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 RealPage, Inc., along with six landlords, violated Section 1 of the Sherman Act, 15 U.S.C. 1 , by unlawfully agreeing to share and use landlords' competitively sensitive information and agreeing to use RealPage's software to align pricing among competing landlords. The Complaint also alleges that RealPage violated Section 2 of the Sherman Act, 15 U.S.C. 2 , by monopolizing or attempting to monopolize the commercial revenue management software market for conventional multifamily rental housing by preventing other software providers from effectively competing with products that do not harm the competitive process. The proposed Final Judgment, filed on November 24, 2025, seeks to stop the exchange of competitively sensitive data among competing landlords through RealPage and to deter exchanges of such data by other means, such as in revenue management meetings attended by competitors. RealPage must also ensure that certain features of RealPage's revenue management software do not facilitate an alignment of pr…