2023-12-26 sec-litreleases pdf 246 KB 25,142 chars

SEC v. JONATHAN LARMORE, No. 2:23-cv-02470-DLR, District of Arizona (Dec. 26, 2023)

raw: WHEREAS this matter has come before this Court upon motion of the Plaintiff

WHEREAS this matter has come before this Court upon motion of the Plaintiff, No. 2:23-cv-02470-DLR (Dec. 26, 2023)

Caption
Securities and Exchange Commission v. Jonathan Larmore, et al.
Exhibit of Jonathan Larmore, et al.
Source PDF JSON
summary

The SEC obtained a temporary restraining order against Jonathan Larmore and ArciTerra Companies for alleged violations of the Investment Advisers Act and Exchange Act.

paragraph

The court order freezes the assets of the ArciTerra Funds and related entities to protect investors from ongoing violations of the Advisers Act and Exchange Act. The SEC alleges that Larmore and his affiliates engaged in fraudulent transfers of assets to entities such as CSL Investments and Spike Holdings. The court has also appointed a receiver to oversee the ArciTerra Funds and mandated a verified accounting from all defendants.

narrative

The U.S. Securities and Exchange Commission successfully obtained a temporary restraining order in the District of Arizona against Jonathan Larmore, ArciTerra Companies, LLC, and several affiliated entities. The SEC alleges violations of the Investment Advisers Act of 1940 and the Securities Exchange Act of 1934, including fraud and improper tender offer practices. To protect investors, the court ordered an immediate freeze on the assets of the ArciTerra Funds and related receivership entities. The order also targets assets fraudulently transferred to relief defendants, including CSL Investments, LLC and Spike Holdings, LLC. Additionally, the court appointed a receiver to manage the funds and prohibited the defendants from destroying or concealing documents. All defendants are required to provide a verified accounting of their assets as part of the ongoing litigation.

Enriched metadata

Scheme
investment-adviser-fraud (95%)
Court
District of Arizona
Case No.
2:23-cv-02470-DLR
Classified investment-adviser-fraud(confidence 95%). EDGAR detection: forms ADV/ADV-E/ADV-W/Form D· recall 33% / precision 13%. detection rule →
Statutes
15 U.S.C. § 78j(b)15 U.S.C. § 78n(e)17 C.F.R. §230.40517 C.F.R. § 240.10b-517 C.F.R. § 240.14e-8Sections 206(1) and 206(2) of the Investment Advisers ActSections 206(1) and 206(2) of the Investment Advisers ActSections 10(b) and 14(e) of the Securities Exchange ActSections 10(b) and 14(e) of the Securities Exchange ActRule 10b-5Rule 14e-8
Parties
Securities and Exchange CommissionJONATHAN LARMORE
Keywords
llcarciterradocument pagepreliminary injunctionreceivership entitiescv-orderdlrdocumentpagememberfurther orderedreceivershiparciterra strategiclarmore

Extracted insights

Entities 3
  • company defendants jonathan m. larmore and cole capital
  • person preliminary injunction
  • agency United States Securities And Exchange Commission
Triples 8
  • United States Securities And Exchange Commission filed motion preliminary injunction
  • Defendants Jonathan M. Larmore, ArciTerra Companies, LLC, ArciTerra Note Advisors II, LLC, ArciTerra Note Advisors III, LLC, and ArciTerra Strategic Retail Advisor, LLC temporarily restrained from violating Sections 206(1) and 206(2) of the Investment Advisers Act
  • Defendants Jonathan M. Larmore and Cole Capital temporarily restrained from violating Sections 10(b) and 14(e) of the Securities Exchange Act
  • Order temporarily froze assets of the ArciTerra Funds, the Receivership Defendants, and their affiliates
  • Order preserved assets held in constructive trust for the Receivership Entities
  • Order temporarily stayed all pending litigation
  • Order temporarily enjoined filing of any new bankruptcy, foreclosure, receivership, or other actions
  • Order required all Defendants and Relief Defendants to show cause why the order should not continue
PDF
WHEREAS this matter has come before this Court upon motion of the Plaintiff · Source
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Extracted body text (25,142c) 
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IN THE UNITED STATES DISTRICT COURT
FOR THE DISTRICT OF ARIZONA

United    States    Securities    and    Exchange
Commission,

Plaintiff,

v.

