Get the latest tech news

Tech suppliers fear RealPage suits will have ‘chilling effect’ on data sharing — Commercial landlords try to ‘shift some of this liability’ foreseen in litigation for price-fixing rents

Apartment industry vendors say operators are getting skittish about how their information is used.

Though multiple REITs and large owners declined to comment when asked if their data-sharing agreements have changed, other tech vendors and lawyers reiterate what Okoruwa said — that the RealPage case is causing apartment firms to rethink how information is handled. Vidur Gupta, CEO of Beekin, a New York City-based firm that offers an artificial intelligence-based real estate analytics platform, is also seeing that “contract terms are getting a bit tighter.” He notices a certain group of owners specifically concerned with the RealPage suits. The one definite in the market right now is uncertainty, and a lot of people are “more gun shy” than anything else, says Blerim Zeqiri, CEO and co-founder of Scottsdale, Arizona-based Radix, a multifamily analytics company.

Get the Android app