Remen Okoruwa, Co-Founder and CEO of Propexo, recently shared insights with Multifamily Dive on how the Department of Justice's antitrust lawsuit against RealPage is reshaping data sharing practices in the multifamily industry.
In the article, Okoruwa highlighted a significant shift in data processing agreements, noting that major REITs are now implementing stricter vendor policies that prohibit data aggregation beyond specified purposes. Okoruwa predicted this trend will continue, observing that "everyone's looking at what's happening to RealPage, and it's really clear that this will change things," while emphasizing the industry's need for clearer guidelines around permissible data sharing practices.
He also raised concerns about potential broader implications beyond pricing data, suggesting that other forms of data sharing could face similar scrutiny.
You can read the full analysis at https://www.multifamilydive.com/news/data-processing-agenda-tech-companies-information-sharing/729664/.
