Mid America Apartment Communities Inc. has reached a settlement agreement to resolve its involvement in a class action lawsuit that alleged the company, along with RealPage and around 50 other major apartment owners and operators, conspired to artificially inflate multifamily residential rental prices through the use of RealPage's revenue management software. The lawsuit was centralized in the U.S. District Court for the Middle District of Tennessee in April 2023. The company has not admitted any fault or liability as part of the settlement and stated that resolving the matter will help it avoid the costs and distraction of extended litigation. The company also noted that the settlement reduces legal uncertainty and risk associated with complex antitrust litigation. Approval of the settlement is still pending court review. If the agreement is not approved, the company plans to continue defending itself in the litigation.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mid America Apartment Communities Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-027241), on January 28, 2026, and is solely responsible for the information contained therein.