Jonathan Larmore, et al.,

Defendants.
No. CV-23-02470-PHX-DLR

TEMPORARY RESTRAINING
ORDER

WHEREAS this  matter  has  come  before  this  Court  upon  motion  of  the  Plaintiff
U.S. Securities and Exchange Commission (“SEC” or “Plaintiff”) for entry of an Order
pending the adjudication of Plaintiff’s forthcoming Motion for  a  Preliminary  Injunction
proving the following relief:
(1) temporarily  restraining  (i) Defendants Jonathan M. Larmore (“Larmore”),
ArciTerra Companies, LLC (“ArciTerra”), ArciTerra Note Advisors II, LLC (“Fund II
Advisors”),  ArciTerra  Note  Advisors  III,  LLC  (“Fund  III  Advisors”),  and  ArciTerra
Strategic  Retail  Advisor,  LLC  (“ASR  Advisor”), from  violating  Sections  206(1)  and
206(2) of the Investment Advisers Act of 1940 (“Advisers Act”) [15 U.S.C. §§ 80b-6(1)
and  80b-6(2)];  and  (ii)  Defendants  Larmore  and  Cole  Capital  from  violating  Sections
10(b)  and 14(e) of the Securities Exchange Act of 1934 (“Exchange Act”) [15 U.S.C.
§§ 78j(b) and 78n(e)] and Rules 10b-5 and 14e-8 thereunder [17 C.F.R. §§ 240.10b-5 and
240.14e-8] (collectively, “Defendants”);

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(2) temporarily appointing a  receiver  in  the above-captioned  action  to  protect
investors in investment funds (the “ArciTerra Funds”) owned or controlled by one or
more  of  Defendants  Larmore,  ArciTerra,  Fund  II  Advisors,  Fund  III  Advisors and ASR
Advisor (collectively, and excluding Larmore, the “Receivership Defendants”);
(3) temporarily  freezing  the  assets of  the  ArciTerra  Funds,  the  Receivership
Defendants,  and  the  known  and  unknown  Affiliates  of  the  Receivership  Defendants
(collectively,  the  “Receivership  Entities”),
1
 and preserving those   assets   of   the
Receivership  Entities  held  in  constructive  trust  for  the  Receivership  Entities  that  were
fraudulently   or   improperly   transferred   out   of   the   Receivership   Entities   to   CSL
Investments, LLC (“CSL Investments”), Spike Holdings, LLC (“Spike Holdings”), MML
Investments,  LLC  (“MML  Investments”),  and  JMMAL  Investments,  LLC  (“JMMAL
Investments”) (collectively, the “Entity Relief Defendants”); and/or may otherwise be
includable   as   assets   of   the   estates   of   the   Receivership   Entities   (collectively,   the
“Recoverable Assets”);
(4) temporarily staying  all  pending  litigation  and temporarily  enjoining  the
filing of any new bankruptcy, foreclosure, receivership, or other actions by or against the
Receivership Entities;
(5) ordering a verified accounting by all Defendants and all Relief Defendants;
(6) providing that the parties may take expedited discovery in preparation for a
preliminary injunction hearing;
(7) prohibiting Defendants from destroying, altering, or concealing documents;
and
(8) requiring  all  Defendants  and  Relief  Defendants  to  show  cause  why  this
order should not continue until resolution of the merits of the litigation.

1
 For purposes of this Order, the term “Affiliate” has the meaning ascribed to it in
Rule 405 of the Securities Act of 1933, 17 C.F.R. §230.405 (“An affiliate of, or person
affiliated  with,  a  specified  person,  is  a  person  that  directly,  or  indirectly  through  one  or
more  intermediaries,  controls  or  is  controlled  by,  or  is  under  common  control  with,  the
person specified.”). A non-exhaustive list of Receivership Entities is attached as Exhibit
A to this Order.

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 The Court has considered the Complaint filed by Plaintiff; Plaintiff’s ex  parte
motion for a temporary restraining order, the appointment of a receiver, asset freezes, and
other  relief,  including  Plaintiff’s  supporting  memorandum  of  law and  supplemental
memorandum of points and authorities, the Declarations of Michael Foley and Heather E.
Marlow and the exhibits attached thereto. The Court has also considered the Opposition
of Defendants and the Limited Opposition of Intervenors.
 Based  upon  the  foregoing,  the  Court  finds  that  a  proper  showing,  as  required  by
Section  21(d)  of  the  Exchange  Act and  Section  209(c)  of  the  Advisers  Act,  has  been
made  for  the  relief granted  herein,  for  the  following  reasons (a  separate  order  addresses
the  SEC’s  request  for  appointment  of  a  receiver,  anti-litigation  injunction,  and  asset
freezes):
1. It appears from the evidence presented that (i) Defendants Larmore, Fund II
Advisors,  and Fund  III  Advisors, have  violated,  and  unless  temporarily  restrained,  will
continue  to  violate,  Sections  206(1)  and  206(2)  of  the  Advisers  Act  [15  U.S.C.  §§  80b-
6(1) and 80b-6(2)]; (ii) Defendants Larmore, ArciTerra, and ASR Advisor have aided and
abetted violations  of,  and  unless  temporarily  restrained,  will  continue  to  aid  and  abet
violations of, Sections 206(1) and 206(2) of the Advisers Act [15 U.S.C. §§ 80b-6(1) and
80b-6(2)];  and  (iii)  Defendants  Larmore  and  Cole  Capital  have  violated,  and  unless
temporarily restrained, will continue to violate, Sections 10(b) and 14(e) of the Exchange
Act  [15 U.S.C.  §§ 78j(b) and 78n(e)] and  Rules 10b-5  and  14e-8 thereunder  [17 C.F.R.
§§ 240.10b-5 and 240.14e-8].
2. It  appears  that  an  order  requiring Defendants  and  Relief  Defendants  to
provide  a  verified  accounting  of  their  assets,  including  the  use  of  the  Receivership
Entities’ assets, is necessary to effectuate and ensure compliance with the freeze imposed
on their assets and to locate assets for the benefit of investors.
3. It appears that expedited discovery is necessary to aid in the preparation for
any hearing on conversion of the TRO to a preliminary injunction.

