RealPage Federal Antitrust Class Action

In October 2022, Hausfeld LLP, Berger Montague PC, Lieff Cabraser Heimann & Bernstein, LLP, and Justice Catalyst Law, filed a federal antitrust class action against RealPage, Inc. (“RealPage”) and several of RealPage’s property management clients (the “Lessor Defendants”) (collectively, “Defendants”).

Plaintiffs allege that Lessors of rental units have coordinated to drive rents up to unprecedented levels, exacerbating the nation's affordable housing crisis.

The complaint asserts that Defendants, including those listed below, conspired to use RealPage’s so-called “revenue management” service to set rental prices and restrict the supply of available rental units in major metropolitan areas across the United States. Plaintiffs contend that by using this conspiracy to stifle competition, Defendants inflated rents to supra-competitive levels and unlawfully suppressed the supply of rental housing, injuring the plaintiffs and thousands of renters across the United States.

Defendant RealPage was a public company from 2010 until 2020, when it was purchased by private equity firm, Thoma Bravo, in a transaction that valued RealPage at approximately $10.2 billion. The Lessor Defendants are some of the largest owners and managers of rental real estate in the United States.

Counsel represents the plaintiffs who filed this suit, as well as a proposed class of similarly situated individuals who paid inflated prices for the rental of real estate from the Lessor Defendants and other clients of RealPage.

Who are the Lessor Defendants? 

The Lessor Defendants include:

  • Morgan Group, Inc
  • CWS Apartment Homes, LLC
  • FPI Management, Inc.
  • Allied Orion Group, LLC
  • Apartment Income REIT Corp., d/b/a Air Communities
  • Apartment Management Consultants, LLC
  • Avalonbay Communities, Inc.
  • Avenue5 Residential, LLC
  • Bell Partners, Inc.
  • BH Management Services, LLC
  • BH Management Services, LLC
  • Bozzuto Management Company
  • Brookfield Properties Multifamily LLC
  • Camden Property Trust; UDR, Inc.
  • CH Real Estate Services, LLC
  • CONAM Management Corporation
  • CONTI Texas Organization, Inc., d/b/a CONTI Capital
  • Cortland Management, LLC
  • Cortland Partners, LLC
  • Crow Holdings, LP
  • Cushman & Wakefield, Inc.
  • CWS Apartment Homes LLC
  • Dayrise Residential, LLC
  • ECI Group, Inc.
  • Equity Residential
  • Essex Property Trust, Inc.
  • First Communities Management, Inc.
  • FPI Management, Inc.
  • Greystar Management Services, LLC
  • Greystar Real Estate Partners, LLC
  • Highmark Residential, LLC
  • Independence Realty Trust, Inc.
  • Kairoi Management, LLC
  • Knightvest Residential
  • Lantower Luxury Living, LLC
  • Lincoln Property Co.
  • Mid-America Apartment Communities, Inc.
  • Mid-America Apartments, L.P.
  • Mission Rock Residential, LLC
  • Morgan Properties, LLC
  • Pinnacle Property Management Services, LLC
  • Prometheus Real Estate Group, Inc.
  • Property Trust
  • Related Management Company L.P.
  • Rose Associates, Inc.
  • RPM Living, LLC
  • Sares Regis Group Operating, Inc.
  • Security Properties Inc.
  • Security Properties Residential, LLC
  • Sherman Associates, Inc.
  • Simpson Property Group, LLC; UDR, Inc.
  • The Irvine Company, LLC
  • The Related Companies, L.P.
  • Thrive Communities Management, LLC
  • Trammell Crow Residential Company
  • Windsor Property Management Company
  • Winn Companies LLC
  • Winn Residential Manager Corp.
  • ZRS Management, LLC

Have you been affected?

Hausfeld is directing its resources, knowledge, and experience to assist individuals who may have been impacted by Defendants’ rental housing cartel at any time between October 2018 and the present. If you reside in a building that is managed by one of the Lessor Defendants or another property management company that utilizes RealPage’s “revenue management” service to set rental prices, and would like to learn more, please contact Hausfeld at RealPage@hausfeld.com, or complete the form below, so we can further investigate your potential claim.

HAVE YOU BEEN AFFECTED?

Please do not include any confidential information when contacting the related lawyers or submitting this form. No lawyer-client relationship is formed unless and until an engagement agreement is signed.

Please email a copy of your current lease agreement to Hausfeld at RealPage@hausfeld.com. When sending your lease agreement, please redact any sensitive information (e.g., social security number) before sending. 

First name
Do you have a lease agreement? Do you have a lease agreement?

Please email a copy of your current lease agreement to Hausfeld associate Shayla Harris (sharris@hausfeld.com).  When sending your lease agreement, please redact any sensitive information (e.g., social security number) before sending.