Two D.C. Landlords settle for $9.3 million in D.C. AG's rent price fixing lawsuit. JBG Smith and Mid-America Apartments were accused of using RealPage software in a rent inflation scheme. Sep 14, 2026 · 2:14 p.m. ET Two D.C. apartment landlords will pay a combined $9.3 million to settle a lawsuit accusing them of illegally using a pricing software to collude with other firms and drive up rents across the city, the D.C. attorney general's office announced Monday. JBG Smith, a Bethesda-based real estate investment trust that owns over 4,500 units in D.C., agreed to pay $8.1 million, marking the largest financial settlement in the case to date. Mid-America Apartments (MAA), a Tennessee-based real estate investment trust with 269 units, will pay $1.2 million. The landlords are the latest to settle in the attorney general's case that accused 14 local firms of using pricing software from RealPage to inflate rents for about 58,000 multifamily housing units across the District, according to the complaint. The attorney general alleged that RealPage used confidential data to assess the supply and demand for units in specific neighborhoods and then drive up rents. The software caused "District renters to pay millions of dollars they would not have." At the time of the lawsuit, RealPage software contributed to pricing 30% of multifamily units in D.C. That percentage grows to 60% when just accounting for large multifamily buildings. The D.C. neighborhoods most affected by the alleged collusion were Navy Yard, NoMa, Dupont Circle, Forest Hills, Logan Circle, Observatory Circle, Adams Morgan, Southwest Waterfront and Shaw, according to the complaint. JBG owned several buildings at the time of the lawsuit, but the complaint specifically noted The Batley in Union Market and West Half in Navy Yard. MAA owned Post Massachusetts Avenue near Logan Circle. So far, the attorney general has secured $11.55 million in settlements. Bell Partners and Avenue5 Residential agreed in June to each pay $700,000 in civil penalties, money to impacted residents, and legal fees. William C. Smith was the first to settle in June 2025, agreeing to pay $1.05 million. A JBG Smith spokesperson had no "additional comment" regarding the settlement. Mid-America Apartments did not respond to a request for comment. Attorney General Brian Schwalb said in a news release that housing affordability is a major problem in D.C., "and yet some of the largest residential landlords made things worse by illegally colluding to artificially push rents even higher." He added that his office is focused on maintaining a fair and competitive housing market "that law-abiding landlords can compete on a level playing field, and that D.C. residents who want to live in the District can afford to live here." As part of the settlement, both firms deny wrongdoing. JBG Smith and MAA also agreed to change how they operate their businesses for 10 and 8 years, respectively. This includes no longer using rent-setting software that draws on data from other landlords that is not publicly available, and barring the companies and their employees from sharing their own non-public pricing and occupancy data with other landlords. JBG Smith has had a series of financial woes in recent months. In August, a judge ordered the company to pay $356 million for failing to make structural upgrades to Woodley Park's Wardman Tower, despite marketing the condos as swanky units and selling them at luxury prices, The Washington Business Journal reported. The judgment caused the publicly traded company to delay its second-quarter earnings report. Weeks ago, JBG Smith exited a mixed-use development deal in Union Market with Gallaudet University, according to the Business Journal. RealPage's algorithmic rent-setting practices first came to public attention after a 2022 ProPublica expose. In the years that followed, the company and dozens of large landlords were sued by the District of Columbia, Arizona, New Jersey, and the U.S. Department of Justice. Multiple class-action lawsuits were also filed against the company, and multiple states have passed laws against algorithmic rent-setting. RealPage and individual landlords have since settled many of these lawsuits, with combined payouts totaling the hundreds of millions of dollars. Late last year, the Department of Justice also reached a settlement with RealPage that would restrict its use of nonpublic, competitively sensitive information to set rents. Alyssa Fowers contributed to this report. Business & Development Reporter Jaclyn Peiser is a reporter for City Cast DC, where she covers business, development, and real estate.

JBG SMITH (JBGS) extends its $690M revolving credit facility to 2030 and ups its term loan to $415M, with SOFR+1.50% pricing.

JBG Smith warns appealing Wardman Tower judgment could 'impact our liquidity' By Michael Neibauer - Managing Editor, Washington Business Journal Aug 10, 2026 Updated Aug 10, 2026 11:11am EDT Preview this article 1 min CEO Matt Kelly says the judgment was a "shocking surprise." Don't Stop Here - Continue Reading For $1 Per Week Secure 4 weeks of award-winning news and trusted insights Subscribe for only $4 * How Wardman Tower condo owners won a $356M judgment against JBG Smith How Wardman Tower condo owners won a $356M judgment against JBG Smith * JBG Smith postpones earnings after $356M lawsuit judgment JBG Smith postpones earnings after $356M lawsuit judgment * Central Place Residences sells for $206M, with a condo twist Central Place Residences sells for $206M, with a condo twist * Monument Realty buys Virginia property from JBG Smith Monument Realty buys Virginia property from JBG Smith