United States of America et al. v. RealPage, Inc. et al.; Proposed Final Judgment and Competitive Impact Statement

Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Department of Justice Antitrust Division Notice is hereby given pursuant to the Antitrust Procedures and Penalties Act, 15 U.S.C. 16(b)-(h) , that a proposed Final Judgment, Stipulation, and Competitive Impact Statement have been filed with the United States District Court for the Middle District of North Carolina in United States of America et al. v. RealPage, Inc. et al., Civil Action No. 1:24-cv-00710. On January 7, 2025, the United States filed a Complaint alleging that Cortland Management, LLC's (“Cortland”) agreements with RealPage and other landlords to share information and align pricing violate Section 1 of the Sherman Act, 15 U.S.C. 1 . The proposed Final Judgment, filed at the same time as the Complaint, requires Cortland to end its use of RealPage or other third-party revenue management software or, in the alternative, requires use third-party revenue management software with the appointment of a compliance monitor, prohibits the use of certain competitively sensitive data in Cortland's own revenue management software, and prohibits Cortland from sharing competitively sensitive information with other landlords. Cortland must also establish an antitrust compliance policy and cooperate with the United States in this litigation. Copies of the Complaint, proposed Final Judgment, and Competitive Impact Statement are available for inspection on the Antitrust Division's website at http://www.justice.gov/​atr and at the Office of the Clerk of the United …