Nevada reaches first settlement with RealPage in rental pricing cases

ReutersSep 22, 2025 3:24 PM

By Mike Scarcella

Sept 22 (Reuters) - Real estate software firm RealPage has settled a lawsuit by the Nevada attorney general accusing the company of violating the state's unfair trade practices law. The deal is the first to resolve state or federal claims that RealPage’s revenue management systems allow apartment property managers to illegally coordinate on rental pricing.

The settlement, announced Friday, came the same day Nevada filed its complaint in Clark County District Court. RealPage still faces similar lawsuits, including one by the U.S. Justice Department in Tennessee and another by private renters. The Nevada agreement does not affect those cases.

RealPage denied wrongdoing, saying it settled to avoid the cost and distraction of litigation. CEO Dana Jones called the deal “a path forward.” The Nevada attorney general’s office did not immediately comment.

Lawsuits against RealPage allege its software enabled property managers to share nonpublic rental data and coordinate pricing. Nevada’s complaint named only RealPage as a defendant. The company has denied similar claims in other cases.

Nevada's lawsuit said many of the state's largest landlords have submitted competitively sensitive information to RealPage on a regular basis. The use of nonpublic data "substituted unity for rivalry and has deprived Nevada tenants of the benefits of competition," the state alleged.

Under the settlement, RealPage may use nonpublic data to generate rent recommendations for Nevada properties only if the data is anonymized, at least three months old, and aggregated across at least 10 properties. The agreement applies solely to Nevada.

RealPage will also pay $200,000 to the state for programs such as down payment assistance. Nevada imposed no additional civil penalties.

US proposes settlement with Greystar to end alleged rental price collusion

DC attorney general inks first settlement in RealPage price-fixing lawsuit

New Jersey sues RealPage, says collusion with landlords drives up rents

U.S. Justice Department accuses RealPage of driving up rents

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