Settlement Deal Announced in Massive RealPage Antitrust Class Action Case
Significant Settlement Reached in RealPage Antitrust Lawsuit
In a landmark decision, proposed settlements amounting to approximately $359.9 million have been announced in the RealPage Rental Software Antitrust Litigation. This case, formally recognized as In re: RealPage, Inc., Rental Software Antitrust Litigation (No. II), stems from allegations that various rental software providers, including RealPage, conspired to manipulate and inflate rental prices across the United States.
What Led to the Settlement?
The lawsuit centers on claims that RealPage and its affiliates exchanged sensitive information regarding rental pricing, which, according to the allegations, led to an unlawful agreement that distorted market competition. The effects of this conduct were felt widely, impacting renters who were paying inflated prices for multifamily residential leases. The plaintiffs assert that these illegal actions likely affected numerous tenants who rented properties managed with RealPage's software systems, including the Revenue Management Solutions, Lease Rent Options (LRO), and YieldStar.
Despite the scope of these allegations, it's important to note that while the defendants have agreed to the settlement, they have denied any wrongdoing. They maintain that they have valid defenses against the accusations. The final decision regarding the validity of these claims rests with the Court, which has yet to adjudicate the merits of the case.
Who is Eligible for Compensation?
The proposed settlements' class encompasses anyone in the United States who has paid rent on at least one multifamily residential property where RealPage's software was utilized. This also includes rentals paid to any related agents, subsidiaries, or affiliates of property managers utilizing RealPage’s Revenue Management Solutions between October 18, 2018, and November 21, 2025.
How to Participate in the Settlement
For those who qualify as members of the Settlement Class, there are specific steps to ensure they receive their share of the settlement funds:
- - Submit a Claim: Members must complete a Claim Form, either online or by mail, by the claim deadline of January 29, 2027. Forms can be acquired through the official settlement website: RealPageRentalSettlement.com.
- - Exclusion Process: If a member chooses to exclude themselves from the settlement, they must submit a written request before September 1, 2026.
- - Object to the Settlement: Should a member have any objections regarding the fairness of the settlements or the proposed distribution plan, they must formally express their concerns by the same deadline.
- - Attend the Fairness Hearing: Scheduled for October 15, 2026, this hearing will allow affected individuals a chance to voice their opinions regarding the settlement.
Important Deadlines Summarized
- - Exclusion and Objection Deadline: September 1, 2026
- - Fairness Hearing: October 15, 2026, at 1:00 PM CT
- - Claim Submission Deadline: January 29, 2027, by 11:59 PM EST
Conclusion
This proposed settlement provides a significant financial relief opportunity for individuals who have been impacted by the alleged price-fixing schemes in the multifamily rental housing sector. While the settlements await court approval, affected renters should take prompt action to ensure their eligibility and participation in this meaningful compensation process. For more details and to file a claim, individuals can visit RealPageRentalSettlement.com or contact the settlement administrator via the provided toll-free number.
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