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4. It   appears   that   an   order   preventing   the   destruction,   alteration   or
concealment of relevant documents is necessary.
5. This  Court  has  jurisdiction  over  the  subject  matter  of  this  action  and  over
Defendants, and venue properly lies in this District.
6. There  is  good  cause  to  schedule  the  hearing  for  preliminary  injunction  on
February 27, 2023, because of the complex nature of the case, the schedule of the parties,
the recent retention of counsel for Defendants, and the consent of the Defendants.
 NOW, THEREFORE,
I.
IT  IS  HEREBY  ORDERED that,  pending  a  hearing  and  determination  of
Plaintiff’s Motion for  a  Preliminary  Injunction,  Defendants Larmore, ArciTerra,  ASR
Advisor, Fund II Advisors, and Fund III Advisors are temporarily restrained and enjoined
from violating, directly or indirectly, Section 206(1) and 206(2) of the Advisers Act [15
U.S.C. §§ 80b-6(1) and 80b-6(2)], by use of the mails or means and instrumentalities of
interstate  commerce:  (a)  with  scienter,  employing  devices,  schemes, or  artifices  to
defraud  clients  or  prospective  clients;  and  (b)  engaging  in  transactions,  practices,  or
courses  of  business  which  operated  as  a  fraud  or  deceit  upon  clients  or  prospective
clients; while acting as investment advisers.
 IT  IS  FURTHER  ORDERED that,  as  provided  in  Federal  Rule  of  Civil
Procedure 65(d)(2), the foregoing paragraph also binds the following who receive actual
notice of this Order by personal service or otherwise: (a) Defendants’ officers, agents,
servants,   employees,   and   attorneys;   and   (b)   other   persons   in   active   concert   or
participation with Defendants or with anyone described in (a).
II.
 IT  IS  FURTHER  ORDERED that,  pending  a  hearing  and  determination  of
Plaintiff’s  Application  for  a  Preliminary  Injunction,  Defendants Larmore  and Cole
Capital are temporarily restrained  from violating Section 10(b) of the Exchange  Act [15
U.S.C.  §  78j(b)]  and  Rule  10b-5  promulgated  thereunder  [17  C.F.R.  §  240.10b-5],  by

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using  any  means  or  instrumentality  of  interstate  commerce,  or  of  the  mails,  or of  any
facility  of  any  national  securities  exchange,  in  connection  with  the  purchase  or  sale  of
any security:
(a) to employ any device, scheme, or artifice to defraud;
(b) to make any untrue statement of a material fact or to omit to state a material
fact  necessary  in  order  to  make  the  statements  made,  in  the  light  of  the
circumstances under which they were made, not misleading; or
(c) to  engage  in  any  act,  practice,  or  course  of  business  which  operates  or
would operate as a fraud or deceit upon any person.
 IT  IS  FURTHER  ORDERED that,  as  provided  in  Federal  Rule  of  Civil
Procedure 65(d)(2), the foregoing paragraph also binds the following who receive actual
notice of this Order by personal service or otherwise: (a) Defendants’ officers, agents,
servants,   employees,   and attorneys;   and   (b)   other   persons   in   active   concert   or
participation with Defendants or with anyone described in (a).
III.
 IT  IS FURTHER  ORDERED that,  pending  a  hearing  and  determination  of
Plaintiff’s  Application  for  a  Preliminary  Injunction,  Defendants  Larmore  and  Cole
Capital are  temporarily  restrained  and  enjoined  from  violating  Section  14(e)  of  the
Exchange Act [15 U.S.C. § 78n(e)] and Rule 14e-8 [17 C.F.R. § 240.14e-8] promulgated
thereunder, in connection with any tender offer or request or invitation for tenders, from
engaging  in  any  fraudulent,  deceptive,  or  manipulative  act  or  practice,  by: (1)  making
untrue statements of a material fact or omitting to state material facts necessary in order
to  make  the  statements  made,  in  the  light  of  the  circumstances  under  which  they  were
made, not misleading; and (2) engaging in fraudulent, deceptive, or manipulative acts or
practices, in connection with a tender offer.
 IT  IS  FURTHER  ORDERED that,  as  provided  in  Federal  Rule  of  Civil
Procedure 65(d)(2), the foregoing paragraph also binds the following who receive actual
notice of this Final Judgment by personal service or otherwise: (a) Defendants’ officers,

