RealPage
American property software corporation
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May 2025 | Colorado state legislature passed a bill banning algorithmic price setting of rents, which was subsequently vetoed by Governor Jared Polis. |
August 2024 | Department of Justice and Attorneys General of eight states filed a civil antitrust lawsuit against RealPage, alleging an unlawful scheme to decrease competition in the rental market. |
August 2024 | San Francisco banned algorithmic rent pricing by RealPage, marking a significant regulatory action against the company's rental pricing software. |
January 2024 | US Senators Ron Wyden and Peter Welch introduced the Preventing the Algorithmic Facilitation of Rental Housing Cartels Act of 2024, which would ban coordination of rental housing price information. |
December 2023 | Chief US District Judge Waverly Crenshaw denied RealPage's motion to dismiss the consolidated lawsuits. |
November 2023 | District of Columbia Attorney General Brian Schwalb filed an antitrust price-fixing lawsuit against RealPage and multiple large apartment landlords, alleging illegal conspiracy to set artificially high rental prices. |
November 2023 | US Justice Department filed a 'statement of interest' supporting the lawsuits against RealPage, arguing that shared data and algorithms should be condemned as price-fixing. |
April 2023 | Over 20 private civil antitrust lawsuits against RealPage were consolidated in federal court in Nashville, Tennessee, alleging illegal price conspiracy. |
November 2022 | US Department of Justice's Antitrust Division opened an investigation into RealPage for potentially contributing to higher rent prices through its YieldStar software. |
October 2022 | ProPublica reported that landlords use RealPage's YieldStar algorithm to increase rents, potentially forming an illegal cartel by withholding rental units from the market. |
May 2021 | RealPage acquired Boingo Wireless's Multifamily Business. |
April 2021 | Thoma Bravo's acquisition of RealPage was completed. |
January 2021 | RealPage acquired WhiteSky, a bulk Internet provider. |
December 2020 | Private-equity firm Thoma Bravo announced it would acquire RealPage for $9.6 billion at $88.75 per share, representing a 31% premium on closing prices. |
September 2020 | RealPage acquired Stratis, a real estate IoT startup. |
January 2020 | RealPage agreed to acquire Modern Message, Inc. |
December 2019 | RealPage acquired Buildium. |
July 2019 | RealPage acquired utility management company SimpleBills. |
2018 | RealPage announced an agreement to purchase ClickPay, an electronic payment platform company located in Hackensack, New Jersey. |
2017 | RealPage acquired four companies: Axiometrics (apartment market data provider), American Utility Management (utility and energy management), Lease Rent Options (revenue management), and On-Site (leasing and marketing platform). |
2016 | RealPage moved its corporate headquarters to Richardson, Texas. |
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