Ky. Off. of the Att'y Gen., Complaint, Commonwealth v. RealPage, Inc. (filed July 2, 2025)

Citation: Ky. Off. of the Att'y Gen., Complaint, Commonwealth v. RealPage, Inc. (filed July 2, 2025)
Jurisdiction: Kentucky (state)
Source: Official source
Original Source: https://www.ag.ky.gov/Press%20Release%20Attachments/2025.07.02%20Realpage%20C... ↗

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throughout the United States, including, upon information and belief, properties in Kentucky. In

early 2024, Asset Living LLC, one of the nation’s largest third-party property management

firms, announced it had acquired First Communities.

28. Defendant Greystar Management Services, LLC is a limited liability company

headquartered in Charleston, South Carolina, organized and existing under the laws of Delaware.

Greystar is the largest manager of residential rental apartments in the United States. Greystar

operates in Kentucky, including in the Louisville, Lexington, and Great Cincinnati Markets.

During the Conspiracy Period, Greystar entered into a written contract, paid for, and used at least

three RealPage RMS—YieldStar, LRO, and AIRM—to manage some or all of its more than

700,000 multifamily rental units throughout the United States, including, upon information and

belief, properties in Kentucky.

29. Defendant Highmark Residential, LLC is a limited liability company

headquartered in Dallas, Texas, organized and existing under the laws of Delaware. Highmark

operates in Kentucky, including in the Louisville and Lexington Markets. During the Conspiracy

Period, Highmark entered into a written contract, paid for, and used at least one RealPage

RMS—YieldStar—to manage some or all of its more than 79,000 multifamily rental units

nationwide, including, upon information and belief, properties in Kentucky.

30. Defendant Independence Realty Trust, Inc. is a real estate investment trust

headquartered in Philadelphia, Pennsylvania, organized and existing under the laws of Maryland.
9
IRT operates in Kentucky, including in the Louisville and Lexington markets. During the