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- Pending Government Action:Government Action: BBB reports on known government actions involving business’ marketplace conduct:Attorney General Mayes Sues RealPage and Residential Landlords for Illegal Price-Fixing Conspiracy
PHOENIX – Attorney General Kris Mayes today announced a lawsuit against RealPage, Inc. and nine major residential apartment landlords operating in Arizona for conspiring to illegally raise rents for hundreds of thousands of Arizona renters in the Phoenix and Tucson metro areas. RealPage is a software company that offers what it calls “revenue management” to its clients, including those named as its co-defendants in this lawsuit.
“The conspiracy allegedly engaged in by RealPage and these landlords has harmed Arizonans and directly contributed to Arizona’s affordable housing crisis,” said Attorney General Mayes. “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. RealPage and its co-defendants must be held accountable for their role in the astronomical rent increases forced on Arizonans.”
The State’s lawsuit alleges RealPage’s revenue management software works by compiling competitively sensitive data on pricing and occupancy from competitors in the market for multifamily apartment leases and then directing the competitors who have entered the conspiracy on which units to rent and at what price.
The Attorney General’s lawsuit specifically alleges that:- The defendant landlords illegally colluded with RealPage to artificially raise rents and concealed their conspiracy from the public. By providing highly detailed, sensitive, non-public leasing data with RealPage, the defendant landlords departed from normal competitive behavior and engaged in a price-fixing conspiracy. RealPage then used its revenue management algorithm to illegally set prices for all participants.
- RealPage’s conspiracy with the landlord co-defendants violate both the Arizona Uniform State Antitrust Act and the Arizona Consumer Fraud Act. Arizona’s antitrust law prohibits conspiracies in restraint of trade and attempts to establish monopolies to control or fix prices. The State’s consumer fraud statute makes it unlawful for companies to engage in deceptive or unfair acts or practices or to conceal or suppress material facts in connection with a sale, in this case apartment leases.
- The illegal practices of the defendants led to artificially inflated rental prices and caused Phoenix and Tucson-area residents to pay millions of dollars more in rent. 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.
The landlords named in the lawsuit are: Apartment Management Consultants, L.L.C., Avenue5 Residential, L.L.C., BH Management Services, L.L.C., Camden Property Trust, Crow Holdings, L.P./Trammell Crow Residential, Greystar Management Services, L.P., HSL Properties, Inc., RPM Living, L.L.C., and Weidner Property Management, L.L.C.
About This Business
Business Details
- Local BBB:
- BBB of Greater Houston and South Texas
- BBB File Opened:
- 10/10/2001
- Business Started:
- 1/1/1993
- Alternate Names:
- Camden Chandler
- Camden Pecos Ranch
- Camden North End
- Camden Foothills
- Camden Legacy
- Camden Montierra
- Camden Old Town Scottsdale
- Camden San Marcos
- Camden San Paloma
- Camden Sotelo
- Camden Tempe
- Camden Sierra at Otay Ranch
- Camden Martinique
- Camden Sea Palms
- Camden Glendale
- Camden Main and Jamboree
- Camden Harbour View
- The Camden
- Camden Crown Valley
- Camden Landmark
- Camden Hillcrest
- Camden Tuscany
- Camden Old Creek
- Camden Flatirons
- Camden Interlocken
- Camden Belleview Station
- Camden Caley
- Camden Denver West
- Camden Highlands Ridge
- Camden Lakeway
- Camden Lincoln Station
- Camden Grand Parc
- Camden NoMa
- Camden Roosevelt
- Camden South Capitol
- Camden Royal Palms
- Camden Town Square
- Camden Hunter's Creek
- Camden Potomac Yard
- Camden Ashburn Farm
- Camden Silo Creek
- Camden Fair Lakes
- Camden Fairfax Corner
- Camden Monument Place
- Camden Dulles Station
- Camden Lansdowne
- Camden Lago Vista
- Camden Lake Eola
- Camden La Vina
- Camden Lee Vista
- Camden North Quarter
- Camden Orange Court
- Camden Thornton Park
- Camden Waterford Lakes
