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RealPage Reaches Settlement With DOJ Over Rental Pricing Software

By  |  November 25, 2025

Real estate technology firm RealPage has reached a proposed court settlement with the U.S. Department of Justice concerning how its software was used in the multifamily rental market. Both parties announced the agreement on Nov. 24.

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    According to a statement from the DOJ, the settlement would bar RealPage from using competitors’ nonpublic data to help determine rental prices. Per a statement from federal officials, the company must also cease using active lease information to train its pricing algorithms, restrict the use of geographic modeling to no narrower than the state level, and eliminate features that prevent price reductions. Additional requirements include halting market surveys that gather competitively sensitive information, avoiding discussions of market trends based on confidential data, cooperating with ongoing DOJ litigation against property management firms that used its tools, and submitting to oversight by a court-appointed monitor.

    RealPage said the agreement “provides resolution and clarity” for customers and emphasized that its software can operate in compliance with federal antitrust expectations. The company noted that the settlement does not impose financial penalties or damages and contains no “findings or admissions of wrongdoing.”

    Read more: Lawmakers Introduce Legislation to Block Collusive Rental Pricing Software

    “We are pleased to have reached this agreement with the DOJ, which brings the clarity and stability we have long sought and allows us to move forward with a continued focus on innovation and the shared goal of better outcomes for both housing providers and renters,” RealPage President and CEO Dirk Wakeham said.

    The settlement follows a DOJ lawsuit first filed against RealPage in August 2024, later expanded to include LivCor, Camden, Cushman, Willow Bridge, and Cortland after several state attorneys general joined the case. According to a statement at the time of the amended complaint, federal officials alleged that companies “shared sensitive information about rental prices and used algorithms to coordinate to keep the price of rent high.”

    About three months ago, the DOJ reached a separate settlement with Greystar, one of the property management companies that had used RealPage’s software.

    Related: Real Estate News