Camden Property Trust

01/10/2025 | Press release | Distributed by Public on 01/10/2025 15:57

Material Event Form 8 K

Item 8.01

Other Events.

As disclosed in periodic reports previously filed by Camden Property Trust (the "Company") with the Securities and Exchange Commission, the Company has been named as a defendant in several cases in various jurisdictions alleging antitrust violations by RealPage, Inc. ("RealPage"), a seller of revenue management software, and owners and/or operators of multi-family housing which utilize this software, alleging collusion among the defendants to fix rents in violation of Section 1 of the Sherman Act. Additionally, as previously disclosed, the Company was served with a Civil Investigative Demand by the U.S. Department of Justice to obtain information regarding its use of revenue management software. On January 7, 2025, the Company was informed it, along with six other owners and/or operators of multi-family housing, were named to a civil lawsuit brought by the U.S. Department of Justice and ten states against RealPage with similar allegations. The Company believes each of these lawsuits is without merit and intends to vigorously defend the actions. At this stage of the proceedings, it is not possible to predict or determine the outcome nor is it possible to estimate the amount of loss, if any, associated with any adverse decision.