Find more information on the issues deeply affected by private equity investments:
In February 2026, Arizona Attorney General Kris Mayes announced a settlement with Weidner Property Management LLC regarding the property management company utilizing Thoma Bravo’s RealPage software. RealPage (and the landlords and…
RealPage now finds itself in hot water due to its 2025 purchase of Livble, a rent payment software that offers a “Rent Now Pay Later” approach to paying rent. The property management software…
North Carolina Attorney General Jeff Jackson recently reaffirmed his commitment to the state’s ongoing lawsuit against RealPage and several landlords sued by the state for utilizing RealPage software. On February 12,…
The University of California (UC) has invested billions of dollars from its endowment and its staff retirement plan with private equity-owned landlords. These landlords own apartments, student housing, subsidized affordable housing, single-family rental homes, and manufactured home parks. …
As 2025 came to a close, there were several key developments in legal cases regarding the Thoma Bravo-owned property management software RealPage. On November 24, 2025, the US Department of Justice announced that…
On December 23, 2025, the Department of Justice announced that it had reached a settlement in its lawsuit against the private equity landlord Blackstone’s LivCor subsidiary. The DOJ’s lawsuit alleged that LivCor and…
Thoma Bravo’s RealPage has been the subject of controversy due to allegations of artificially inflating rental prices and furthering inequities within the housing market. RealPage and similar algorithmic software bans were the subject of over 44…
There has been a recent settlement related to the public movement against RealPage, the property-management software purchased by private equity firm Thoma Bravo in 2021. RealPage has been accused of assisting landlords in artificially inflating rents through…
On September 11, the Private Equity Stakeholder Project (PESP) gave public comment at the Texas County and District Retirement System (TCDRS), Board of Trustees’ Meeting about TCDRS’s investment in Thoma Bravo, the private equity firm that acquired the…
Thoma Bravo Thoma Bravo is a Chicago-based private equity firm with approximately $184 billion in assets under management. Thoma Bravo purchased property management software company RealPage in 2021 for $10.2 billion. …
On August 8, 2025, property manager Greystar settled with the US Department of Justice (DOJ) and several state Attorneys General in their ongoing lawsuit against property management software…
As the Private Equity Stakeholder Project continues to write about, RealPage is a property management software that has been the subject of ongoing controversy after being accused of facilitating rental price collusion, through…
