Attorney General Phil Weiser secures agreement from corporate landlord Cortland to end illegal use of rent pricing software
April 11, 2025 (DENVER) – Attorney General Phil Weiser announced today that he has secured an agreement with corporate landlord Cortland Management not to use non-public data from algorithm-driven rent-setting software RealPage. Weiser is joined in the settlement by North Carolina Attorney General Jeff Jackson.
Last year, Weiser sued Texas-based revenue management software company RealPage for illegal rental price-fixing that resulted in Coloradans paying millions more in rent. RealPage’s platform relies heavily on landlords who purchase the software sharing private, sensitive property and rental data.
After suing RealPage, Weiser later added six large corporate landlords to the suit as defendants, including Cortland. The settlement announced today resolves the allegations against Cortland in the RealPage suit. Previously, Cortland settled with the U.S. Department of Justice over similar allegations. Cortland has also agreed to assist Colorado in its ongoing lawsuit against RealPage.
“Coloradans who are struggling to make ends meet are getting hammered by high rent prices, and landlords that collude using private data from RealPage are a part of the problem,” said Weiser. “We are always looking at collaborative solutions when it comes to ensuring a competitive and fair marketplace, and I’m glad that Cortland will no longer be using non-public data from RealPage or software like it to set rents. I will continue to hold accountable any landlord that engages in irresponsible, harmful, and anticompetitive conduct that harms renters by colluding to jack up rents.”
Though Cortland will be allowed to use third-party revenue management software to set rents, the types and sources of data they can use will be heavily restricted. As part of the settlement, the company agrees not to use any non-public data from other property management companies to set rents, not to pool or combine non-public data from Cortland-run properties with different owners, and not to share such data with any non-Cortland property owners. Additionally, they will no longer be allowed to use any software that incorporates artificial rent floors or price decrease limits.
To ensure cooperation with the settlement, Colorado and North Carolina will have the right to participate in compliance inspections and review compliance information Cortland shares with federal officials under the terms of their settlement with DOJ.
Coloradans who believe their landlords are engaging in conduct that violates state law are encouraged to file a complaint with the attorney general at StopFraudColorado.gov
###