(COLORADO) — Colorado Attorney General Phil Weiser announced on Friday, April 11, that he reached an agreement with a corporate landlord company, Cortland Management, to cease using rent pricing software, RealPage. RealPage is an algorithm-driven rent-setting software that shares non-public da ta, largely provided by landlords who purchase the software and share private, sensitive property and rental data. The result was that Coloradans ended up paying millions more in rent. Weiser sued RealPage last year for illegal rental price-fixing, and afterwards added six large corporate landlords to the lawsuit as defendants, including Cortland. The settlement resolves the allegations against Cortland in the RealPage suit, and 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. “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.” Cortland will be allowed to use other third-party revenue management software to set rents, but the types and sources of data used will be heavily restricted. The company agreed not to use any non-public data from other property management companies to set rents, and not to pool or share their non-public data with any non-Cortland property owners. “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," said Weiser. ...read more read less