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agents,  servants,  employees,  and  attorneys;  and  (b)  other  persons  in  active  concert  or
participation with Defendants or with anyone described in (a).
IV.
 IT  IS  FURTHER  ORDERED that,  pending  a  hearing  and  determination  of
Plaintiff’s  Application  for  a  Preliminary  Injunction,  Defendant Larmore and  Relief
Defendants  Marcia  Larmore  and  Michelle  Larmore shall  file  with  this  Court  and  serve
upon  Plaintiff, by  no  later  than January  26,  2024, a  verified  written  accounting  signed
under penalty of perjury, of their assets and their use of the Receivership Entities’ assets,
by  email  (sent  to [email protected])  on  Plaintiff’s  counsel, John  Han,  Securities  and
Exchange  Commission, 44  Montgomery St.,  Suite  2800,  San  Francisco,  California
94104.
V.
 IT  IS  FURTHER  ORDERED that  discovery  in  advance  of  a  hearing  on
Plaintiff’s Application for a Preliminary Injunction is expedited as follows: pursuant to
Rules  26, 30, 34,  and  45  of  the  Federal  Rules  of Civil  Procedure,  and  without  the
requirement  of  a  meeting  pursuant  to  Fed.  R.  Civ.  P.  26(f),  the  parties  may (unless
otherwise agreed by the parties):
(1) Take  depositions,  subject  to seven (7) calendar days’ notice by email, or
otherwise;
(2) Obtain the  production  of documents  from  parties within fourteen (14)
calendar  days  from  service  by  email,  or  by  means  that  provide  actual
notice, of a request or subpoena;
(3) Obtain the production of documents from third-parties, within fourteen (14)
calendar days from service by email, or by means that provide actual notice
of a request or subpoena from any persons  or entities, including non-party
witnesses;
(4) Make  service  of  any  discovery  requests,  notices,  or  subpoenas  by  email,
personal  service,  facsimile,  overnight  courier,  or  first-class  mail  on  an

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individual, entity, or the individual’s or entity’s attorney.
(5) The Parties shall meet and confer regarding expedited discovery and inform
the court of any disagreements by January 17, 2024.
VI.
 IT  IS  FURTHER  ORDERED that,  pending  a  hearing  and  determination  of
Plaintiff’s Motion for a Preliminary Injunction, Defendants, any person or entity acting at
their direction or on their behalf, and any other third party, be and hereby are (1) enjoined
and  restrained  from  destroying,  altering,  concealing, or  otherwise  interfering  with  the
access of Plaintiff and the Receiver to any and all documents, books, and records that are
in  the  possession,  custody  or  control  of  Defendants,  the  Receivership  Entities,  and  each
of   their   respective   officers,   agents,   employees,   servants,   accountants,   financial   or
brokerage    institutions,    or    attorneys-in-fact,    subsidiaries,    affiliates,    predecessors,
successors, and  related  entities,  that  refer,  reflect  or  relate  to  the  allegations  in  the
Complaint,   including,   without   limitation,   documents,   books   and   records   referring,
reflecting, or  relating  to  Defendants’  and  Receivership  Entities’  finances  or  business
operations, or the offer, purchase, or sale of securities and the use of proceeds therefrom;
and (2) ordered to provide all reasonable cooperation to the Receiver in carrying out his
duties set forth herein.
VII.
 IT  IS  FURTHER  ORDERED that  this  Order  shall  be,  and  is,  binding  upon
Defendants and Relief Defendants, and each of their respective officers, agents, servants,
employees,  attorneys-in-fact,  subsidiaries,  affiliates, and  those  persons  in  active  concert
or  participation  with  them  who  receive  actual  notice  of  this  Order  by  personal  service,
facsimile service, or otherwise.
VIII.
IT  IS FURTHER  ORDERED that,  for  good  cause  and  with  the  consent  of  the
Defendants, Plaintiff, each Defendant, and each Relief Defendant or their attorneys shall
appear  before  this  Court  at 9:00 o’clock, a.m.,  on  the 27th day  of February,  2024,  in

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Courtroom 606 of the United States Courthouse, Phoenix, Arizona, to show cause, if any
exists, why this Court should not enter a preliminary injunction extending the temporary
restraining  order, appointment  of  receiver,  asset  freeze,  and  other  relief  granted  in  this
Order until a final adjudication on the merits may be had. Plaintiffs shall file by ECF its
motion   for   preliminary   injunction   by February   15,   2024. Defendants   and   Relief
Defendants  shall  file any  oppositions  to  the  motion  for  preliminary  injunction  by
February 21,  2024. The  Plaintiff  shall  file  any  reply  by  February 23,  2024. This  Order
shall remain in full force and effect pending further order of the Court.
SO ORDERED.
 Dated this 21st day of December, 2023.

