The state of Oregon has joined a nationwide antitrust lawsuit against RealPage, a company that provides property management software and services. The lawsuit, filed by the US Department of Justice, alleges that RealPage engaged in anti-competitive behavior to maintain a monopoly in the rental market industry.
The lawsuit claims that RealPage used its dominant position in the market to stifle competition, prevent rivals from entering the market, and drive up prices for consumers. Oregon Attorney General Ellen Rosenblum stated in a press release that the state is joining the lawsuit to protect consumers and ensure fair competition in the market.
RealPage is one of the largest providers of property management software in the US, with millions of units under management. The company’s software is used by landlords, property managers, and real estate investors to manage rental properties, handle payments, and screen tenants. The DOJ’s lawsuit alleges that RealPage’s anti-competitive practices have harmed consumers, property owners, and small businesses in the rental market industry.
The addition of Oregon to the antitrust lawsuit signals a growing coalition of states and the federal government taking action against RealPage’s alleged anti-competitive behavior. Other states that have joined the lawsuit include Colorado, North Carolina, and Texas.
RealPage has denied the allegations and stated that it will vigorously defend itself against the lawsuit. The company’s CEO has expressed confidence in RealPage’s practices and stated that the company is committed to providing innovative solutions for the rental market industry.
The outcome of the lawsuit could have significant implications for the rental market industry and consumers across the country. The DOJ’s efforts to hold RealPage accountable for anti-competitive behavior reflect a broader push to promote fair competition and protect consumers in the digital economy.
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