RealPage announced Friday, December 6 that the U.S. Department of Justice (DOJ) notified them that the DOJ was dropping its criminal investigation of RealPage for its multifamily rental housing pricing practices. The civil suits filed by the DOJ and the Attorneys General of several states appear to remain in place.
In a statement announcing the DOJ’s action, RealPage said, “RealPage extensively cooperated with the DOJ throughout its investigation, and we have remained steadfast in our belief that RealPage never violated the antitrust laws. Throughout its investigation, the DOJ never identified RealPage as a target of the investigation. We appreciate the DOJ’s recognition that its investigation merited closure.
“RealPage will continue to aggressively defend itself in the remaining, previously filed civil lawsuits, which we believe are wholly without merit. As we have explained, including on our dedicated website, RealPage’s revenue management software is purposely built to be legally compliant, enhances competition throughout the rental housing ecosystem and is highly configurable by our customers. RealPage revenue management customers always have total discretion to accept or reject pricing recommendations—and customers regularly exercise that discretion in practice.
“We remain unwavering in our belief that RealPage’s revenue management software benefits both housing providers and residents and that the remaining lawsuits are based on misinformation and baseless allegations.”
