Multifamily industry leader is committed to helping improve housing affordability and agrees to make a charitable donation to benefit local renters in Nevada

RealPage®, a leading global provider of AI-enabled software platforms to the real estate industry, announced today the company has reached a settlement and consent judgment with the State of Nevada regarding revenue management software use in Nevada. RealPage is pleased this resolution provides clarity for revenue management software use in Nevada, while preserving the ability to continue offering innovative solutions for the rental housing ecosystem.

RealPage denies the allegations made by the Nevada Attorney General and resolved this matter to avoid the costs and distraction of potential litigation. RealPage’s solutions have always been legally compliant and are easily configurable as laws change or legal interpretations evolve. RealPage’s revenue management software has been reviewed over the years both by experienced antitrust counsel and, in 2017, by the U.S. Department of Justice without objection. After rental prices increased (along with home prices and many other consumer goods) due to a severe shortage of supply and other reasons associated with the COVID-19 pandemic, housing affordability became a center point for politicians and regulators. Although RealPage has always used data responsibly and in a pro-competitive, legally compliant manner, in response to legislative activity, RealPage previously modified its revenue management software to remove nonpublic data of unaffiliated properties from the calculation of rent recommendations for all customers’ properties.

The proposed consent judgment includes the following terms:

No admission and full release

• No admission of wrongdoing or liability by RealPage.
• Release of any and all Nevada AG claims against RealPage related to allegations about its revenue management products.

Use of nonpublic data

• RealPage may use nonpublic data of other unaffiliated properties in the runtime operation of its revenue management software to calculate rent recommendations for properties in Nevada only if such data is aged at least three months, anonymized, and aggregated to at least ten properties.
• RealPage may publish nonpublic data regarding rent, occupancy or availability to its customers in Nevada only if such data is aggregated to at least ten properties and anonymized.
• Without limiting affiliated properties’ use of their own data, RealPage revenue management software may use machine learning models trained with nonpublic data from properties in Nevada only if that data is aged at least three months.

Charitable contribution

• RealPage will contribute $200,000 to the State of Nevada for distribution to one or more Nevada-based nonprofit or governmental organizations that provide down payment assistance or rent reduction to Nevada residents.

Compliance and training

• RealPage will provide annual certifications of compliance to Nevada for the five-year term.
• RealPage will maintain an antitrust compliance program with training for revenue management personnel.

“We are gratified we found a path forward with the State of Nevada,” said Dana Jones, RealPage CEO and President. “RealPage remains proud of the role we play in facilitating affordable housing for renters in Nevada, advocating for the responsible use of data across our industry, and standing up for our industry so that everyone, including renters and housing providers, in the housing ecosystem benefits.”

About Revenue Management Software

RealPage revenue management software offers prospective residents and housing providers more options and flexibility in lease terms, enhances customer competitiveness through more efficient pricing to fill vacancies and reducing costs, aids compliance with Fair Housing laws, does not use any personal or demographic data to generate rent price recommendations and helps ensure that prospective residents have access to the best pricing available to everyone.

RealPage has developed an educational website for more information: www.realpagepublicpolicy.com.

About RealPage, Inc.:

RealPage improves the business of living.

RealPage is the leading global provider of AI-enabled software platforms to the real estate industry. The company offers the multifamily industry’s first agentic AI platform, Lumina AI™ Workforce, with a coordinated network of intelligent AI agents that work across leasing, operations, facilities, finance and resident engagement. By using RealPage solutions for operational excellence in the front office and throughout property operations, many leading property owners, operators and investors gain transparency into asset performance with data insights, enhancing experiences with customized tools and improving efficiencies to generate incremental yield. Founded in 1998 and headquartered in Richardson, Texas, RealPage joined the Thoma Bravo portfolio of market-leading enterprise software firms in 2021 to realize faster growth and innovation to serve more than 24 million rental units from offices in North America, Europe and Asia. In 2024-2025, RealPage has been recognized as one of America’s Best Employers by Forbes, one of America’s Best Employers for Women by Forbes, one of America’s Greatest Workplaces for Women by Newsweek, one of America’s Greatest Workplaces for Parents and Families by Newsweek, and has been certified as a Great Place to Work™ in India, the Philippines, the UK and the U.S. RealPage’s resident experience platform, LOFT, earned Property Management Solution of the Year and earned Gold in the TITAN Innovation Awards. www.realpage.com

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