The settlement
Attorney General Brian Schwalb announced on September 14, 2026 that JBG Associates, L.L.C. — the entity associated with JBG Smith — and Mid-America Apartments had agreed to pay a combined $9.3 million to resolve the District of Columbia's antitrust lawsuit over the use of RealPage pricing software.
The two settlements are separate agreements. JBG Smith owns more than 4,500 apartment units in the District; Mid-America Apartments owns 269. Both companies agreed to change business practices as part of the resolution.
The concentration figure
The attorney general's office stated that well over 30 percent of the District's multifamily apartments in buildings of five or more units, and approximately 60 percent of units in large multifamily buildings, used RealPage-related pricing tools.
That second figure is the one that carries the legal weight. Antitrust coordination claims turn on whether the alleged conduct could plausibly affect market prices, and a tool that touches three in five units in the large-building segment is operating at a scale where the question is at least serious. It is also a reminder that the relevant market for a renter is not the city but the specific submarket and unit type they can actually lease.
Why state cases produce money and federal ones do not
The federal action against RealPage and its landlord customers has produced conduct decrees without disclosed monetary penalties. State attorneys general, acting under state antitrust and consumer-protection statutes, have generally obtained payments — $7 million from Greystar in November 2025, $7 million from LivCor in June 2026 and now $9.3 million in the District.
The difference is remedial authority. State consumer-protection statutes typically permit civil penalties and restitution in a way the federal civil antitrust framework, in this posture, does not.
Schwalb said District residents face severe housing affordability challenges and that some of the largest residential landlords made things worse.
The split, the docket and the other defendants
Consent judgments filed in the Superior Court of the District of Columbia, Civil Division, in case No. 2023-CAB-006762 before Judge Shana Frost Matini show the two payments were not equal: JBG Associates agreed to pay $8.1 million and MAA $1.2 million, covering civil penalties, legal fees and money for affected residents.
The case, filed by the OAG in 2023 and amended in January 2025, names RealPage and 12 other defendant landlords beyond JBG Smith and MAA, according to Multifamily Dive's review of the consent orders. JBG Smith and MAA did not respond to that outlet's requests for comment.
Caveats
The consent judgments do not break out exactly how much of each settlement is designated for tenant restitution versus penalties and fees, and whether any of the remaining 12 defendant landlords have reached or are negotiating their own settlements was not established here.
How RealPage's software is alleged to have worked
The attorney general's office describes RealPage's revenue-management product as relying on non-public, competitively sensitive pricing data supplied by the landlords who subscribe to it. RealPage uses that pooled data to estimate supply and demand for specific geographic areas and unit types, then generates a recommended rental price for each subscriber. The OAG's theory is that pooling competitors' confidential data this way functions as coordination rather than independent pricing.
In the District's complaint, JBG Smith is alleged to have used the software to set rents at multiple properties, while MAA is alleged to have used it at a single property; both companies are among 12 other defendant landlords named alongside RealPage. JBG Smith and MAA did not respond to requests for comment from Multifamily Dive or from local broadcaster WJLA.