Denver-area property managers acted as “price-fixing cartel” to keep rents elevated, class-action lawsuit alleges

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A Denver resident filed a class action lawsuit last week alleging that more than a dozen property management companies conspired to fix apartment rental prices across the greater metro area.

Jeffrey Weaver, a Denver renter since 2017, filed the federal lawsuit Wednesday against RealPage, a software company that suggests rental prices for property management companies. The software relies on an algorithm that collects private data about occupancy, leases and “virtually every other possible data point that drives rent” across all RealPage clients — companies that are competing against each other in the market, according to the lawsuit.

RealPage spokeswoman Teresa Wolke said in an emailed statement that the company denies the price-fixing allegations.

 

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This is illegal!

If you rent and don't pay for your Water, turn on the tub and let it run 24/7

Put them against the wall. We need to make examples of the rich.

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