Word of landlords allegedly using RealPage software to collude with competitors to fix rent prices elsewhere in the region led many to wonder if the gimmick had any role in Montgomery County's skyrocketing apartment rents. Maryland Attorney General Anthony Brown now suggests it does, and has filed suit against the firm and several prominent landlords. Despite the openings of many new apartment buildings across the county, rents have only continued to rise amidst all of the new "competition." This violates the basic laws of supply and demand, and Brown says the Realpage software gave landlords a loophole to make collusion possible, by having the company fix the rents across the board.
“RealPage and the named landlords worked together to raise the cost of their apartments, making it hard for Maryland renters to put a roof over their heads,” Brown said in a statement. “Our Office is committed to holding landlords accountable so Marylanders can afford their rent.”
The firms Brown is accusing of using RealPage for the purpose of "colluding to illegally raise rents" for Maryland apartment dwellers are Morgan Properties Management Company, LLC; Bozzuto Management Company; Greystar Management Services, LLC; AvalonBay Communities, Inc.; UDR, Inc.; and Highmark Residential, LLC. Brown is seeking monetary damages for renters who were allegedly gouged by the use of RealPage, monetary damages for the State of Maryland, cessation of the alleged use of RealPage to fix apartment rents, and the appointment of a corporate monitor to ensure compliance by RealPage and the accused firms.