RICHARDSON, Texas: RealPage®, a leading global provider of AI-enabled software platforms for the real estate industry, announced today that it has filed a lawsuit against New York State Attorney General Letitia James, challenging a sweeping and unconstitutional statute that bans lawful speech and was prompted by an intentional campaign of misinformation and often-repeated false claims about the company’s revenue management software.

“The multifamily industry deserves tools that support responsible operations, informed decisions, and better outcomes for residents,” said Dirk Wakeham, RealPage President and CEO. “This law denies housing providers access to lawful analysis and information that helps them meet the needs of their communities.”

“This misguided effort to manage rental prices tramples on RealPage’s First Amendment right to offer advice and recommendations,” said Theodore J. Boutrous Jr., a partner at Gibson, Dunn & Crutcher LLP and counsel for RealPage. “New York legislators should propose real solutions to housing affordability issues instead of banning constitutionally protected speech.”

RealPage is seeking a judgment and injunction against a recently adopted statute that seeks to prohibit the use of math and publicly available information to provide advice or recommendations to RealPage’s customers who own and manage rental housing properties. Among other things, the statute seeks to ban software that uses public data about rental or lease terms to advise or recommend market-appropriate rent prices for rental housing properties.

New York Governor Kathy Hochul signed the bill enacting the new statute on October 15, 2025, following an increasingly common misinformation campaign espousing demonstrably incorrect and misleading information to encourage the passage of laws that would do nothing to improve housing availability or affordability. Instead, these inaccuracies and flawed assumptions result in bad policy decisions such as this unconstitutional statute and threaten to disincentivize future development to address the housing shortage. RealPage’s revenue management software contributes to a healthier and more efficient rental housing ecosystem that benefits both renters and housing providers.

The unconstitutional statute, codified at New York General Business Law Section 340-b, is set to go into effect on December 15, 2025, unless enjoined by the court.

About RealPage, Inc.:

RealPage improves the business of living for both housing providers and residents. As the leading platform for AI-powered real estate operations, we connect property owners, operators, and residents across every stage of the rental journey - creating smarter, more transparent, and more responsive experiences. Our technology unifies marketing, leasing, operations, and financials, putting AI at the center of real estate. From automating work and turning data into actionable insights to introducing the industry’s first agentic AI workforce, we empower property teams to deliver exceptional living experiences. Through our resident experience platform, LOFT, and an integrated suite of services, RealPage gives millions of residents greater transparency, flexibility, and ease - helping them lease, live, and engage confidently in their communities. Backed by Thoma Bravo and recognized by Forbes, Newsweek, and EnergyStar for innovation, sustainability, and workplace culture, RealPage is headquartered in Richardson, Texas, with offices across North America, Europe, and Asia. We’re building the future of real estate by connecting technology, people, and communities. www.realpage.com

Fonte: Business Wire