Douglas L. Rayes
United States District Judge

EXHIBIT A

EXHIBIT A 
 
RECEIVERSHIP ENTITIES 
 
1000 WEST MARION PG FL, LLC 
1921 GALLATIN PIKE NASHVILLE TN, LLC 
2006 OPERATING PARTNERSHIP, L.P. 
2513 E NORTH STREET KENDALLVILLE IN, LLC 
412 CROSS OAKS MALL PLAINWELL ML, LLC 
5339 ELVIS PRESLEY BLVD. MEMPHIS TN, LLC 
5450 US HIGHWAY 80 EAST PEARL MS, LLC 
60
 COLONIAL PROMENADE PARKWAY ALABASTER AL, LLC 
601 RETTA FL, LLC 
601 TRENTON ROAD MCALLEN TX, LLC 
613 RETTA FL, LLC 
700 NORTH GRAND AVENUE MT. PLEASANT, 1A, LLC 
751W RETTA ESPLANDE FL, LLC 
752 SOUTH ANDY GRIFFITH PARKWAY MT AIRY NC, LLC 
7525 PINE VALLEY LANE OWNER, LLC 
8001 VAUGHN 
ROAD MONTGOMERY AL, LLC 
81 JAMESON LANE GREENVILLE AL, LLC 
880 W MARION AVE FL, LLC 
900 WEST MARION AVENUE FL, LLC 
ALOHA POP UP PRODUCTIONS, LLC 
ARCITERRA AA BARBOURVILLE KY, LLC 
ARCITERRA AA LINCOLN NE, LLC 
ARCITERRA AA MANISTEE ML, LLC 
ARCITERRA AA PAPILLION NE, LLC 
ARCITERRA AA PEARL MS,
 LLC 
ARCITERRA AA THEODORE AL, LLC 
ARCITERRA AA WEST LIBERTY KY, LLC  
ARCITERRA AZ SLIDELL LA, LLC 
ARCITERRA AZ TEMPLE GA, LLC 
ARCITERRA AZ WILLIS TX, LLC 
ARCITERRA BELL YORK SC, LLC 
ARCITERRA BP OLATHE KS, LLC 
ARCITERRA CH NEW ORLEANS LA, LLC 

ARCITERRA COMMERCIAL PROPERTY REIT, LP 
ARCITERRA COMMERICAL PROPERTY REIT, INC. 
ARCITERRA COMPANIES, LLC 
ARCITERRA CV LAFAYETTE LA, LLC 
ARCITERRA CV TARPON SPRINGS FL, LLC 
ARCITERRA DESIGN, LLC 
ARCITERRA DG CAMPBELLSVILLE KY, LLC 
ARCITERRA DG GREENVILLE KY, LLC 
ARCITERRA DG JUNCTION CITY KY, LLC 
ARCITERRA DG MEMPHIS TN, LLC 
ARCITERRA DG NORTH
 BEND OH, LLC 
ARCITERRA DG RAVENNA KY, LLC 
ARCITERRA DG SHEPHERDSVILLE KY, LLC 
ARCITERRA DG SOUTH CHARLESTON OH, LLC 
ARCITERRA DG WISTER OK, LLC 
ARCITERRA DKS GRAND CHUTE WL, LLC 
ARCITERRA FD BOWMAN SC, LLC 
ARCITERRA FD EHRHARDT SC, LLC 
ARCITERRA FD GREELEYVILLE SC, LLC 
ARCITERRA FD PAXVILLE SC, LLC 
ARCITERRA FD TUBERVILLE SC, LLC 
ARCITERRA FESTIVAL MONTGOMERY AL, LLC 
ARCITERRA GC JOHNSON CITY NY, LLC 
ARCITERRA GREYSTONE HOOVER AL, LLC 
ARCITERRA GROUP, LLC 
ARCITERRA HD HENDERSONVILLE TN, LLC 
ARCITERRA HD MCALLEN TX, LLC 
ARCITERRA KLS JENSEN BEACH FL, LLC 
ARCITERRA KLS WARSAW IN, LLC 
ARCITERRA KLS WAUSAU WL, LLC 
ARCITERRA
 MICHIGAN ROAD INDIANAPOLIS IN, LLC 
ARCITERRA MOV GAL GODDARD KS, LLC 
ARCITERRA MOV GAL PARK CITY KS, LLC 
ARCITERRA MW NASHVILLE TN, LLC 
ARCITERRA NATIONAL REIT, INC. 
ARCITERRA NATIONAL REIT, LP 
ARCITERRA NOBLE WEST NOBLESVILLE 1N, LLC 

