Four U.S. senators are calling on the Justice Department to look closely at how Richardson-based RealPage’s software is used by big landlords.
Democratic Sens. Elizabeth Warren, Tina Smith, Bernie Sanders and Ed Markey sent a letter March 2 to Assistant Attorney General Jonathan Kanter on their concerns about the role algorithmic rent-setting software such as RealPage’s YieldStar plays in setting prices for rental properties.
The letter comes after ProPublica published an investigation on the use of RealPage’s software by landlords in October. In November, the Department of Justice opened an investigation into whether RealPage is facilitating collusion among landlords as questions arose about a 2017 merger between RealPage and its largest pricing competitor, ProPublica reported.
