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In a complaint filed by the Justice Department last week, antitrust enforcers said RealPage’s software, which helps landlords set rental unit pricing, has effectively raised prices on renters illegally. RealPage is a top software provider to the multifamily rental industry.
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“RealPage has built a business out of frustrating the natural forces of competition,” according to the lawsuit, which cites allegedly anticompetitive remarks by company executives. “A rising tide raises all ships” is more than a marketing mantra, the government said.
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