Another real estate investor who worked with Kevin Burns on the purchase of a property in Rochester claims he was unfairly denied title deeds and his former partner “went into hiding.”
Long Island-based Medford Rochester LLC, managed by Rajan Vohola, said just under $600,000 was paid to Burns and an LLC controlled by Burns for ownership of the two apartment complexes, documents show. It alleges it was never filed with the Monroe County Clerk’s Office.
Vohola alleges that Burns endorsed two checks in November 2017. One is for sole ownership of 349-355 Alexander Street for $294,000, and the other is for ownership of 27 Buena Place for $296,300, but the property cannot be transferred to Medford Rochester. There wasn’t.
The allegations are part of a complaint filed Thursday in Monroe County State Supreme Court against KTB Capital VI LLC, BC Fund II LLC (also known as BC Fund 2 LLC), KTB Holdings LLC, 27 Buena Place LLC, and KTB Capital LLC. It was held inside.
Vohora is represented by Thomas Knab, managing partner at Underberg & Kessler LLP. Mr. Nabb also represents Daniel Braverman, Jeffrey Braverman, and Jacqueline Braverman in legal actions filed against Burns and its affiliated LLCs in July and October.
The Bravermans claim they owe nearly $500,000 because some or all of the money they invested in real estate investments was misdirected to other interests and never paid back. Daniel Braverman claims that at least some of the investment funds were used to launch Gentleman Farmer, a line of men’s grooming products run by Burns and his wife Maud. A confession of judgment was submitted to the court on behalf of Mr and Mrs Braverman.
Medford-Rochester, through Vohola, said in court documents that its relationship with Burns began in 2009 when it purchased property on Gibbs Street from the defendants. Mr. Burns’ management company, Grove Street Management, continued to serve Medford-Rochester after the sale.
Negotiations to purchase the property at Alexander Street and Buena Place began in 2017, according to court documents. These transactions were completed later that year.
Grove Street Management also continued to provide management services for these properties until May 2021.
It wasn’t until June of this year that Vohola learned that the ownership of Alexander Street and Buena Place was no longer controlled by Medford-Rochester, after he purchased the property from an LLC controlled by Barnes. Ta.
The complaint alleges that “on information and belief, Barnes went into hiding” to avoid serving documents from Medford-Rochester and the Braverman family.
The Bravermans hired a private investigator to locate Barnes, but were unsuccessful. “…Burns could not be located at any of the addresses where he was known to have resided in the past or at any known addresses of his business,” the Medford-Rochester lawsuit states. ing.
Court documents also say Tamra James, a senior vice president at Grove Street Management, did not respond to requests for assistance in obtaining ownership documents.
“With Barnes in hiding, Medford-Rochester does not have the ability to produce the documents for the Alexander Street property and Buena Place real estate transactions in the ordinary course of business,” the complaint states.
The plaintiffs are therefore asking the court to declare Medford-Rochester as the property owner and to correct county and state records.
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