2 — November 2025 — M id A tlantic Real Estate Journal Mid Atlantic Real Estate Journal 1/8 Page, November 21 SELLER ORDERED ONLINE ONLY AUCTION Bid Online November 28 th - December 4 th FORMER RITE AID - 10,908 ± SF BUILDING ON 2.15 ± ACRE CORNER LOT
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M id A tlantic Real Estate Journal
M id A tlantic R eal E state J ournal Publisher, Conference Producer ..............Linda Christman VP, Conference Producer .............................Lea Christman Editor/Graphic Artist ......................................Karen Vachon Contributing Columnist ...................Pedro David Espinoza, Pan Peru USA Mid Atlantic R eal E state J ournal ~ Published Monthly Periodicals postage paid at Hingham, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal 117 HMS Halsted Dr., Hingham, MA 02043 USPS #22-358 | Vol. 37, Issue 11 Subscription rates: 1 year $99.00, 2 years $148.50, 3 years $247.50 & $4.00 single issue - plus postage
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Property Location: 865 Route 45, Pilesgrove, NJ
Pedro David Espinoza
Property Location: 865 Route 45, Pilesgrove, NJ
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What the RealPage Settlement Means for Real Estate Tech T he real estate industry has lagged behind in leveraging AI to im- prove data analytics due to issues with data quality and fragmentation. The most pop- ular proptech tools that have emerged from AI are those that create a robust and reli- able data pool. However, a recent US De- partment of Justice civil an- titrust lawsuit reveals that real estate companies must be extremely cautious when tapping into AI-driven plat- forms that promise access to reliable, data-driven insights. The suit alleges that the Re- alPage platform, which uses AI to “leverage data insights and monetize space to create incremental yields,” provided landlords with a service that constituted price fixing. The case highlights the chal- lenges that regulators face in overseeing the use of AI tools. It also points to a shift in the proptech industry that could
Freestanding 10,908± SF building (Built 1999) on 2.15± Acres Former Rite Aid - Built for Purpose with Double Stack Drive Thru Corner of Route 40 & Route 45 in a Retail Center - ACME, Wendy’s, Hallmark and Tractor Supply and Wawa across the street.
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bring greater transparency to AI development and application. Comprehensive renter data allegedly fuels anticompetitive practices The recent DOJ lawsuit tar- geting RealPage and a number of top landlords focuses on algorithmic pricing, a practice that leverages AI-driven data analytics to identify and de- termine rental rates that opti- mize rental income. According to RealPage’s website, its AI Revenue Management module gives landlords “transparent and straightforward recom- mendations that leverage AI modeling to strategically bal- ance rent and occupancy.” The DOJ alleges that the “strategic balance” landlords gain from using RealPage vio- lates the law because it draws upon nonpublic, competitively
sensitive information about rental rates and lease terms to train the platform’s algorith- mic pricing process. The suit was expanded in early 2025 to target several high-profile landlords whom the DOJ claims subverted free-market competition by using “algo- rithmic coordination and other anticompetitive practices.” One of the landlords named in the updated suit, a ma- jor developer and property manager, signed a proposed settlement agreement with the DOJ in August 2025. Under the terms of the agreement, the developer committed to refrain from using “any an- ticompetitive algorithm that generates pricing recommen- dations using its competitors’ competitively sensitive data continued on page 36
Firmly Rooted in the Law and in the Community We are well grounded in every facet of real estate law, from acquisition to construction. We are committed to serving the needs of our clients and our communities.
Contact: NEIL A. STEIN • nstein@kaplaw.com 910 Harvest Drive, Blue Bell, PA 19422-0765 • 610-941-2469 • kaplaw.com Other Offices: • Cherry Hill, NJ 856-675-1550 • Philadelphia, PA 215-567-3120 Kaplin Stewart Attorneys at Law
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