- Washington AG Nick Brown reached a $7 million settlement with FPI Management, several property owners, and related entities to resolve allegations that they violated the Consumer Protection Act through deceptive senior-housing practices.
- The consent decree addresses claims that the companies misled tenants by creating the impression that rents were based on tenants’ personal income, when monthly rents could instead rise at renewal based on Area Median Income, market conditions, and other factors.
- The AG further alleged that the properties were deceptively marketed as “luxury,” “resort style,” and “gated” or “controlled access,” despite known issues with amenities, unit features, or security-related conditions.
- Under the settlement, the defendants will pay $2.5 million and commit $4.5 million to capital improvements; the agreement also mandates staff training, security reviews, and clearer rent disclosures.