ARCITERRA NOTE ADVISORS II, LLC 
ARCITERRA NOTE ADVISORS III, LLC 
ARCITERRA NOTE FUND II LLC  
ARCITERRA NOTE FUND III LLC 
ARCITERRA NS INVESTMENT CO.  
ARCITERRA OFF PEP PEARL MS, LLC 
ARCITERRA OLATHE POINTE OLATHE KS LLC 
ARCITERRA OPPORTUNITY FUND I, LLC 
ARCITERRA OR BATTLE CREEK ML, LLC  
ARCITERRA OS MT. PLEASANT
 IA, LLC 
ARCITERRA REAL ESTATE INVESTMENT TRUST, INC. 
ARCITERRA REGIONS LAMARQUE TX, LLC 
ARCITERRA REIT I MEMBER, LLC 
ARCITERRA REIT I MEMBER, LLC 
ARCITERRA REIT I MEMBER, LLC 
ARCITERRA REIT RSC, LP 
ARCITERRA REIT, LP 
ARCITERRA SHOPPES AT ALABASTER AL, LLC 
ARCITERRA STAR LANCASTER OH, LLC 
ARCITERRA STRATEGIC INCOME CORPORATION‐
BELLEVILLE CROSSING IL 
ARCITERRA STRATEGIC RETAIL ‐ SUFFOLK VA, LLC 
ARCITERRA STRATEGIC RETAIL ADVISOR, LLC 
ARCITERRA STRATEGIC RETAIL ADVISOR, LLC 
ARCITERRA STRATEGIC RETAIL REIT, INC. 
ARCITERRA STRATEGIC RETAIL‐ELYRIA OH, LLC 
ARCITERRASTRATEGIC RETAIL‐PLAINFIELD VILLAGEUM, LLC 
ARCITERRA STRATEGIC RETAIL‐PLAINFILED VILLAGE IN, LLC 
ARCITERRA STRATEGIC RETAIL‐WHEATLAND IL, LLC 
ARCITERRA S‐W
 BURTON ML, LLC 
ARCITERRA S‐W KALAMAZOO ML, LLC 
ARCITERRA S‐W LORAIN OH, LLC 
ARCITERRA USB BISMARK ND, LLC 
ARCITERRA USB NEW ALBANY OH, LLC 
ARCITERRA USB ROCHESTER MN, LLC 
ARCITERRA VERMONT INDIANAPOLIS IN, LLC 
ARCITERRA VN CLARKSVILLE TN, LLC ~ 
ARCITERRA VN COLUMBIA TN LLC  

ARCITERRA VN DICKSON TN, LLC 
ARCITERRA VZ HOME GA, LLC 
ARCITERRA VZ ROME GA, LLC 
ARCITERRA WALCENT GREENVILLE AL, LLC 
ARCITERRA WALCENT KENDALLVILLE IN, LLC 
ARCITERRA WALCENT PLAINWELL ML, LLC 
ARCITERRA WESTGAGE INDIANAPOLIS MEMBER, LLC 
ARCITERRA WESTGATE INDIANAPOLIS IN II, LLC 
ARCITERRA WESTGATE INDIANAPOLIS IN, LLC 
ARCITERRA WG HOMETOWN IL, LLC
 
ARCITERRA WG KILMARNOCK VA, LLC 
ARCITERRA WG MILWAUKEE WL, LLC 
ARCITERRA WHITEFISH ADVISORS, LLC 
ARCITERRA WHITEFISH OPPORTUNITY FUND, LLC 
ARCITERRA WM DOUGLASVILLE GA, LLC 
ASR REITLP 
AT 18 MILE CENTRAL SC, LLC 
AT ALTUS CUMBERLAND GA II, LLC 
AT ALTUS CUMBERLAND GA, LLC 
AT ALTUS CUMBERLAND MEMBER, LLC 
AT ALTUS 
ECHELON IN, LLC 
AT ALTUS ROSWELL GA, LLC 
AT AUBURN PLAZA IN II, LLC 
AT AUBURN PLAZA IN, LLC 
AT AUBURN PLAZA MEMBER, LLC 
AT BELLEVILLE CROSSING IL‐INLINE, LLC 
AT BELLEVILLE CROSSING IL‐OUTLOTS LLC 
AT BLOOMINGTON IL, LLC 
AT BOUTTE LA, LLC 
AT BRIARGATE IL, LLC 
AT BUENA VISTA
 GA, LLC 
AT CANAL WINCHESTER OH, LLC 
AT CASTLETON IN ASSOCIATION MANAGER, LLC 
AT CASTLETON IN MEMBER II, LLC 
AT CASTLETON IN MEMBER, LLC 
AT CASTLETON IN MEMBER, LLC 
AT CASTLETON IN OWNER II, LLC 

