Press Releases
New Jersey AG Sues RealPage, 10 Corporate Landlords for Price Fixing
WASHINGTON, DC – Today, New Jersey Attorney General Matt Platkin filed a lawsuit against RealPage and 10 corporate landlords in New Jersey alleging that the companies abused algorithmic pricing schemes to raise prices against renters. The lawsuit follows a letter from Accountable.US to AG Platkin calling on him to investigate AvalonBay Communities, Inc—also named in the suit—after the company saw its profits soar while using RealPage algorithms.
As everyday costs continue to rise for Americans, it’s critical that elected officials step up and tackle price-gougers like RealPage, whose algorithm is set up to allow corporate landlords to push rental rates to historic highs. We applaud Attorney General Platkin for fighting for New Jersey renters and putting an end to this potentially illegal price-fixing scheme.”
