Attorney General Phil Weiser announces $7M settlement with corporate landlord LivCor for role in algorithmic rent-setting scheme

June 18, 2026 (DENVER) – Attorney General Phil Weiser today, as part of a bipartisan coalition of nine attorneys general, announced a $7 million settlement with LivCor, LLC, one of the property management companies named in ongoing antitrust litigation against software company RealPage.

The settlement resolves allegations that LivCor used RealPage’s revenue management system to fix rental prices with competing landlords by illegally sharing and gathering confidential pricing information. This conduct interfered with the normal competitive process and enabled landlords to keep prices higher, even in conditions when landlords naturally would lower prices.

Under today’s settlement (PDF), LivCor agrees to not use software offered by any company that uses competitively sensitive information to fix rent prices and agrees to cooperate in the ongoing prosecution of RealPage and other defendant landlords.

“Coloradans are getting squeezed by the high cost of housing. It’s outrageous that corporate landlords use algorithms to collude, artificially hike rents, and maximize their profits off the backs of workers, seniors, families who are just looking for a place to live. Ending the use of algorithmic rental price fixing is just one of many tools we need to level the playing field. Today’s settlement will end this anticompetitive conduct and bring fairness back to the market for renters,” said Attorney General Weiser.

RealPage uses algorithmic models to recommend price increases to subscribers. As alleged the January 2025 antitrust lawsuit, LivCor and other landlords, including five co-defendants, shared competitively sensitive data to generate pricing recommendations using RealPage’s algorithms. LivCor and other landlords discussed competitively sensitive topics — including pricing strategies, rents, and selected parameters for RealPage’s software — directly with each other.

RealPage knew what competing landlords were charging and could increase profits for landlords by using that nonpublic information to recommend landlords set or raise their prices uniformly, thereby eliminating competition. This scheme left renters with no choice but to pay artificially high prices.

As of February 2025, LivCor managed 10 properties in Colorado totaling 3,352 units that used RealPage’s pricing software.

Today’s settlement, subject to court approval, requires LivCor to pay $7 million in penalties and fees to the states. LivCor must also:

  • Cease use of any revenue management software that uses competitors’ nonpublic pricing data to generate rent recommendations. LivCor has stopped using RealPage software.
  • Refrain from sharing competitively sensitive pricing information with rival landlords or property managers.
  • Establish an antitrust compliance and training program.
  • Accept a court-appointed monitor if it uses a third-party pricing algorithm that is not certified pursuant to the terms of the consent decree.
  • Cooperate fully with the states’ ongoing litigation against RealPage and remaining defendants.
  • Colorado will receive $841,500 from the settlement to be held by the attorney general and used for reimbursement of actual costs and attorneys’ fees, future consumer protection or antitrust enforcement, consumer education, or public welfare purposes.

This is the third settlement reached in this litigation. Attorney General Weiser announced a settlement with Cortland in April 2025 and a $7 million settlement with corporate landlord Greystar in November 2025. Litigation against RealPage and the remaining property management defendants—Camden, Pinnacle, and Willow Bridge—is ongoing.

In securing this settlement, Attorney General Weiser joins the attorneys general of California, Connecticut, Illinois, Massachusetts, Minnesota, North Carolina, Oregon, and Tennessee.

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Media Contact:
Lawrence Pacheco
Chief Communications Officer
(720) 508-6553 office
lawrence.pacheco@coag.gov