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Nevada AG’s Office Aware of RealPage Amid Price-Fixing Allegations

By  |  August 5, 2024

The Nevada Attorney General’s Office acknowledged that the real estate tech firm RealPage, which has been accused of price-fixing rents in various states, is on its “radar.” However, the office did not confirm if it is investigating corporate landlords using the software, according to This is Reno.

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    RealPage came under scrutiny following a 2022 investigation by ProPublica. The report revealed that RealPage’s rental pricing software uses algorithms to gather lease transaction data and advertised rates, effectively determining the highest rent an apartment applicant is willing to pay, and then setting that price. This has led to over 30 lawsuits nationwide alleging that RealPage has collaborated with corporate landlords to inflate rent prices, per Stateline.

    Since 2023, Accountable.US, a center-left watchdog group, has sent letters to nine attorney general offices across the country, warning of potential price-fixing in their rental markets. Nevada was not included in these warnings. However, the group noted in an email to Nevada Current that of the six publicly traded property management companies linked to RealPage, one was Mid-America Apartments, which manages 721 units in Nevada.

    Related: San Francisco First in Nation to Ban AI Rent Price-Fixing Software

    ProPublica’s investigation also highlighted Greystar, one of the nation’s largest property management firms, which manages 44 apartment complexes in Southern Nevada and five in the Reno area.

    Alicinia Whiters, spokeswoman for the Nevada Attorney General’s office, confirmed awareness of RealPage but couldn’t provide additional details on the office’s response to the price-fixing allegations.

    Source: This is Reno.