- Camden World Gateway
- Camden Central
- Camden Pier District
- Camden Bay
- Camden Montague
- Camden Preserve
- Camden Visconti
- Camden Westchase Park
- Camden Deerfield
- Camden Brookwood
- Camden Buckhead
- Camden Buckhead Square
- Camden Creekstone
- Camden Fourth Ward
- Camden Midtown Atlanta
- Camden Paces
- Camden Phipps
- Camden St. Clair
- Camden Vantage
- Camden Dunwoody
- Camden Shiloh
- Camden Peachtree City
- Camden Stockbridge
- Camden College Park
- Camden Washingtonian
- Camden Largo Town Center
- Camden Fallsgrove
- Camden Shady Grove
- Camden Lake Pine
- Camden Reunion Park
- Camden Governers Village
- Camden Ballantyne
- Camden Cotton Mills
- Camden Dilworth
- Camden Fairview
- Camden Foxcroft
- Camden Gallery
- Camden Panther Creek
- Camden Grandview
- Camden South End
- Camden Stonecrest
- Camden Southline
- Camden Stonecrest
- Camden Touchstone
- Camden Sedgebrook
- Camden Westwood
- Camden Westwood
- Camden Ashbury Village
- Camden Carolinian
- Camden Crest
- Camden Manor Park
- Camden Overlook
- Camden Franklin Park
- Camden Music Row
- Camden Addison
- Camden Cedar Hills
- Camden Gaines Ranch
- Camden Huntingdon
- Camden Lamar Heights
- Camden Lamar Heights
- Camden Rainey Street
- Camden Shadow Brook
- Camden Stoneleigh
- Camden Brushy Creek
- Camden Cypress Creek
- Camden Belmont
- Camden Design District
- Camden Farmers Market
- Camden Greenville
- Camden Henderson
- Camden Victory Park
- Camden Centreport
- Camden Riverwalk
- Camden Downtown
- Camden Heights
- Camden Highland Village
- Camden McGowen Station
- Camden Post Oak
- Camden Woodson Park
- Camden Cimarron
- Camden Valley Park
- Camden Downs at Cinco Ranch
- Camden Grand Harbor
- Camden Legacy Creek
- Camden Legacy Park
- Camden Buckingham
- Camden La Frontera
- Camden Northpointe
- Camden Potomac Yard
- Camden Ashburn Farm
- Camden Silo Creek
- Camden Fair Lakes
- Camden Fairfax Corner
- Camden Monument Place
- Camden Dulles Station
- Camden Lansdowne
- Camden Travis Street
- Camden Spring Creek
- Camden Travis Street
- Camden Northpointe Apartments
- Camden
- Camden Amber Oaks Apartments
- Camden Yorktwon
- Camden City Centre
- Camden Creek
- Camden Baytown
- Camden Greenway
- Camden Holly Springs
- Camden Steeplechase
- Camden Midtown
- Camden Stonebridge
- Camden Sugar Grove
- Camden Vanderbilt
- Camden Royal Oaks
- Camden City Centre
- Camden Plaza
- Camden Whispering Oaks
- Business Management:
- Mr. Gerald Hasara, Regional Vice President
- Mr. Laurie Baker, COO
- Mr. Richard C Key CPA, Manager
- Ms. Pam Sullens, Regional Vice-President
- Mr. Steven Dawson, Vice President/CFO
- Ms. Hara Murphy, District Manager
- Ms. Barbara Kirk-Camden, District Manager
- Mr. J Robert Fisher, Vice President
- Mr. Richard J Campo, CEO
- Ms. Lizzy David, Operations Coordinator
Additional Contact Information
- Principal Contacts
- Mr. Laurie Baker, COO
- Mr. Richard J Campo, CEO
- Ms. Lizzy David, Operations Coordinator
- Customer Contacts
- Ms. Lizzy David, Operations Coordinator
- Fax numbers
- Primary Fax: (713) 354-2700
- Other Fax: (407) 381-9555
- Other Fax: (702) 435-9445
- Other Fax: (281) 580-2729
- Other Fax: (703) 729-5062
- Other Fax: (703) 266-6089
- Other Fax: (972) 887-9044
- Other Fax: (813) 639-9336
- Additional Phone Numbers
- Other Phone: (713) 651-0350
- Other Phone: (713) 354-2500
- Other Phone: (713) 964-3555
- Other Phone: (866) 351-1489
- Other Phone: (281) 920-0800
- Other Phone: (866) 350-8832
- Other Phone: (866) 350-8833
- Other Phone: (407) 381-9554
- Other Phone: (866) 350-8781
- Other Phone: (713) 528-7755
- Other Phone: (866) 350-8829
- Other Phone: (703) 729-7744
- Other Phone: (713) 345-2500
- Other Phone: (866) 350-8834
- Other Phone: (866) 350-8794
- Other Phone: (866) 788-7206
- Other Phone: (713) 599-1810
- Other Phone: (813) 639-9333
- Other Phone: (972) 791-3600
- Other Phone: (281) 580-5580
- Other Phone: (866) 351-1501
- Other Phone: (866) 350-8836
- Other Phone: (866) 350-8831
- Other Phone: (281) 556-0153
- Other Phone: (703) 266-6088
- Other Phone: (866) 366-5738
Additional Information
- Business Categories
- Apartments, Property Management
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