Business ProfileforRealPage, Inc.
Additional business information
On February 28, 2024, the Arizona Attorney General announced a lawsuit against RealPage, Inc. and nine major residential apartment landlords operating in Arizona for conspiring to illegally raise rents for hundreds of thousands of Arizona renters in the Phoenix and Tucson metro area.
The State’s lawsuit alleges RealPage’s revenue management software works by compiling competitively sensitive data on pricing and occupancy from competitors in the market for multifamily apartment leases and then directing the competitors who have entered the conspiracy on which units to rent and at what price.
The Attorney General’s lawsuit specifically alleges that:
- The defendant landlords illegally colluded with RealPage to artificially raise rents and concealed their conspiracy from the public. By providing highly detailed, sensitive, non-public leasing data with RealPage, the defendant landlords departed from normal competitive behavior and engaged in a price-fixing conspiracy. RealPage then used its revenue management algorithm to illegally set prices for all participants.
- RealPage’s conspiracy with the landlord co-defendants violate both the Arizona Uniform State Antitrust Act and the Arizona Consumer Fraud Act. Arizona’s antitrust law prohibits conspiracies in restraint of trade and attempts to establish monopolies to control or fix prices. The State’s consumer fraud statute makes it unlawful for companies to engage in deceptive or unfair acts or practices or to conceal or suppress material facts in connection with a sale, in this case apartment leases.
- The illegal practices of the defendants led to artificially inflated rental prices and caused Phoenix and Tucson-area residents to pay millions of dollars more in rent. Defendants conspired to enrich themselves during a period when inflation was at historic highs and Arizona renters struggled to keep up with massive rent increases.
The matter is pending. To view the Press Release go to: https://www.azag.gov/press-release/attorney-general-mayes-sues-realpage-and-residential-landlords-illegal-price-fixing
At-a-glance
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Business Details
- Location of This Business
- 2201 Lakeside Blvd, Richardson, TX 75082-4305
- BBB File Opened:
- 7/1/1999
- Years in Business:
- 44
- Business Started:
- 1/1/1980
- Business Started Locally:
- 1/1/1980
- Type of Entity:
- Corporation
- Alternate Business Name
- MyNewPlace
- Propertyware
- LeaseStar
- Hours of Operation
Primary
- M:
- 8:00 AM - 5:00 PM
- Business Management
- Ms. Chinenye Kanu
- Contact Information
Principal
- Ms. Chinenye Kanu
Customer Contact
- Kurtis Hutsell, Director of Compliance
- Anna Kulik
- Ms. Chinenye Kanu
- Additional Contact Information
Phone Numbers
- (972) 810-5386Other Phone
- (972) 820-4889Other Phone
- (972) 810-5386
Customer Complaints
206 Customer Complaints
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File a ComplaintMost Recent Customer Complaint
08/28/2024
- Complaint Type:
- Billing Issues
- Status:
- Answered
Customer Reviews
29 Customer Reviews
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Most Recent Customer Review
Raul P
1 star09/03/2024
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