A proposed group of class action settlements totaling $359.925 million could provide cash payments to renters who paid rent at certain multifamily properties that used RealPage revenue-management software.
The litigation alleges that apartment owners and managers shared nonpublic information through RealPage software and used pricing recommendations that inflated rents. The settling defendants deny wrongdoing, and the court has not decided which side is right. The agreements still require final court approval.
Who may be included
The settlement class generally covers people and entities in the United States and its territories who paid rent on at least one multifamily residential lease directly to an owner, manager, or owner-operator at a property licensed to use certain RealPage revenue-management products. The class period runs from October 18, 2018 through November 21, 2025.
The products identified in the notice include RealPage Revenue Management Solutions, Lease Rent Options, YieldStar, and AI Revenue Management. The official settlement website provides a Property List that renters can use to check whether a building may qualify for payment.
There is an important distinction in the notice: a renter may still be considered part of the settlement class even if a building is not on the Property List, but payment eligibility requires that the renter leased a unit at a property on that list. Receiving a notice also does not guarantee eligibility or payment.
How payments would be calculated
The settling defendants agreed to contribute $359.925 million to a common fund. After court-approved administration costs, taxes, attorneys' fees, expenses, service awards, and other approved deductions, the remaining net fund would be distributed to eligible claimants.
The notice does not provide a fixed payment estimate. Payments would be calculated under a court-approved allocation plan, generally using the amount of rent paid during the class period and adjustments based on estimated overcharges. The final amount would also depend on the number of valid claims and the deductions approved by the court.
The agreements include noncash terms as well. Settling defendants agreed not to provide nonpublic data to RealPage for competitor pricing recommendations and not to use RealPage software that relies on nonpublic competitor data for those recommendations. Most also agreed to waive certain arbitration, class-action-waiver, and jury-trial-waiver rights for the claims at issue. Some defendants remain in the litigation, so the settlements do not end every claim in the broader case.
The January 29, 2027 claim deadline
Eligible renters who want a payment must submit a complete Claim Form and any required supporting documentation online or by mail. The form must be submitted online or received by 11:59 p.m. Eastern Standard Time on January 29, 2027.
The notice says no money will be distributed immediately. Claimants must still meet the deadline so their claims can be considered after the settlements become effective and the allocation process is completed.
Renters who want to exclude themselves or object face an earlier deadline of September 1, 2026. Excluding yourself means giving up any settlement payment but preserving the ability to pursue covered claims independently. Remaining in the class generally releases covered claims against the settling parties even if no claim is filed.
What happens next
The court scheduled a fairness hearing for October 15, 2026 at 1 p.m. Central Time in Nashville, Tennessee. At that hearing, the court will consider whether the settlements are fair and whether to approve requested fees, expenses, and service awards. Class counsel may request attorneys' fees of no more than one-third of the settlement fund, plus expenses and service awards, subject to court approval.
Approval and any appeals must be resolved before payments can be distributed. Because the individual payment depends on the allocation plan and the number of valid claims, renters should be cautious about assuming a particular recovery.
Where renters can review the details
People who rented at a multifamily property during the class period can review the linked ClassActionTracker settlement page for the key dates and eligibility summary. The official notice and settlement website contain the controlling Property List, Claim Form, allocation plan, exclusions, and complete release terms. Renters should use those official materials to determine whether a property is covered and what documentation may be required.