Company Addresses False Narrative Concerning Revenue Management Software RICHARDSON, Texas – June 18, 2024 – RealPage®, a leading global provider of software and data analytics to the real estate industry, today issued a statement to correct factual inaccuracies that have been reported related to its revenue management software and its impact on renters. Starting in October 2022, false and misleading claims about RealPage and its revenue management software have been reported to the media and in legal filings. These factual inaccuracies threaten to undermine the essential benefits RealPage’s solutions provide to both renters and housing providers. In fact, RealPage’s revenue management software contributes to a healthier and more efficient rental housing ecosystem. “The time is now to address a number of false claims about RealPage’s revenue management software, and how rental housing providers operate when setting rent prices,” said Dana Jones, RealPage CEO and President. “Housing affordability should be the real focus. RealPage is proud of the role our customers play in providing safe and affordable housing to millions of people. Despite the noise, we will continue to innovate with confidence and make sure our solutions continue to benefit residents and housing providers, alike.” Housing affordability is the real problem Housing affordability, including the lack of affordable rental housing, is a critically important national problem created by a host of complex economic and political forces, including:
persistent undersupply of rental housing units, increasing demand for rental housing in many areas of the country, inflationary pressures that affect costs to build, insure and manage housing properties, inefficient or unnecessarily onerous permit and zoning requirements, higher mortgage rates and home prices driving more people to rent rather than own their own homes, and changes in where and h…