Nevada Attorney General Aaron Ford. (Photo: Jeniffer Solis/Nevada Current)
The Nevada Attorney General’s Office said the real estate tech firm RealPage, which has faced accusations of price-fixing rents in multiple states, is on its “radar” but wouldn’t say if it was investigating corporate landlords that use the software.
A ProPublica investigation in 2022 found rental pricing software by RealPage used algorithms, which collect lease transaction data and advertised rates, to effectively tell landlords the highest rent an apartment applicant is able to pay, and then charge it.
There have been more than 30 lawsuits nationwide alleging that RealPage has colluded with corporate landlords to inflate rent prices, according to Stateline .
Accountable.US, a center-left watchdog group, sent letters to nine attorneys general offices around the country since 2023 warning there might be price-fixing in their rental markets. Nevada wasn’t one of them.
The group said in an email with Nevada Current that of the six publicly traded property management companies tied to RealPage, one was Mid-America Apartments, which manages 721 units in the state.