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Arizona attorney general sues software company RealPage, residential landlords; accuses them of conspiring to illegally raise rents
The suit alleges that landlords conspired with RealPage and used that information to conduct a price-fixing conspiracy.
“In the last two years, residential rents in Phoenix and Tucson have risen by at least 30% in large part because of this conspiracy that stifled fair competition and essentially established a rental monopoly in our state’s two largest metro areas. The suit alleges that landlords conspired with RealPage, a company that provides detailed, non-public leasing data in every market, and used that information to conduct a price-fixing conspiracy. Specifically, the state alleges that the defendants “conspired to enrich themselves during a period when inflation was at historic highs and Arizona renters struggled to keep up with massive rent increases.”
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