Recent RealPage Case Decision Signals What’s Next for Revenue Management Tools

Wednesday, April 16, 2025

• Cortland’s way out: A recent decision in the RealPage case lets Cortland off the hook and paves the way for the future of multifamily revenue management software.

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Recent RealPage Case Decision Signals What’s Next for Revenue Management Tools

With all of the news about the on-again, off-again tariffs last week an important update on the RealPage trial has been overlooked.​​ A District Court in North Carolina issued a “Final Consent Judgement and Dismissal with Prejudice” for the United States of America v. RealPage, Inc case. If you remember, it wasn’t only RealPage that was being put on trial for the use of the YieldStar revenue optimization software. Some of RealPage’s largest clients were also pulled into the lawsuit as co-defendants. Now one of those defendants, Cortland, has settled (without admission of liability).

The settlement didn’t come without concessions. First, Cortland agreed to pay $100,000 in legal fees to both Colorado and North Carolina. This is still a major win for Cortland, as a summary judgment would likely have been significantly more expensive. Cortland also agreed to stop using non-public data when setting rental prices, including any non-public data provided by other property owners. Additionally, Cortland may not train its revenue management model using non-public data, nor can it disclose its own non-public data to other property owners in any form..

This judgment is great news for Cortland and provides a path to settlement for other co-defendants. It is also bad news for RealPage. Another stipulation is that Cortland is to cease all direct or indirect use of third party revenue management products. That means that RealPage’s popular YieldStar program could be considered to be a form of anticompetitive collusion.

The ten states that have agreed to the settlement are California, Colorado, Connecticut, Minnesota, North Carolina, Oregon, Tennessee, and Washington. But, that doesn’t mean Cortland—or other RealPage clients—are in the clear legally. RealPage is still being sued by the Attorneys General of the District of Columbia and Arizona, and is also facing several class action lawsuits. Cortland could still be held liable in those cases for its alleged role in illegally inflating rents. Still, the company’s executive team can breathe a little easier, with a few fewer legal battles tied to their use of the popular software.

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Propmodo Daily is written and edited by Franco Faraudo with contributions from readers like you and the Propmodo team.

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