Maryland Attorney General Anthony Brown accuses RealPage, a property management software company, and six residential landlords of working together to illegally raise rent, according to a lawsuit filed on Wednesday.
According to an analysis by KUT, these companies own and manage at least 52,715 rental homes in the Austin metro. That accounts for roughly 13% of all multifamily homes.
Maryland is suing a real estate technology company and six of the largest landlords in the state for colluding to jack up prices on renters.
A recently filed lawsuit by the state of Maryland claims that RealPage and eight of the largest residential landlords in Maryland colluded to illegally raise rents for thousands of Maryland residents.
Amended Complaints from DOJ, DC AG Reveal Enforcers' Views of Limits on Permissible Use of Pricing Software - The new year
The lawsuit alleges eight of the state's largest landlords shared competitive information to inflate rent prices.
The amended complaint alleges RealPage coordinated with big landlord companies in an unlawful scheme to decrease competition among landlords and force tenants to pay higher rents for apartment housing.
In August 2024, the Department of Justice (DOJ) and eight states filed a civil antitrust lawsuit against RealPage Inc., alleging that its software
Maryland Attorney General Anthony Brown filed a lawsuit accusing RealPage Inc. and six landlords operating in Maryland of colluding to raise rents in violation of the state’s antitrust law.
Greystar, Blackstone, Camden Property Trust and Cushman & Wakefield are among the firms added to the suit that alleges RealPage enabled landlords to fix rents.
Last week, the Department of Justice added six large landlords to an ongoing antitrust lawsuit, alleging that they used software to illegally fix rents by sharing pricing information among competitors.
Maryland Attorney General Anthony Brown is suing a real estate technology company and six of the largest landlords in the state for allegedly colluding to jack