MAA, JBG Smith Settle D.C. RealPage Antitrust Case for $9.3M
Mid-America Apartments (MAA) and JBG Associates — operating as JBG Smith — have agreed to pay a total of $9.3 million in civil penalties, legal fees, and compensation to residents affected by alleged anticompetitive practices involving RealPage's pricing software. The settlements resolve claims that the companies colluded with other landlords using non-public data through RealPage’s revenue management system (RM), inflating rents across thousands of Washington D.C. apartments. The District of Columbia Attorney General, Brian Schwalb, accused MAA and JBG Smith — along with 12 other landlords — of violating the city's antitrust laws by sharing sensitive housing data to avoid competition. The settlements require both companies to stop using revenue management software that relies on confidential third-party data and prevent them from promoting such tools or accepting recommended rent prices. This case is part of a broader investigation into RealPage’s RM system, which has been used in over 30% of multifamily units with five or more apartments in D.C. The attorney general emphasized the need for fair housing markets to address affordability challenges and prevent landlords from artificially inflating rents.
Tickers: $MAA
Topics: antitrust multifamily housing real estate RealPage rent inflation