An office landlord in Centennial denies pocketing a quarter million dollars in inadvertent rent from a real estate tech firm and is suing the ex-tenant for not paying enough rent.
Hoehn Management Group owns Highland Place I at 8085 S. Chester St. in Centennial and is poised to purchase the neighboring and distressed Highland Place II. In August, it was sued for $750,000 by a former tenant of Highland Place I, California’s Yardi Systems Inc.
Yardi, which creates phone apps that help tenants monitor rent payments, says it accidentally paid $15,000 in rent for 16 consecutive months after closing its local offices in 2023.
“While Yardi correctly did not send payment in October 2023, it, due to inadvertence, sent payments to Hoehn each month from November 2023 to February 2025 in the amount of $14,996 per month by check,” according to its summer lawsuit. “Each inadvertent payment was endorsed by Hoehn, deposited into its account, and subsequently cleared.”
Yardi noticed its mistake in March and demanded a refund of its $239,930, plus $10,000 for furniture that Hoehn supposedly agreed to buy. When it was denied, it sued.
In a response to that lawsuit filed Sept. 18, Hoehn Management had a different story to tell.
“Defendants deny any payments made by (Yardi) were due to inadvertence,” Hoehn wrote.
According to the landlord, Yardi never moved out in the fall of 2023. Instead, its furniture and equipment remained, making it a holdover tenant and requiring it to pay a holdover rate of $22,493 per month between October 2023 and November 2024, when it left. Hoehn Management, owned by Jonathan Hoehn, denies he agreed to buy Yardi’s furniture.
Hoehn is countersuing for about $75,000, the difference between the $240,000 in rent that Yardi paid and the nearly $315,000 that it should have paid, according to its former landlord.
Yardi is represented by the attorneys John Hawk IV, Tyler Owen and David Berkley with the Denver and California offices of Womble Bond Dickinson, who declined to comment.
Hoehn’s lawyer is Michael Connolly with the Connolly Law Firm out of Lone Tree.
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