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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Campbell, Pendleton, Grant, Bracken, Gallatin, and Mason. In 2022, it was the 43rd largest

multifamily market in the United States with nearly 120,000 completed units and another 25,000

in development. At the start of 2024, the Greater Cincinnati market was the eighth most popular

rental market in the United States. According to the 2023 American Community Survey

(“ACS”), over 260,000 residents in the Greater Cincinnati Market lived in multifamily housing.

41. Through its suite of business products, including RMS, RealPage collects and

shares pricing and occupancy information for a high concentration of multifamily residential

apartment units within the Greater Cincinnati Market, as self-reported by RealPage on its

website:

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Figure 1.

42. Widespread adoption of Defendant RealPage’s RMS has caused rent to increase

explosively in recent years. Greater Cincinnati renters are paying 34% more in rent in 2023 than

they paid in 2016.

2. The Louisville Market

43. The Louisville Market is also a significant multifamily home market. As of

September 2022, Louisville was the 52nd largest multifamily market in the United States, with

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85,570 completed units and 22,800 units in development. According to the 2023 ACS, over

134,000 residents in the Louisville-MSA live in multifamily housing.

44. Through its suite of business products, including RMS, RealPage collects and

shares pricing and occupancy information for a high concentration of multifamily residential

apartment units within the Louisville Market, as self-reported by RealPage on its website:

Figure 2.

45. Widespread adoption of Defendant RealPage’s RMS has caused rent to increase

explosively in recent years. Rents for multifamily units in the Louisville Market have