Camden RealPage Lawsuit Reaches $53M Settlement

Camden Property Trust has reached a $53 million settlement in multidistrict class-action litigation in Tennessee federal court that accused the REIT and dozens of the country’s biggest landlords of using RealPage’s property management software to coordinate rent increases, according to an April 7 U.S. Securities and Exchange Commission filing.

The Houston-headquartered REIT is the latest operator to agree to pay to resolve claims that it conspired to artificially inflate multifamily residential rents through the use of RealPage’s algorithmic pricing software.

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