Racine announced today that his office has reached a settlement that will provide restitution to long-term residents of an apartment building where the management company and owner allowed two short-term-rental firms to illegally operate apartments like hotel rooms.
Attorney General Racine is seeking to stop the alleged illegal activity, which reduces the supply of affordable apartments available to District residents, and to recover unpaid taxes, restitution, penalties, and costs from the defendants. OAG has now successfully settled with four defendants in the case and obtained restitution for long-term tenants in each of those settlements.
The owner T-C and operator Greystar of Mass Court allowed Ginosi to operate 11 short-term rentals in the building since , and a second company, Revestment LLC, to operate another 7 short-term rental units in the building. During the course of the litigation, OAG learned that Revestment also operated short-term rentals at Mass Court and ensured that the settlement included restitution for consumers who made complaints against rentals operated by Ginosi or Revestment.
A copy of the original lawsuit and associated documents is available here. April 17, As part of the agreement, T-C and Greystar agreed to: Take steps to terminate all leases with Ginosi and Revestment; Cease engaging in any further business or partnerships that sell illegal short-term rentals; Pay restitution to the long-term tenants who have lodged a complaint regarding any short-term renter associated with Ginosi or Revestment before the signing of the settlement.
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