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The new suit alleges that the firms violated the city’s ban on using algorithmic pricing software to set rents. They have both faced similar legal challenges in the past.
The major proptech acquisition aims to address a key problem facing artificial intelligence tools for the housing sector: unvalidated and disconnected data.
Multifamily software and data analytics giant RealPage announced Tuesday that it has acquired institutional portfolio intelligence firm Cherre . Richardson, Texas-based RealPage acquired Cherre in a cash and money dea…
The major apartment manager will refrain from algorithmic coordination and exchanging competitively sensitive data, per its deal with the Justice Department.
Nine state attorneys general sued the multifamily management firm, which denies the allegations, as part of an ongoing federal lawsuit against RealPage.
Nine state attorneys general sued the multifamily management firm, which denies the allegations, as part of an ongoing federal antitrust lawsuit.
The apartment firms agreed to reform their rent-setting practices and to stop sharing non-public information, but they do not admit fault.
The spring price increase is cooler than it has been historically, new research from Yardi, RealPage and Apartment List shows.
The spring price increase is cooler than it has been historically, new research from Yardi, RealPage and Apartment List shows.