Gerston v. Parma VTA, L.L.C.

2024 Ohio 3005
CourtOhio Court of Appeals
DecidedAugust 8, 2024
Docket112607
StatusPublished
Cited by3 cases

This text of 2024 Ohio 3005 (Gerston v. Parma VTA, L.L.C.) is published on Counsel Stack Legal Research, covering Ohio Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Gerston v. Parma VTA, L.L.C., 2024 Ohio 3005 (Ohio Ct. App. 2024).

Opinion

[Cite as Gerston v. Parma VTA, L.L.C., 2024-Ohio-3005.]

COURT OF APPEALS OF OHIO

EIGHTH APPELLATE DISTRICT COUNTY OF CUYAHOGA

KIMBERLEE GERSTON, TRUSTEE, ET AL., :

Plaintiffs-Appellants, : No. 112607 v. :

PARMA VTA, LLC, ET AL., :

Defendants-Appellees. :

JOURNAL ENTRY AND OPINION

JUDGMENT: AFFIRMED RELEASED AND JOURNALIZED: August 8, 2024

Civil Appeal from the Cuyahoga County Court of Common Pleas Case No. CV-14-829947

Appearances:

Zagrans Law Firm, LLC, and Eric H. Zagrans; Goldberg Legal Co., L.P.A., and Steven M. Goldberg; and Richardson Patrick Westbrook & Brickman, LLC, and Karl E. Novak, for appellants.

McCarthy, Lebit, Crystal & Liffman Co., L.P.A., Mark I. Wallach, and Lawrence R. Acton, for appellees.

FRANK DANIEL CELEBREZZE, III, J.:

Kimberlee A. Gerston (“Gerston”), trustee of the Gerston Family Trust

(“the trust”), and Parma GE 7400 (“GE 7400”) (collectively “appellants”) appeal four judgments from the trial court, one dated May 19, 2022; two from August 24,

2022; and one from March 14, 2023, following the damages portion of the bifurcated

trial of this matter. After a thorough review of the record and law, this court affirms.

I. Factual and Procedural History

This matter has been pending since 2014 and is currently before this

court for the fourth time. Gerston v. Parma VTA, L.L.C., 2018-Ohio-2185 (8th Dist.)

(“Gerston I”); Gerston v. Parma VTA, L.L.C., 2020-Ohio-3455 (8th Dist.) (“Gerston

II”); and Gerston v. Parma VTA, LLC, 2023-Ohio-1563 (8th Dist.) (“Gerston III”).

Gerston II and Gerston III pertain to issues surrounding arbitration and are

unrelated to the instant appeal.

In 2005, Alan Robbins (“Robbins”) approached his friend Kenneth

Gerston (“Kenneth”) about purchasing a piece of commercial real estate located at

7400 Broadview Road in Parma, Ohio (“the property”), which is currently leased by

a grocery store tenant, Giant Eagle. Robbins and Kenneth agreed to purchase the

property through separate limited liability companies formed for the sole purpose

of effectuating this purchase. Kenneth formed GE 7400, LLC and was the sole

member during his lifetime. Robbins formed Parma VTA LLC (“Parma VTA”).

GE 7400 and Parma VTA owned and managed the property pursuant

to a tenancy-in-common agreement (“TIC agreement”). Pursuant to the agreement,

GE 7400 owned a 76.62 percent majority interest in the property and Parma VTA

owned a minority 23.38 percent interest in the property. As part of the purchase, both GE 7400 and Parma VTA assumed an

existing loan on the property in the amount of $8,067,791.21, as evidenced by a

consent to transfer a loan assumption agreement dated October 4, 2005 (“the

consent agreement”). Therefore, the parties were required to put up the difference

between the outstanding loan and the $11,151,311.21 purchase price of the property.

Robbins put down $500,000 in earnest money that was utilized for the purchase

price. The transaction closed on October 4, 2005, and Kenneth and Robbins agreed

that Robbins would loan the entirety of the difference between the existing loan and

the purchase price to GE 7400.

