RealPage, Maryland landlords accused of illegally raising rent, according to lawsuit
BALTIMORE -- Maryland Attorney General Anthony Brown accuses RealPage, a property management software company, and six residential landlords of working together to illegally raise rent, according to a lawsuit filed on Wednesday.
The lawsuit claims RealPage "used a centralized pricing algorithm to inflate prices."
RealPage and the landlords allegedly worked together on RealPage's "Revenue Management" products to drive rents above competitive rates.
The six landlords named in the lawsuit are:
- Morgan Properties Management Company, LLC
- Bozzuto Management Company
- Greystar Management Services, LLC
- AvalonBay Communities, Inc.
- UDR, Inc.
- Highmark Residential, LLC
"RealPage and the named landlords worked together to raise the cost of their apartments, making it hard for Maryland renters to put a roof over their heads," Attorney General Brown said. "Our Office is committed to holding landlords accountable so Marylanders can afford their rent."