FILE PHOTO: An old apartment building supplying low rent housing is seen in Las Vegas, Nevada, U.S., August 27, 2018. Picture taken August 27, 2018. REUTERS/Mike Blake/File Photo
NEW YORK (Reuters) - The U.S. Department of Justice and eight states sued RealPage on Friday, accusing the property management software company of using algorithms to help landlords illegally collude and drive up rents for apartments.
The lawsuit filed in North Carolina accuses Dallas, Texas-headquartered RealPage of letting landlords collude by sharing their pricing information with the company's software, which then recommends rent prices. The software keeps landlords from lowering rent and offering deals to attract renters, the Justice Department said.
