DOJ sues software firm RealPage for allegedly helping landlords collude to keep rents high

- RealPage, Inc. is an American multinational corporation that provides property management software for the multifamily, commercial, single-family, and vacation rental housing. - The U.S. Department of Justice has filed a lawsuit against RealPage, accusing the software company of helping landlords collude to keep rents high. - RealPage allegedly allows landlords to manipulate market forces, creating a monopoly that harms millions of renters, according to the DOJ. - Attorney General Merrick Garland stated, 'Everybody knows the rent is too damn high, and we allege this is one of the reasons why.' - The lawsuit is supported by attorneys general from eight states and follows a nearly two-year investigation. - RealPage, owned by Thoma Bravo, denies the allegations and calls the lawsuit a 'distraction' from real economic issues. Source: [CNBC](https://www.cnbc.com/2024/08/23/doj-realpage-landlord-rent-collusion-antitrust.html)