NYSE:MAAResidential REITs
Mid-America Apartment Communities Settlement Puts Revenue Software Practices In Focus
Mid-America Apartment Communities (NYSE: MAA) has agreed to a $53 million settlement to resolve a class action lawsuit related to its business practices.
The agreement, which includes both financial and operational commitments, remains subject to court approval.
The settlement covers MAA's use of revenue management software and may change if class member opt outs reach a high level.
MAA is a large owner and operator of multifamily rental properties, so legal outcomes tied to its leasing and...