The U.S. Department of Justice has filed a proposed final judgment in an ongoing antitrust lawsuit against RealPage, Inc. and Pinnacle Property Management Services, LLC, marking a significant development in a case that alleges anticompetitive conduct within the property management sector.
The civil case, United States of America et al. v. RealPage, Inc. et al., is being heard in the United States District Court for the Middle District of North Carolina under Civil Action No. 1:24-cv-00710. The lawsuit, originally initiated on January 7, 2025, contends that Pinnacle violated Section 1 of the Sherman Act by engaging in agreements with RealPage and multiple other landlords to share competitively sensitive information and coordinate pricing strategies.
In the proposed final judgment filed on September 4, 2026, Pinnacle is prohibited from licensing or using revenue management software that depends on data deemed competitively sensitive. Additionally, the order bars the company from sharing such information with other landlords. The judgment also requires Pinnacle to implement an antitrust compliance program designed to prevent future violations and to cooperate with the Justice Department in ongoing litigation efforts.
Alongside the filing, the Department of Justice’s Antitrust Division submitted a Competitive Impact Statement. This document outlines the nature of the complaint, details of the proposed remedies, and provides context regarding the industry dynamics and legal framework. It also informs private parties that may have suffered harm from the alleged anticompetitive conduct of their rights to pursue private litigation.
Public access to the complaint, the proposed final judgment, and the Competitive Impact Statement has been made available on the Antitrust Division’s official website and at the Clerk’s Office of the U.S. District Court in North Carolina. The Department of Justice has invited interested parties to submit comments regarding the proposed judgment within 60 days from the notice date. Comments can be sent to Danielle Hauck, Acting Chief of the Technology and Digital Platforms Section of the Antitrust Division, by mail or email. These submissions, including the identities of commenters and responses, will be publicly posted, filed with the court, and may be published in the Federal Register under applicable conditions.
This action underscores federal scrutiny over data-sharing practices and pricing coordination in the property management industry, reflecting broader concerns about the use of technology platforms to influence market competition.