After a ProPublica investigation, RealPage answered questions from lawmakers about its product. In response, the senators sent a letter to the Justice Department.
by Heather Vogell, ProPublica
After a ProPublica investigation last year, a group of senators demanded answers from a real estate tech company that helps landlords set rents across the country.
The investigation revealed how some of the nation’s biggest landlords share proprietary information with RealPage, a Texas company whose software uses the data to recommend rent prices for available units. Legal experts say the arrangement may facilitate cartel-like behavior among landlords, who could use the software to coordinate pricing.
Now, RealPage has responded to questions from Democratic Sens. Elizabeth Warren, Bernie Sanders, Tina Smith and Ed Markey. The company’s answers, the lawmakers said, revealed “alarming” new details.
In a letter to the Department of Justice, the senators said RealPage did not provide all the information they had asked for last November, but the answers the company did give raise concerns that its YieldStar software may play a role in driving rent inflation in some of the country’s biggest markets.
Recent Posts
The Rage Of Billionaires And The Frenzy To Stop Zohran Mamdani From Becoming New York’s Mayor
Take Action Now The constellation of forces now regrouping with a vengeance includes titans of Wall Street, enormous real estate interests,…
It’s Not Just The Cities. Extreme Heat Is A Growing Threat To Rural America.
Take Action Now The urban heat island sits in a rural heat ocean.By Umair Irfan, Vox Summer has officially begun with a blast of scorching…
Mamdani’s Massive Victory Should Show Democrats Where The Party’s Future Lies
Take Action Now NYC mayoral candidate Zohran Mamdani has thrown the drowning Democratic Party a life vest. Will its leaders use it?By Sam…
India Walton’s Advice For Zohran Mamdani
Take Action Now “I think that for him, the race ’til November needs to be staying on message—we can’t start to water it down…