Warren Urges DOJ Review of Thoma Bravo Rental Software Unit

A group of Democratic senators is urging the US Justice Department to scrutinize whether Thoma Bravo LLC’s rental software company RealPage Inc. is fomenting rising rents across the US through its rental pricing software.

Senators Elizabeth Warren of Massachusetts and Bernie Sanders of Vermont pressed the Justice Department in a letter Thursday to examine the impact of RealPage’s YieldStar rental pricing software on consumers and on inflation amid persistent concerns about the overheating of the US economy.

YieldStar software is used by the largest property management companies to set prices on more than 20 million rental units – about …