RealPage Platform Pushes New York Metro Rents Higher Antitrust Complaint

November 18, 2022

The New York metro area has for a long time been one of the most expensive rental markets in the country. Yet the complaint for this class action alleges that a group of owners and operators of multifamily units in this market, along with software platform RealPage, have conspired to push prices even higher. It claims that RealPage’s YieldStar software allows the companies to track their competitors’ rents and to end price competition among them, in violation of the antitrust Sherman Act.