For the mortgage lender to permit the transfer of the property to GE

7400, the consent agreement required Robbins and Kenneth to assume the

guarantor’s obligation and execute personal guarantee agreements, guaranteeing

GE 7400 and Parma VTA under the mortgage loan. Robbins and Kenneth both

signed personal guaranties of the $8,067,791.21 loan.

Kenneth passed away suddenly and unexpectedly on August 31, 2010.

His membership interest in GE 7400 passed to the trust, of which Gerston was the

trustee.

After Kenneth’s death, Robbins and the other appellees “attempted to

strip [the trust] of ownership interest in the property and GE 7400.” In February

2014, Robbins attempted to sell a portion of GE 7400’s ownership to a buyer. The

intended buyer, while doing their due diligence, was concerned that Robbins did not have legal ownership of GE 7400 and demanded to see proof that Kenneth had

assigned his interest in GE 7400 to Robbins.

Robbins contacted Gerston and asked that she execute a document that

purported to disclaim her financial or ownership interest in the property. The

document also provided that GE 7400 was owned solely by one of Robbins’s other

business entities. Gerston declined to sign the agreement and asked Robbins to

produce something from Kenneth demonstrating that this was his intent. Robbins

was unable to produce such proof.

Parma VTA, LLC; Robbins; Leah Robbins; GE 7400; and others

(collectively, “appellees”), instead caused a certificate of amendment to be filed with

the secretary of state in Delaware and attempted to amend the certificate of

formation of GE 7400 to reflect that one of Robbins’s other business entities was the

sole owner of GE 7400. Neither Kenneth nor Gerston signed off on this purported

transfer of ownership.

Even though Kenneth never transferred or changed his ownership in

GE 7400 during his lifetime, appellees amended transactional documents to provide

that one of Robbins’s entities was the sole member of GE 7400 and that Leah

Robbins was the manager of GE 7400. In March 2016, Leah Robbins signed a

limited warranty deed transferring GE 7400’s 76.62 percent ownership to Parma

VTA, without Gerston’s knowledge and without any consideration.

Also relevant, appellees, while purporting to operate on behalf of GE

7400, refinanced the existing mortgage loan with Ladder Capital. Appellants filed the instant action in 2014 against appellees, seeking a

declaration that the trust was the sole member of GE 7400 rather than the appellees.

The complaint alleged that after Kenneth passed away, the appellees

had “conspired and colluded to strip the Gerston Trust of its ownership interest in

[GE 7400] and the underlying [p]roperty.” The complaint also alleged that

appellees deprived appellants of rent money from the property. In addition to a

judgment declaring that the trust owned 100 percent of GE 7400, appellants sought

damages, including punitive damages, stemming from the appellees’ alleged

activities pursuant to the complaint.

Early in this case, Parma VTA filed a motion to bifurcate the trial that

was granted by the court. The court divided the trial into two phases and designated

that “Phase I” would address the rights of the parties regarding GE 7400 and “Phase

II” would address damages.

Phase I began on December 8, 2016, and lasted for eight days. The

trial judge determined that the trust was the sole member of GE 7400 and that the

trust was a majority owner of the property, owning a 76.62 percent interest in the

property. The trial court also found that all transactions “involving or that

purported to involve [GE 7400] after the death of [Kenneth] are void and of no

effect.” The appellees appealed and this court affirmed the trial court’s judgment in

Gerston I.

Pertinent to this appeal, the Gerston I Court determined that after [Kenneth’s] death, in 2014, Parma VTA (Robbins’s entity) refinanced the loan on the property with Ladder Capital, which was not a party to this action, and the original loan with Global [Mortgage], who also was not a party to the action, was paid off on behalf of Parma GE 7400 and Parma VTA.

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Bluebook (online)
2024 Ohio 3005, Counsel Stack Legal Research, https://law.counselstack.com/opinion/gerston-v-parma-vta-llc-ohioctapp-2024.