RealPage Federal Antitrust Class Action
Hausfeld LLP has been appointed co-lead counsel in a federal antitrust class action representing renters of residential units nationwide against RealPage, Inc. (“RealPage”) and several of RealPage’s property management clients (the “Property Defendants”) (collectively, “Defendants”).
Pending settlements
On October 1, 2025, Plaintiffs in In re RealPage Inc. Rental Software Antitrust Litigation (II) filed for preliminary approval of 26 settlements with 27 Defendants. The settlements provide for $141,800,000.00 in monetary relief, as well as significant cooperation and injunctive relief. Plaintiffs are also seeking certification of the following class, for settlement purposes:
All persons and entities in the United States and its territories who paid rent on at least one multifamily residential real estate lease directly to any Owner, Managing Defendant, and/or Owner-Operator participating in RealPage’s Revenue Management Solutions, including its pricing software and/or lease renewal staggering software programs, or to a division, subsidiary, predecessor, principal, agent, or affiliate of any such Owner, Managing Defendant, and/or Owner-Operator at any time during the Class Period.
Plaintiffs’ motion for preliminary approval is pending. The claims process is not yet open. At a later date, Plaintiffs will submit a proposal to the Court for providing notice of the settlements to the class as well as a plan for distributing the settlements to eligible class members. The claims process will open after Plaintiffs submit a notice plan and a plan of distribution and both are approved by the Court.
If you would like to receive updates, please fill out the form below and provide your email address. Once a settlement website is established, we will share that information with you through the email address provided, where you will be able to receive more regular updates on the settlement approval process.
FN1: For all Settling Defendants except for Apartment Income REIT LLC (“AIR”) and Pinnacle Property Management Services, LLC (“Pinnacle”), the Class Period is October 18, 2018 through the date of entry of a Preliminary Approval Order. For AIR, the Class Period is October 18, 2018 through August 12, 2024. For Pinnacle, the Class Period is October 18, 2018 through August 13, 2024.
Settlement Filings Attached Here
About the case
Plaintiffs allege that Defendants 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 AI-driven “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.
On December 28, 2023, Plaintiffs defeated Defendants' motion to dismiss the complaint and are now engaged in discovery. The multidistrict litigation is pending before Judge Crenshaw in the Middle District of Tennessee.
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 Property Defendants and other clients of RealPage.
Who are the Property Defendants?
The Property Defendants include:
| Allied Orion Group, LLC Apartment Income REIT Corp., d/b/a AIR Communities Apartment Management Consultants, LLC Avenue5 Residential, LLC Bell Partners, Inc. BH Management Services, LLC Bozzuto Management Company Brookfield Properties Multifamily LLC Camden Property Trust 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 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 Highmark Residential, LLC Independence Realty Trust, Inc. |
Kairoi Management, LLC Knightvest Residential Lantower Luxury Living, LLC Lincoln Property Co. Mid-America Communities, Inc. Mid-America Apartments, L.P. Mission Rock Residential, LLC Morgan Properties Management Co., LLC Pinnacle Property Management Services, LLC Prometheus Real Estate Group, Inc. Related Management Company L.P. Rose Associates, Inc. RPM Living, LLC Sares Regis Group Commercial, Inc. Security Properties Residential, LLC Sherman Associates, Inc. Simpson Property Group, LLC The Related Companies, L.P. Thrive Communities Management, LLC Trammell Crow Residential Company UDR, Inc. Windsor Property Management Company WinnCompanies 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 Property Defendants or another property management company that utilizes RealPage’s “revenue management” services or software 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.