Camden agrees to pay $53 million to settle RealPage rent-software class action
Camden entered a binding term sheet on April 7, 2026 to settle the RealPage revenue-management software class action for $53 million, subject to a long-form agreement and Court approval. The company says the payments will not affect its 2026 Core FFO or Core AFFO and do not expect them to impair its credit rating or materially affect liquidity, leverage or dividend policy.
- Aggregate settlement of $53 million, paid in two equal installments of $26.5 million
- First installment due within 45 days of the long-form agreement; second within four months
- Long-form agreement expected on or before May 7, 2026; preliminary approval motion expected by May 15, 2026
- Settlement payments to be recorded as Other Non-Operating Expenses; company does not believe there is insurance coverage