RealPage Statement Following Letter From Democrats to Defense Secretary

RealPage software reflects the market; it does not manipulate it. Today's high housing costs are the result of an undersupply of housing in the U.S. - a shortage of 4.5 million homes, according to Zillow. 

The goal of this irresponsible letter from Senator Warren and some of her Democratic colleagues is to blame today's housing affordability crisis on the private sector, rather than the failed policies of the Biden Administration. Military families are invoked in this inquiry to impassion those who care about our men and women in uniform. RealPage and our many employees who have served our country care deeply about our military personnel, and it is shameful to see such a blatant attack on our company and the false allegations that we are price gouging military families.

Nothing about the Basic Allowance for Housing (BAH) is ever considered in rent pricing recommendations made by our software. Indeed, as the Senators already know, our software never considers any personal information about residents or applicants.

If asked, we will meet with Secretary Hegseth and discuss how our products work and the lawfare campaign that Senator Warren and her colleagues continue to pursue against a U.S. company that provides products and services that benefit residents, housing providers and the rental housing ecosystem as a whole.