United States et al. v. RealPage, Inc.et al.; Response of the United States to Public Comments
Published Date: 2/9/2026
Notice
Summary
The U.S. government responded to public feedback about its plan to fix unfair business practices by RealPage and Greystar, companies involved in housing services. They believe their solution is fair and will help renters by promoting competition. Soon, the court will decide to approve this plan, which could affect how these companies operate and impact rental markets.
Analyzed Economic Effects
5 provisions identified: 4 benefits, 1 costs, 0 mixed.
Ban on data-driven price setting
The proposed Final Judgment prohibits Greystar from licensing or using any revenue management product that uses third-party nonpublic data to recommend or set rental prices. This restriction is part of the remedy the United States proposes to address alleged antitrust violations involving RealPage and Greystar.
No pooling across different owners
The proposed Final Judgment bars Greystar from licensing or using any revenue management product that pools information from Greystar properties that have different owners. That forbids combining data across properties with different ownership to generate pricing recommendations.
Prohibition on using competitors' nonpublic data
The proposed Final Judgment prohibits Greystar from disclosing, soliciting, or using competitively sensitive nonpublic information from competitors that can be used to set rental prices or generate pricing recommendations. The restriction explicitly covers data obtained through market surveys or other means.
Compliance, monitoring, and inspections required
The proposed Final Judgment requires Greystar to adopt a written antitrust compliance policy, designate a chief antitrust compliance officer to train employees, obtain certifications from vendors about data use, permit the United States to inspect documents and interview employees, and be subject to a court-appointed monitor if the Court finds violations. These measures are designed to enforce the prohibitions in the Final Judgment and ensure ongoing compliance.
Intended benefit: promote competition for renters
The United States states that the proposed Final Judgment is intended to remedy the alleged antitrust violations and 'will help renters by promoting competition' by stopping the sharing and use of competitors' nonpublic data. After publication of this response, the United States will move the Court to enter the proposed Final Judgment.
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