Six Landlords, Including Camden Property Trust, Named in DOJ Lawsuit

WASHINGTON, DC — Today, the Department of Justice amended its lawsuit against the rent-pricing algorithm RealPage to include six of the largest corporate landlords, alleging the companies abused algorithmic pricing schemes to raise prices against renters.

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Corporate landlords like Camden Property Trust, one of the landlord companies included in today’s complaint, have reaped hundreds of millions in profits while using RealPage’s algorithm, and that’s just the tip of the iceberg. We know that pricing algorithms like RealPage’s are allowing corporate landlords to prioritize greed over affordable rental prices across the country. The Biden administration is taking a critical step to make sure no one is price-gouged under a questionable rent fixing scheme.”

Accountable.US Executive Director Tony Carrk

Last year, Accountable.US hosted a press conference with U.S. Senator Elizabeth Warren (D-MA) and former Biden administration Deputy Director for the National Economic Council Bharat Ramamurti to discuss profiteering and tactics of large corporate landlords. On the call, Accountable.US presented a new report finding the six largest publicly traded apartment companies—all of which have faced lawsuits related to their use of RealPage—brought in nearly $300 million combined in increased profits in Q1 2024, many from rent hikes.

Government watchdog Accountable.US sent two rounds of letters to state Attorneys General nationwide, urging investigations into landlord companies with ties to RealPage.

A new analysis from the White House Council of Economic Advisers revealed in December that pricing algorithms added $3.8 billion to rental costs in 2023. The company behind these algorithms, RealPage, has faced criticism for allegedly manipulating the rental market to inflate prices.

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Accountable.US Executive Director Tony Carrk

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