# 2025-08464: Feds Bust Rental Giants for Secret Price-Fixing Scheme

2025-08464, United States et al. v. RealPage, Inc. et al., is a Federal Register notice from Justice Department, Antitrust Division published 2025-05-14, effective The proposed Final Judgment will take effect upon entry by the Court; Cortland must move off RealPage software within 30 days of entry and the Final Judgment will expire four years from the date of its entry.; PRIA reads it as touching household money (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-08464
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-08464
- Title: United States et al. v. RealPage, Inc. et al.
- Type: Notice
- Agencies: Justice Department; Antitrust Division
- Citation: 90 FR 20501
- Published: 2025-05-14
- Effective: The proposed Final Judgment will take effect upon entry by the Court; Cortland must move off RealPage software within 30 days of entry and the Final Judgment will expire four years from the date of its entry.
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

Feds Bust Rental Giants for Secret Price-Fixing Scheme

## Summary

The U.S. government and several states are taking on RealPage and Cortland Management for teaming up to share secret info and fix rental prices, which isn’t fair to renters. They’ve proposed a final plan to stop this behavior and protect competition, and the court is set to approve it soon. This means landlords must play fair, and renters could see better, more honest pricing in the near future.

## Effects PRIA read

- Renter Prices Likely More Competitive: benefit, medium. If you rent apartments, the proposed Final Judgment aims to stop Cortland from sharing secret pricing data and using RealPage’s coordinated recommendations so rents are set by market forces instead of coordinated pricing. The order requires Cortland to stop using RealPage and nonpublic third-party…
- Cortland Faces Software, Data, Oversight Rules: cost, medium. Cortland must stop using RealPage revenue-management software and switch to its own proprietary system within 30 days of the Court entering the Final Judgment. Cortland cannot use or train models on third-party nonpublic data or pool pricing across different owners, must adopt an antitrust complian…

## Related documents

- [2026-19100](https://policyrisk.com/federal-register/2026-19100): United States of America, et al. v. RealPage, Inc., et al.; Proposed Final Judgment and Competitive Impact Statement, 2026-09-18
- [2026-18136](https://policyrisk.com/federal-register/2026-18136): United States v. KKR & Co. Inc., et al.; Proposed Final Judgment and Competitive Impact Statement, 2026-09-04
- [2026-16850](https://policyrisk.com/federal-register/2026-16850): United States of America, et al. v. CRH PLC, et al. Proposed Final Judgment and Competitive Impact Statement, 2026-08-19
- [2026-16112](https://policyrisk.com/federal-register/2026-16112): United States et al. v. Cal-Maine Foods, Inc. et al.; Proposed Final Judgment and Competitive Impact Statement, 2026-08-07
- [2026-14903](https://policyrisk.com/federal-register/2026-14903): United States, et al. v. OhioHealth Corporation; Proposed Final Judgment and Competitive Impact Statement, 2026-07-23
- [2026-14935](https://policyrisk.com/federal-register/2026-14935): United States v. Edwards LifeSciences Corp. and Genesis MedTech Group Limited; Proposed Final Judgment and Competitive Impact Statement, 2026-07-23

## Sources
- [2025-08464 on federalregister.gov](https://www.federalregister.gov/documents/2025/05/14/2025-08464/united-states-et-al-v-realpage-inc-et-al)
- [2025-08464 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-05-14/pdf/2025-08464.pdf)

## Related
- [Previous: 2025-08463, Notice of Public Meeting of the New Mexico Advisory Committee to the U.S. Commi…](https://policyrisk.com/federal-register/2025-08463)
- [Next: 2025-08465, Committee and Quarterly Board Meetings; Correction](https://policyrisk.com/federal-register/2025-08465)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2025-08464 (as of 2026-06-08).