RealPage Reaches Settlement with U.S. Department of Justice Regarding Revenue Management Software

Settlement delivers resolution and certainty, while reinforcing RealPage’s commitment to compliance, innovation, and greater housing opportunity RICHARDSON, Texas–(BUSINESS WIRE)–RealPage®, a leading global provider of AI-enabled software platforms for the real estate industry, today announced that it has reached a settlement with the U.S. Department of Justice (DOJ) that, subject to court approval, resolves the DOJ’s legal action regarding the company’s revenue management software used in the multifamily rental housing sector. The settlement provides resolution and clarity for RealPage customers and the broader multifamily industry, ensuring the company’s revenue management solutions remain fully available, legally compliant, and aligned with evolving laws and policies. RealPage has worked collaboratively with the DOJ throughout this process, engaging constructively to reach an outcome that strengthens confidence across the industry. The settlement also provides greater certainty for housing providers and technology innovators that revenue management software can be operated confidently and in compliance with the views of federal antitrust enforcers. “This resolution marks an important milestone for RealPage, our customers, and the multifamily industry,” said Dirk Wakeham, RealPage President and Chief Executive Officer. “Through it all, our teams remained focused on serving customers and advancing the technology the industry relies on every day. We are convinced that RealPage is part of the solution to addressing the cost of housing, helping operators make informed, independent decisions in a complex housing market. We are pleased to have reached this agreement with the DOJ, which brings the clarity and stability we have long sought and allows us to move forward with a continued focus on innovation and the shared goal of better outcomes for both housing providers and renters.” Key Terms of the Agreement Th…