Streambend Properties III, LLC v. Sexton Lofts, LLC

587 F. App'x 350

• Court: Court of Appeals for the Eighth Circuit
• Decided: December 30, 2014
• Docket: 14-1450
• Status: Unpublished

Opinion

PER CURIAM.

Appellants Streambend Properties III, LLC, and Streambend Properties IV, LLC (collectively “Streambend”), appeal the district court’s 1 dismissal of claims brought against various defendants that invested in Sexton Lofts, LLC, a real estate development located in Minneapolis, Minnesota. The claims arise out of Streambend’s attempt to purchase two condominium units in Sexton Lofts. On appeal, Streambend argues that the district court erred in the following respects:

(1) by dismissing Streambend’s Interstate Land Sales Full Disclosure Act claims on the ground that they are barred by the Act’s three-year statute of limitations under 15 U.S.C § 1711(a)(2);

(2) by dismissing Streambend’s Minnesota Common Interest Ownership Act claim on the ground that Streambend was not a “purchaser” within the meaning of the Act;

(3) by dismissing Streambend’s fraud and negligent misrepresentation claims on the ground that Streambend cannot show that it acted in reliance on any alleged representations;

(4) and by dismissing Streambend’s state law claims on res judicata grounds.

Upon de novo review, see Schaaf v. Residential Funding Corp., 517 F.3d 544, 549 (8th Cir.2008), we agree with the rationale set forth by the district court in dismissing Streambend’s claims. Seeing no error in the district court’s thorough, well-reasoned opinion, we affirm. See 8th Cir. R. 47B (stating that an affirmance without opinion is appropriate if the opinion would have no precedential value and no error of law appears).

1 . The Honorable Michael J. Davis, Chief Judge, United States District Court for the District of Minnesota.