RealPage®, a leading global provider of AI-powered software solutions for the real estate sector, announced today that the U.S. Department of Justice (DOJ) Antitrust Division has officially closed its criminal investigation into pricing practices in the multifamily rental housing market.
Throughout the course of the investigation, RealPage fully cooperated with the DOJ, maintaining its unwavering belief that it had not violated any antitrust laws. Importantly, at no point during the investigation was RealPage identified as a target. The company expressed gratitude for the DOJ’s decision to conclude its inquiry, viewing the closure as a recognition of the lack of merit in the case.
Commitment to Defending Against Civil Lawsuits
While the DOJ investigation has ended, RealPage is still defending itself against a series of previously filed civil lawsuits, which the company asserts are entirely without merit. RealPage stands firmly behind the integrity of its revenue management software, emphasizing its design for legal compliance and its role in fostering competition within the rental housing industry.
According to RealPage, the platform is highly configurable, giving customers complete control to accept or reject the pricing recommendations it provides. This flexibility is frequently utilized by customers in practice, ensuring that final pricing decisions remain in their hands.
The company reiterated its commitment to aggressively defending itself against the civil suits, which it argues are based on misinformation and unfounded allegations.
RealPage’s Role in the Rental Housing Ecosystem
RealPage continues to emphasize the benefits of its revenue management solutions, both for housing providers and residents. The software enables property owners and operators to improve efficiency and make data-driven decisions, contributing to a more competitive and transparent rental market.
The company remains confident in the value its tools bring to the rental housing ecosystem and is determined to clear its name of all allegations.
About RealPage, Inc.
RealPage is a global leader in AI-driven software solutions for the real estate industry. The company provides a comprehensive platform that helps property owners, operators, and investors enhance operational excellence, gain asset performance insights, and deliver improved resident experiences.
Founded in 1998 and headquartered in Richardson, Texas, RealPage serves more than 24 million rental units across North America, Europe, and Asia. The company became part of Thoma Bravo’s portfolio in 2021, accelerating its growth and innovation initiatives.
RealPage has received numerous accolades for its commitment to excellence and workplace culture. The company was recognized as ENERGY STAR® Partner of the Year for Sustained Excellence from 2021 to 2024, and it earned recognition from Forbes and Newsweek as one of America’s Best Employers and Greatest Workplaces for Women in 2024.
Certified as a Great Place to Work™ in India, the Philippines, the UK, and the U.S., RealPage continues to focus on innovation, customer satisfaction, and advancing sustainability in the real estate industry.
ering legally compliant, innovative solutions that benefit all stakeholders in the rental housing market.
