NYSE:CPTResidential REITs
Camden Settlement Clarifies Rent Software Risks And Valuation Opportunity
Camden Property Trust agreed to a $53 million settlement in a major class action lawsuit over alleged use of rent setting software to coordinate rent increases.
The settlement addresses Camden's historical use of RealPage's revenue management tools and related data practices across its multifamily portfolio.
The agreement includes commitments on how Camden will use revenue management software and data going forward, with implications for compliance practices in the wider apartment...