AT CASTLETON IN OWNER, LLC  
AT CASTLETON IN OWNER, LLC 
AT CASTLETON IN OWNER, LLC 
AT CEDARTOWN GA OUTLOT, LLC 
AT CEDARTOWN GA, LLC 
AT CENTERVILLE GA, LLC 
AT COLONY FITZGERALD GA LLC 
AT CONCORD, LLC ' 
AT DILLON SC OUTLET, LLC 
AT EASTMAN GA II, LLC 
AT EASTMAN GA, LLC
 
AT EASTMAN GA, LLC 
AT EASTMAN MEMBER, LLC 
AT ELYRIA OH INLINE, LLC 
AT ELYRIA OH OUTLOT, LLC 
AT FL CONSTRUCTION, LLC 
AT FORUM KY MEMBER II, LLC 
AT FORUM KY MEMBER, LLC 
AT FORUM KY MEMBER, LLC 
AT FORUM LOUISVILLE KY II, LLC 
AT HL BURLINGTON IAII, LLC 
AT 
HL BURLINGTON IA, LLC 
AT HL BURLINGTON MEMBER, LLC 
AT JEFFERSON CENTER FW IN OWNER, LLC 
AT JEFFERSON CENTER FW IN, LLC 
ATJPM LINDENHURST IL, LLC 
AT LIMA PLAZA FW IN OWNER, LLC 
AT LIMA PLAZA FW IN, LLC 
AT LINDENHURST IL, LLC 
AT LONGVIEW MEMBER, LLC 
AT LONGVIEW OUTLOT NORTHEAST,
 LLC 
AT LONGVIEW OUTLOT WEST, LLC 
AT LONGVIEW TXII, LLC 
AT LONGVIEW TX, LLC 
AT LUBBOCK TX, LLC 
AT MAX FW IN OWNER, LLC ’ 
AT MAX FW IN, LLC  

AT MAYODAN MEMBER, LLC 
AT MAYODAN NCII, LLC 
AT MAYODAN NC, LLC 
AT MF VEGAS, LLC 
AT MIDWAY ELYRIA OH, LLC 
AT ML LEASEHOLD HI, LLC 
AT ML MANAGEMENT HI LLC 
AT MMH HI LLC 
AT MT. PLEASANT LOT 2, LLC 
AT NEW LENOX IL‐GL, LLC 
AT NEW LENOX IL
‐ INLINE, LLC 
AT NEW LENOX IL‐INLINE II, LLC 
AT NEW LENOX IL‐OUTLOTS, LLC 
AT NEW LENOX‐IL MEMBER, LLC 
AT NEW WEST CLIFTON CO, LLC 
AT OLATHE MANAGER, LLC 
AT OLATHE MANAGER, LLC 
AT PINE VALLEY FW IN OWNER, LLC 
AT PINE VALLEY FW IN, LLC 
AT PLAINFIELD 
VILLAGE IN II, LLC 
AT PLAINFIELD VILLAGE IN, LLC 
AT PLAINFIELD VILLAGE MEMBER, LLC 
AT PORTLAND COMMONS IN OWNER, LLC 
AT PORTLAND COMMONS IN, LLC 
AT PT DANVILLE IL II, LLC 
AT PT DANVILLE IL, LLC 
AT PT DANVILLE MEMBER, LLC 
AT SALEM IL OUTLOT, LLC 
AT SALISBURY NC OUTLOT, LLC
 
AT SANDERSVILLE GA, LLC 
AT SEVEN HILLS AURORA CO II, LLC 
AT SEVEN HILLS AURORA CO, LLC  
AT SEVEN HILLS AURORA CO, LLC 
AT SEVEN HILLS AURORA MEMBER, LLC 
AT STATESBORO SQUARE GA, LLC 
AT SUFFOLK VA2B‐2, LLC 
AT SUFFOLK VA2B‐3, LLC 

AT SUFFOLK VA2B‐5, LLC 
AT SUFFOLK VA 2B‐6, LLC 
AT SUFFOLK VABWW, LLC 
AT SUFFOLK VA SC, LLC 
AT SUWANEE DEPOT GA, LLC 
AT SWEDEN MEMBER, LLC 
AT SWEDEN NY II, LLC 
AT SWEDEN NY, LLC 
AT SWEEDEN NY OUTLOT, LLC 
AT TIFFANY SQUARE ROCKY MOUNT NC, LLC 
AT
 TOWNE SQUARE ROME GA, LLC 
ATVILLA PLATTE LA II, LLC 
AT VILLA PLATTE MEMBER, LLC 
AT VILLE PLATTE LA, LLC  
AT WHEATLAND NAPERVILLE IL, LLC 
AT WILDWOOD PLAZA MO, LLC 
ATA CHERRY CREEK IL, LLC 
ATA CYPRESS TOWN CENTER TX, LLC 
ATA FISHVILLE FL, LLC 
ATA FISHVILLE MANAGEMENT, LLC 
ATA 
FORUM LOUISVILLE KY, LLC 
ATA FORUM LOUISVILLE,LLC 
ATA HIRAM SQUARE GA, LLC 
ATA LANIER FAYETTEVILLE GA II, LLC 
ATA LANIER FAYETTEVILLE GA, LLC 
ATA LANIER FAYETTEVILLE MEMBER, LLC 
ATA MERCADO ST. AUGUSTINE FL, LLC 
ATA PALENCIA ST. AUGUSTINE FL, LLC 
ATA PLAZA OK, LLC 
ATA PRESTON PLAZA KY, LLC 
ATA ROGERS
 BRIDGE GA, LLC 
ATA STONE LITHONIA GA, LLC 
ATA TRINITY PLACE TN, LLC 
ATG REIT RSC, LP 
ATR 32, LLC   
BPS, L.L.C. 
BPS, L.L.C. OF ALABAMA 

