Equity Residential reached a $56 million settlement to resolve a consolidated class action antitrust lawsuit involving RealPage, Inc. software. The settlement covers all claims related to alleged rent price fixing and includes legal fees and administrative costs. The company will record a $56 million loss contingency reserve in its Q1 2026 financial statements. The settlement includes prospective business practice commitments that the company states are consistent with current operations. The agreement remains subject to preliminary and final approval by the United States District Court for the Middle District of Tennessee.