📉Proposed Judgment Impacts RealPage's Pricing Strategies in Real Estate
United States of America et al. v. RealPage, Inc. et al. Proposed Final Judgment and Competitive Impact Statement
Summary
The Department of Justice has filed a proposed Final Judgment regarding the antitrust case against RealPage, Inc. and Greystar, prohibiting them from sharing competitively sensitive data and raising prices collectively. This judgment aims to restore competitive practices in the multifamily rental market, affecting pricing models and operational strategies for landlords reliant on RealPage's revenue management software.
Agencies
- Justice Department
- Antitrust Division
Business Impact
$$$ - High
The proposed Final Judgment in the antitrust case against RealPage, Inc. and Greystar has significant implications for landlords due to restrictions on data sharing and pricing strategies, which may compel changes in pricing models and competitive behaviors in the multifamily rental market. This can impact operational and financial strategies for landlords.