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Real Estate/Development,
Antitrust & Trade Reg.

Aug. 30, 2024

Antitrust, housing lawyers doubt RealPage's algorithm defense

"I don't think it's a powerful argument to say landlords didn't have to take the algorithm's suggestions because everyone took it," commented Abiel Garcia, a partner at antitrust firm Kesselman Brantly & Stockinger LLP in Manhattan Beach. "The question then becomes: Why did they take it? Did they understand what was happening?" 

Property management conglomerate RealPage Inc., the U.S. Department of Justice's latest target in its crackdown on alleged price-fixing monopolists, has insisted that the company's algorithmic software plays fair in the rental market. Antitrust and housing lawyers say this defense may not hold up in court. 

RealPage manages millions of rental properties and uses a software called YieldStar, which the company says provides price recommendations that landlords are free to re...

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