RealPage, Inc. is an American property management software company, owned by the private equity firm Thoma Bravo, and known for its algorithmic rent setting, which has been accused of antitrust violations and price fixing.

[5] RealPage was founded in 1998 with the acquisition of Rent Roll, Inc.,[6] a provider of on-premises property management systems for the conventional and affordable multifamily rental housing markets.

[12] In December 2020, private-equity firm Thoma Bravo announced it would acquire RealPage for $9.6 billion, paying $88.75 per share for the company, a premium of 31% for their closing prices at the time.

[21] In April 2023, more than 20 private civil antitrust lawsuits against RealPage, which had been filed primarily on behalf of renters of multifamily apartments and which alleged that the company illegally conspired to keep prices above market rates, were consolidated in federal court in Nashville, Tennessee.

[22] In November 2023, the US Justice Department filed a "statement of interest" in support of the lawsuits, arguing that the use of shared data and algorithms must "be subject to the same condemnation" as other price-fixing schemes.

[27][28] In August 2024, the San Francisco Board of Supervisors unanimously approved an ordinance banning landlords from using software or algorithms, such as those offered by RealPage and Yardi, to set rents or manage occupancy within the city.