Will Chamberlain

Thank you for your attention to this matter and Thanksgiving wishes to you all, even the haters.

Basically, yeah.

So it's a piece of software that algorithmically was sorting prices that were going up across millions of rental properties across the country.

And it was analyzing the pricing data, sending it back to the markets, to the landlords.

One landlord that we settled with already had a million rental units under management.

And those prices, those rental prices in those local markets were going up, not down.

And so we we settled with RealPage.

We've already settled with the biggest landlord and we'll keep going.

As you know, we're very, very focused on affordability and cost of living, in particular for our young people.

Millennials spend about a third of their monthly income on their rent alone.

And then there's the cost of utilities and so on and so forth.

So that's that's we're very mission oriented around this right now.

So this was a case that was initially opened on the Biden administration.

Our cases are not done in Trump time.

We need to get faster about that.

But it was a holdover case.

And we, unlike the Biden administration, they didn't settle too many cases.

We took the view that this was one we could settle.

We could get a better deal for consumers today than if even if we went to court.

And three years from now, we prevailed after a very costly litigation involving a lot of taxpayer money and our own resources that could be better spent elsewhere.