Arizona reaches settlement with landlord accused of rental price-fixing through Thoma Bravo’s RealPage

 In February 2026, Arizona Attorney General Kris Mayes announced a settlement with Weidner Property Management LLC regarding the property management company utilizing Thoma Bravo’s RealPage software. RealPage (and the landlords and property managers accused of utilizing the property management software) have been in legal hot water for several years due to allegations of RealPage facilitating price collusion among competing landlords. Arizona sued RealPage in 2024. 

In announcing the lawsuit, Attorney General Mayes said, “In the last two years, residential rents in Phoenix and Tucson have risen by at least 30% in large part because of this conspiracy that stifled fair competition and essentially established a rental monopoly in our state’s two largest metro areas. RealPage and its co-defendants must be held accountable for their role in the astronomical rent increases forced on Arizonans.”

In March 2025, Attorney General Mayes wrote a letter to US Attorney General  Pam Bondi asking for the Department of Justice to continue its lawsuit against RealPage. 

On the settlement Attorney General Mayes stated that “Arizona renters deserve a fair and competitive housing market—not one manipulated by secret algorithms and backroom deals. This settlement not only stops harmful practices but also provides direct assistance to renters.” 

In the settlement (in which Weidner did not admit guilt) the property management company agreed to the following terms

• Paying $1 million to Wildfire, an Arizona nonprofit that provides rental assistance through Arizona’s community action agencies. The funds will be earmarked for current and former tenants of Weidner properties, with $500,000 donated by February 28, 2026, and the remaining $500,000 by January 31, 2027.
• No longer using revenue management products that rely on competitors’ nonpublic data or that incentivize acceptance of algorithm-driven rent recommendations.
• Not sharing or soliciting competitively sensitive rental data from other property managers or owners.
• Providing annual certifications and reports to the Attorney General’s Office verifying compliance.

“Arizona renters deserve a housing market that actually competes, one where landlords are fighting for their renters business, not coordinating with each other to extract as much money as possible from those renters,” Mayes said at the settlement announcement. The office will continue to pursue their lawsuits against the other remaining landlords it launched lawsuits against in February 2024. Those landlords are AMC (Apartment Management Consultants LLC),  Avenue5 Residential, Camden Property Trust,,HSL Properties, RPM Living and four private equity owned companies; BH Properties, Crow Holdings, Greystar, and Trammell Crow Residential.