DOJ Antitrust Case Against RealPage, Inc. and Others for Price-Fixing
Summary
The Department of Justice has filed an antitrust case against RealPage, Inc., Greystar Management Services, LLC, and other property management companies for alleged price-fixing. The case, initiated on August 23, 2024, involves alleged violations of collusion and other antitrust laws.
What changed
The Department of Justice, through its Antitrust Division, has initiated a civil antitrust case (Case No. [specific case number not provided, but docketed August 23, 2024]) against RealPage, Inc., Greystar Management Services, LLC, and several other property management companies. The core allegations revolve around collusion and price-fixing in the rental housing market, with violations cited including conspiracy to restrain trade. The case involves multiple filings, including complaints, proposed final judgments, and responses to motions, indicating ongoing litigation.
This enforcement action signifies a significant move by the DOJ to address alleged anticompetitive practices in the real estate technology and property management sectors. Companies operating in this space, particularly those involved with rental software or managing multiple properties, should review their pricing strategies and any agreements that could be construed as collusive. While specific penalties are not detailed in the initial filings, antitrust violations can lead to substantial fines and injunctive relief. Compliance officers should monitor the case's progression, especially the proposed final judgments, for potential implications on industry practices and contractual obligations.
Source document (simplified)
Case
U.S. and Plaintiff States v. RealPage, Inc.
Share Response of Plaintiff United States to Public Comments on the Proposed Final Judgment [Greystar Management Services, LLC] (February 4, 2026)
- Exhibit 1- The AB Comment [Greystar Management Services, LLC] (February 4, 2026)
- Exhibit 2- The DMP Comments [Greystar Management Services, LLC] [REDACTED] (February 4, 2026)
- Exhibit 4- The JP Comment [Greystar Management Services, LLC] [REDACTED] (February 4, 2026)
- Exhibit 5- The JP Supplemental Comment [Greystar Management Services, LLC] [REDACTED] (February 4, 2026) United States' Explanation of Procedures Under the Antitrust Procedures and Penalties Act [LivCor LLC] (December 23, 2025)
Stipulation and Order [LivCor LLC] (December 23, 2025)
- Proposed Final Judgment [LivCor LLC] (December 23, 2025) United States' Explanation of Procedures Under the Antitrust Procedures and Penalties Act [RealPage, Inc.] (November 24, 2025)
Competitive Impact Statement [RealPage, Inc.] (November 24, 2025)
Stipulation and Order [RealPage, Inc.] (November 24, 2025)
- Proposed Final Judgment [RealPage, Inc.] (November 24, 2025) Competitive Impact Statement [Greystar Management Services, LLC] (August 25, 2025)
United States' Explanation of Procedures Under the Antitrust Procedures and Penalties Act [Greystar Management Services, LLC] (August 8, 2025)
Stipulation and Order [Greystar Management Services, LLC] (August 8, 2025)
Proposed Final Judgment [Greystar Management Services, LLC] (August 8, 2025)
Response of Plaintiff United States to Public Comment on the Proposed Final Judgment (May 1, 2025)Exhibit 1 Comments of Center for Democracy & Technology (May 1, 2025)
Plaintiffs' Response in Opposition to Defendant RealPage's Motion to Dismiss (February 25, 2025)
Competitive Impact Statement (January 23, 2025)
United States' Explanation of Procedures Under the Antitrust Procedures and Penalties Act [Cortland Management, LLC] (January 7, 2025)
Stipulation and Order [Cortland Management, LLC] (January 7, 2025)
- Proposed Final Judgment [Cortland Management, LLC] (January 7, 2025) Plaintiffs' Opposition to Defendant's Motion to Dismiss (January 7, 2025)
Amended Complaint (January 7, 2025)
[CORRECTED] Plaintiffs' Opposition to Defendant's Motion to Transfer (October 17, 2024)
Case Management Order (October 17, 2024)
Complaint (August 23, 2024)
Case Open Date
August 23, 2024
Case Name United States and State of North Carolina; State of California; State of Colorado; State of Connecticut; State of Minnesota; State of Oregon; State of Tennessee and State of Washington v. RealPage, Inc. Case Type Civil Non Merger Case Violation(s)
- Collusion
- Agreements Not to Compete
Industry Code(s)
- Data Processing, Hosting, and Related Services
- Other Computer Related Services
Component Antitrust Division Case Documents Response of Plaintiff United States to Public Comments on the Proposed Final Judgment [Greystar Management Services, LLC] [PDF, 263 KB ] Exhibit 1- The AB Comment [Greystar Management Services, LLC] [PDF, 159 KB ] Exhibit 2- The DMP Comments [Greystar Management Services, LLC] [REDACTED] [PDF, 504 KB ] Exhibit 4- The JP Comment [Greystar Management Services, LLC] [REDACTED] [PDF, 7 MB ] Exhibit 5- The JP Supplemental Comment [Greystar Management Services, LLC] [REDACTED] [PDF, 6 MB ] United States' Explanation of Procedures Under the Antitrust Procedures and Penalties Act [LivCor LLC] [PDF, 77 KB ] Stipulation and Order [LivCor LLC] [PDF, 1 MB ] Proposed Final Judgment [LivCor LLC] [PDF, 451 KB ] United States' Explanation of Procedures Under the Antitrust Procedures and Penalties Act [RealPage, Inc.] [PDF, 155 KB ] Competitive Impact Statement [RealPage, Inc.] [PDF, 246 KB ] Stipulation and Order [RealPage, Inc.] [PDF, 166 KB ] Proposed Final Judgment [RealPage, Inc.] [PDF, 231 KB ] Competitive Impact Statement [Greystar Management Services, LLC] [PDF, 202 KB ] United States' Explanation of Procedures Under the Antitrust Procedures and Penalties Act [Greystar Management Services, LLC] [PDF, 103 KB ] Stipulation and Order [Greystar Management Services, LLC] [PDF, 163 KB ] Proposed Final Judgment [Greystar Management Services, LLC] [PDF, 227 KB ] Response of Plaintiff United States to Public Comment on the Proposed Final Judgment [PDF, 256 KB ] Exhibit 1 Comments of Center for Democracy & Technology [PDF, 357 KB ] Plaintiffs' Response in Opposition to Defendant RealPage's Motion to Dismiss [PDF, 456 KB ] Competitive Impact Statement [PDF, 336 KB ] Amended Complaint [PDF, 1 MB ] Plaintiffs' Opposition to Defendant's Motion to Dismiss [PDF, 144 KB ] Stipulation and Order [Cortland Management, LLC] [PDF, 423 KB ] Proposed Final Judgment [Cortland Management, LLC] [PDF, 211 KB ] United States' Explanation of Procedures Under the Antitrust Procedures and Penalties Act [Cortland Management, LLC] [PDF, 128 KB ] [CORRECTED] Plaintiffs' Opposition to Defendant's Motion to Transfer [PDF, 257 KB ] Case Management Order [PDF, 275 KB ] Complaint [PDF, 1 MB ] Updated February 4, 2026
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