Haynes v. Fairview Avenue Properties, LLC

CourtDistrict Court, N.D. Illinois
DecidedDecember 6, 2023
Docket1:23-cv-01596
StatusUnknown

This text of Haynes v. Fairview Avenue Properties, LLC (Haynes v. Fairview Avenue Properties, LLC) is published on Counsel Stack Legal Research, covering District Court, N.D. Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Haynes v. Fairview Avenue Properties, LLC, (N.D. Ill. 2023).

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION GREGORY HAYNES, ) ) Plaintiff, ) No. 23 C 1596 v. ) ) Judge Virginia M. Kendall FAIRVIEW AVENUE PROPERTIES LLC, et ) al., ) ) Defendants. )

MEMORANDUM OPINION AND ORDER Plaintiff Gregory Haynes claims Defendants Laurena “Lori” Mikosz and Marcin Chojnacki tricked him into buying two run-down apartment buildings. While holding themselves out as Haynes’s real-estate brokers, Mikosz and Chojnacki allegedly fed him false assurances about the buildings’ condition and profitability. Behind the scenes, Mikosz’s and Chojnacki’s associates, the remaining Defendants, through “puppet entities,” bought the buildings and resold them to Haynes at a significant markup. Haynes sued, alleging violations of the Racketeer Influenced and Corrupt Organizations Act, 18 U.S.C. §§ 1962(c), (d), and various state-law claims. (Dkt. 27). Defendants now move to dismiss. (Dkt. 51). For the reasons below, the motion [51] is denied. BACKGROUND In October 2021, Plaintiff Gregory Haynes, a retiree in California, saw an advertisement on Instagram for CitiPoint Properties (“CitiPoint”). (Dkt. 27 ¶¶ 17, 20).1 According to the advertisement, CitiPoint helped real-estate investors find undervalued and underperforming properties—so-called “directly sourced” properties. (Id. at ¶ 20). The advertisement promised

1 At the time, CitiPoint was an “unincorporated enterprise,” organized by Defendant Marcin Chojnacki, that appeared to be a real-estate investment firm. (Id. at ¶ 15). Later, on December 28, 2022, CitiPoint reorganized as Citypoint Illinois, LLC, which is owned and controlled by non-party Citypoint Group, Inc. (Id. at ¶¶ 14–15). “rapidly increasing equity and high cash flow.” (Id.) Responding to the advertisement, Haynes sent a query to CitiPoint. (Id. at ¶ 21). Defendant Lori Mikosz, who was in Illinois, replied, explaining that her company introduces “mom and pop” apartment building owners to investors. (Id. at ¶¶ 4, 22–23). Mikosz also told Haynes that she was affiliated with Defendant Mainstreet

Property Management LLC (“Mainstreet”), a property-management company. (Id. at ¶ 24). Mikosz explained that Haynes could invest in a building that was underperforming due to its ownership and self-management by a local, unprofessional landlord. (Id. at ¶¶ 25–26). By purchasing property at a bargain and using Mainstreet’s property-management service, Mikosz proposed, Haynes could expect “substantial cash flow.” (Id. at ¶ 26). Mikosz then set up a conference call during which she and Defendant Chojnacki “welcome[d] Haynes to the CitiPoint family.” (Id. at ¶ 27). Mikosz introduced Chojnacki as Mainstreet’s principal and her managing broker at Defendant Chase Real Estate, LLC (“Chase RE”). (Id. at ¶ 27). During the welcome call, Mikosz and Chojnacki told Haynes that their team— “including lenders, building managers, maintenance, insurance, and lawyers”—could help him

become a “successful real estate investor.” (Id. at ¶ 28). Mikosz and Chojnacki led Haynes to believe that they would represent him as agents of Chase RE, a CitiPoint affiliate, and “the transactions would be safely negotiated and consummated under the auspices of Chase Real Estate.” (Id. at ¶¶ 29, 32). Both Chojnacki and Mikosz emailed Haynes from email addresses at the domain, “@mychaseagent.com.” (Id. at ¶ 30). At the time, the CitiPoint website was “a virtual reflection” of Chase RE’s website. (Id. at ¶ 31; see Dkts. 27-1, 27-2). Mikosz sent Haynes a weblink with information about three residential properties, including two that he later purchased: 12430 Fairview Ave. and 12442 Fairview Ave. (“the Properties”) in Blue Island, Illinois. (Dkt. 27 ¶¶ 33–34). Mikosz said that the “old couple” who owned the Properties had “limited property management skills.” (Id. at ¶ 35). She also told Haynes that the Properties were in good condition, and all the tenants were current on their rent. (Id. at ¶ 36). Only one unit was vacant, Mikosz explained, and it needed about $3,000 worth of work to become rentable—work which her affiliated team of contractors could complete “very quickly.”

