to suggest above-market rents, affecting millions of renters nationwide.