RealPage Appoints New President and CEO
Richardson-based RealPage, a leading provider of AI software platforms for the real estate industry, has appointed Dirk Wakeham its new president and CEO.
Wakeham previously was managing director of Vista Equity Partners and was president of RealPage after its acquisition of LeasingDesk, the company he founded. He previously led software-related firms Zego, Kibo, Lanyon and storEDGE.
Wakeham succeeds Dana Jones, who has served as RealPage’s president and CEO since 2021. He also joins the company’s board of directors in conjunction with his immediate appointment.
“Returning to RealPage feels like coming home,” Wakeham said in a statement. “I’m honored to step into this role at such an important moment for the company and our industry.”
About RealPage
RealPage’s software handles the marketing, leasing, operations and financials for over 24 million rental units worldwide. The firm’s headquarters is at Lakeside Campus, a large office campus on Lakeside Boulevard in Richardson.
Richardson-based RealPage has appointed Dirk Wakeham as its new President and CEO.
Courtesy of RealPage
Challenges Facing RealPage
The U.S. Department of Justice filed a civil antitrust lawsuit against RealPage in 2024, accusing the firm of taking part in an unlawful scheme to decrease competition among landlords in apartment pricing.
The company previously said it was willing to work with the DOJ to resolve concerns about the legality of its algorithmic pricing software.
State attorneys general and major landlords are currently sparring over proposed settlements in a separate 2023 class-action lawsuit over price-fixing allegations tied to the landlords’ use of RealPage’s rent-setting software, Multifamily Dive reported last week.
Stay Informed
D-FW Real Estate News
Conclusion
In conclusion, RealPage has appointed a new president and CEO, Dirk Wakeham, who has a strong background in the software industry. The company faces challenges, including a civil antitrust lawsuit and a class-action lawsuit, but is committed to resolving these issues. With its software handling the marketing, leasing, operations, and financials for over 24 million rental units worldwide, RealPage is a major player in the real estate industry.
Frequently Asked Questions
Q: Who is the new president and CEO of RealPage?
A: Dirk Wakeham is the new president and CEO of RealPage.
Q: What is RealPage’s software used for?
A: RealPage’s software handles the marketing, leasing, operations, and financials for over 24 million rental units worldwide.
Q: What challenges is RealPage facing?
A: RealPage is facing a civil antitrust lawsuit and a class-action lawsuit over price-fixing allegations tied to the landlords’ use of RealPage’s rent-setting software.
Q: How can I stay informed about real estate news?
A: You can stay informed about real estate news by signing up for D-FW Real Estate News and agreeing to the Terms of Service and Privacy Policy.
