Some Houston-area renters may be in line for compensation from a proposed $360 million settlement tied to claims that large apartment owners and managers relied on software to raise rents.
Even though the court fight has not fully wrapped up, eligible tenants can already start submitting claims.
Here’s what to know
According to The Houston Chronicle, as republished by Yahoo! News, the federal class action suit was filed in Tennessee in 2023 against about 50 defendants overall, and it includes allegations that more than 20 Houston-area multifamily firms used RealPage revenue management software to coordinate rent prices.
The outlet reported that many of the defendants — including major firms such as Camden Property Trust and Greystar — have chosen to settle without admitting wrongdoing, while cases continue against others. The agreement has received preliminary approval from a judge and is expected to be finalized in October. RealPage, its private equity owner Thoma Bravo, and a smaller group of landlords are still contesting the lawsuit…