---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-024527"
form_type: "8-K"
ticker: "CPT"
cik: "0000906345"
company_name: "CAMDEN PROPERTY TRUST"
filed_at: "2026-04-09T23:59:59+00:00"
generated_at: "2026-05-15T06:51:45.363950+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Camden Property Trust settles RealPage antitrust class action for $53M

## Summary
- Binding term sheet signed April 7, 2026; long-form settlement due by May 7, 2026; subject to court approval.
- Total settlement of $53M paid in two equal installments of $26.5M (first within 45 days, second within 4 months).
- Settlement includes commitments on nonpublic data and revenue management software; no admission of liability.
- No impact on 2026 Core FFO/Core AFFO; no change to dividend or capital allocation; no insurance coverage.
- Company will continue defending other pending litigation not covered by this settlement.

## SEC filing metadata
- accession: 0001628280-26-024527
- form_type: 8-K
- ticker: CPT
- cik: 0000906345
- company_name: CAMDEN PROPERTY TRUST
- filed_at: 2026-04-09T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/906345/000162828026024527/0001628280-26-024527-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/906345/000162828026024527/cpt-20260407.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-024527
- JSON: https://secwatch.observer/filing/0001628280-26-024527.json
- Plain text: https://secwatch.observer/filing/0001628280-26-024527.txt

## Source-grounded claims
- claim_id: c9602e11a1a0ec9510470fc6491edb665910a72b
  claim: CAMDEN PROPERTY TRUST entered into binding term sheet with the named plaintiffs in the Class Action Litigation, individually and on behalf of the class members (together, the "Plaintiffs") valued at $53 million (effective 2026-04-07).
  evidence_excerpt: On April 7, 2026, Camden Property Trust, on behalf of itself and related entities (collectively, the “Company”) entered into a binding term sheet for a settlement with the named plaintiffs in the Class Action Litigation, individually and on behalf of the class members (together, the “Plaintiffs”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/906345/000162828026024527/0001628280-26-024527-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.