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Stock impact report

Washington, DC, sues MAA for alleged deceptive advertising [Yahoo! Finance]

Mid-America Apartment Communities, Inc. (MAA) 
Last mid-america apartment communities, inc. earnings: 1/29 04:16 pm Check Earnings Report
US:NYSE Investor Relations: ir.maac.com
Company Research Source: Yahoo! Finance
Dive Brief: On Monday, Brian Schwalb, attorney general for Washington, D.C., filed a lawsuit against Mid-America Apartment Communities, also known as MAA, and its subsidiaries, Mid-America Apartments LP and Post 1499 Massachusetts LLC, for allegedly charging junk fees and hiding the true cost of rent from prospective tenants, according to court documents. MAA owns and manages a 269-unit apartment building located at 1499 Massachusetts Ave. NW. The Office of the Attorney General alleges that the REIT overcharged tenants and violated DC law by assessing a variety of illegal fees for services already included in the rent, according to the suit, filed in the Superior Court of the District of Columbia. In the lawsuit, the OAG claims that MAA misled prospective tenants by advertising deceptively low “starting at” prices that did not include mandatory fees, which were therefore not available to anyone. “ MAA has been nickel-and-diming DC tenants with illegal hidden fees and concealing Show less Read more
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