(Id. at ¶¶ 36–37). Mikosz gave Haynes and his lender a cash-flow analysis showing that Haynes could turn a profit if he bought both Properties for $900,000. (Id. at ¶ 36). Mikosz and Chojnacki repeated these assurances throughout their dealings with Haynes. (Id. at ¶¶ 76–77). Before closing, Defendants gave Haynes a rent roll indicating that the Properties were fully leased except for one unit and that all tenants were current on their rent. (Id. at ¶ 85; Dkt. 27-4). Mikosz assured Haynes that, as his broker, she could act on his behalf to purchase the Properties from the “mom and pop” seller. (Dkt. 27 ¶ 43). Haynes believed that Mikosz and Chojnacki were acting as his agents, and he agreed to submit an offer. (Id. at ¶¶ 44–45). On October 16, 2021, Haynes entered an agreement to purchase the Properties. (Id. at ¶ 46; Dkt. 27-3). Although Mikosz and Chojnacki had repeatedly told Haynes that the counterparties to the sale

were the “long-standing owners of the Properties,” the agreement named Defendant TCF National Holdings, Inc. (“TCF National”) as the seller. (Dkt. 27 ¶¶ 46–47). TCF National’s owner and manager is Defendant Kathleen Long, who is also Chojnacki’s roommate and “paramour.” (Id. at ¶ 6). Haynes never learned about TCF National or Long during negotiations. (Id. at ¶¶ 78–79). In November 2021, Haynes traveled to Illinois to see the Properties and attend building inspections—after Mikosz tried to dissuade him from doing so. (Id. at ¶¶ 49–53). When Haynes arrived, Mikosz told him that, due to a “mix-up,” the tenants had not been “properly notified” of the inspections. (Id. at ¶ 55). Nevertheless, Mikosz assured Haynes that she had seen inside the properties and there were “no significant issues.” (Id. at ¶¶ 56, 62). Since properties like these “sell fast,” Mikosz advised Haynes that he “should not wait” to see inside the units. (Id. at ¶ 57). Haynes walked around the buildings with Mikosz’s inspector. (Id. at ¶¶ 58–59). Because “the roof, boiler, water heater, exterior bricks, and electrical all looked good,” the inspector said, there was no need to worry about the inside of the units. (Id. at ¶ 59).

After the tour, Haynes followed Mikosz to her office and met Chojnacki. (Id. at ¶¶ 60–61). Haynes said that he would be in Chicago for four days; he reiterated his desire to have a “full inspection” and see inside the units of the Properties during his visit. (Id. at ¶ 62). But four days was not enough time to give the tenants notice, Mikosz explained. (Id.) She reassured Haynes that she had seen the units herself, making further inspection unnecessary. (Id.) Again, Mikosz and Chojnacki warned Haynes that the Properties would “sell fast.” (Id. at ¶ 63). Unbeknownst to Haynes, at the time of the inspection in November 2021, Defendants were in the process of buying the Properties for $600,000. (Id. at ¶¶ 66, 70). On December 21, 2021, Long and Defendant Anand Sheth purchased the Properties through their LLCs, Mon Ami TCF LC (“Mon Ami”) and Fairview Avenue LLC (“Fairview Avenue”). (Id. at ¶¶ 8–9, 68, 81). In

February 2022, Haynes acquired title to the Properties for $900,000. (Id. at ¶ 80). Although the purchase agreement had named TCF National as the seller, the grantor on the deed was Fairview Avenue, which is owned by Mon Ami. (Id. at ¶¶ 9, 80). Fairview Avenue gave Chase RE a commission from the sale. (Id. at ¶ 115). Defendant Rebecca Irwin, an Illinois attorney, signed the deed as the “seller.” (Id. at ¶¶ 5, 87–88). Throughout the dealings with Haynes, Irwin acted on behalf of Fairview Avenue and Defendant Midwest Title and Closing Services LLC (“Midwest Title”). (Id. at ¶¶ 87).

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Haynes v. Fairview Avenue Properties, LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/haynes-v-fairview-avenue-properties-llc-ilnd-2023.