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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Willow Bridge entered into a written contract, paid for, and used at least one RealPage RMS—
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AIRM—to manage some or all of its more than 180,000 multifamily rental units nationwide,

including, upon information and belief, properties in Kentucky.

34. Various other persons, firms, and corporations not named as Defendants have

participated as co-conspirators with Defendants and have performed acts in furtherance of the

illegal conduct described herein. Defendants are jointly and severally liable for the acts of these

unnamed co-conspirators.

35. Whenever reference is made to any act of any corporation, the allegation means

that the corporation engaged in the act by or through its officers, directors, agents, employees, or

representatives while they were actively engaged in the management, direction, control, or

transaction of the corporation’s business or affairs.

36. Defendants are also liable for acts done in furtherance of the alleged conduct by

companies they acquired through mergers and acquisitions.

IV. FACTUAL ALLEGATIONS

A. Kentucky Multifamily Housing Markets

37. Approximately 560,000 Kentucky households are renters. A great majority of

these renters live in multifamily housing.

38. Multifamily housing has experienced significant recent growth in Kentucky. In

2022, Kentucky saw the third largest increase in multifamily home construction in the United

States. Multifamily units authorized in Kentucky increased by 97.7%—a total addition of 2,349

units—between 2020 and 2021.

39. Three of the largest multifamily housing submarkets in Kentucky are Greater

Cincinnati, Louisville, and Lexington-Fayette.

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1. The Greater Cincinnati Market

40. The Greater Cincinnati Market includes the Kentucky counties of Boone, Kenton,