BELLEVILLE IL OUTLOT 6, LLC 
BLACK POINT RD, LLC 
BREWHOUSE CENTER COURT, LLC 
CASTLETON SHOPPING CENTER MK DISPOSITION, LLC 
CASTLETON SHOPPING CENTER MK DISPOSITION, LLC 
CHOVIA SHOPS MT AIRY NC, LLC 
CSL INVESTMENTS, LLC 
COLE CAPITAL FUNDS, LLC 
DB COMMERCIAL MANAGEMENT, LLC 
FISHVILLE KIOSK MEMBER, LLC 
FK TELLURIDE, LLC 
FUDGE IS
 US PG, LLC 
FV BUILDING 13, LLC 
FV BUILDING 15, LLC 
GLENROSA 32, LLC 
HARBOURVIEW MARKETPLACE, LLC 
HARBOURVIEW STATION WEST, LLC 
HELENA STAR MT, LLC 
JB FISHVILLE HARBOR LAND LLC 
JB FISHVILLE RETAIL LAND LLC 
JB FORUM LAND, LLC 
JB ML LAND HI, LLC ~ 
JB OLATHE OUTLOT 2, LLC 
JB RE INVESTMENTS, LLC 
JB SEVEN HILLS, LLC 
JB SEVEN HILLS, LLC  
JB TRANSPORTATION, LLC 
JBM ACQUIST10NS LLC 
JJ RESTAURANT HOLDINGS, LLC 
JMLBC G4, LLC 
JML MANAGER, LLC 
JML TRUST MANAGER, LLC 
LEGAL FLOAT LENDING, LLC   
LOUISVILLE RESTAURANT PARTNERS, LLC 
LOWER 5629 ROCKRIDGE ROAD, LLC 
MML INVESTMENTS, LLC 
JMMAL INVESTMENTS, LLC
 

MONTGOMERY MATTRESS, LLC 
MONTGOMERY MATTRESS, LLC 
PG HOSPITALITY, LLC 
PG WATERFRONT HOSPITALITY, LLC 
PT PLAZA, LLC    
SAML BAR AND GRILL, LLC 
SPIKE HOLDINGS AZ, LLC 
STAR MT, LLC 
STAR OH, LLC 
THE EXCHANGE PLAINWELL ML, LLC 
UPPER 5629 ROCKRIDGE ROAD, LLC   
VBH PG, LLC  
WALCENT ARKADELPHIA AK, LLC 
WALCENT ELK/IN, LLC
 
WALCENT KENDALLVILLE IN, LLC 
WALCENT LAWTON OK, LLC 
WALCENT MORRILTON AK, LLC 
WALCENT NEWC/IN, LLC 
WALCENT PLAINWELL ML, LLC 
WALCENT SHELBY ML, LLC 
WALCENT SHOPS SUWANEE GA, LLC 
WALCENT WAYNESBORO MS, LLC 
WAWASEE WATERCRAFTS, LLC 
WHEATLAND CROSSING OWNERS ASSOCIATION 
WHEATLAND MARKETPLACE LOT 7 CONDOMINIUM ASSN. 
WHITEFISH OPPORTUNITY FUND, LLC
OCR text (26,572c · tika · 95% conf) 
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IN THE UNITED STATES DISTRICT COURT 

FOR THE DISTRICT OF ARIZONA 
 

 
United States Securities and Exchange 
Commission, 
 

Plaintiff, 
 
v.  
 
Jonathan Larmore, et al., 
 

Defendants. 

No. CV-23-02470-PHX-DLR 
 
TEMPORARY RESTRAINING 
ORDER  
 

 
 

 

WHEREAS this matter has come before this Court upon motion of the Plaintiff 

U.S. Securities and Exchange Commission (“SEC” or “Plaintiff”) for entry of an Order 

pending the adjudication of Plaintiff’s forthcoming Motion for a Preliminary Injunction 

proving the following relief:  

(1) temporarily restraining (i) Defendants Jonathan M. Larmore (“Larmore”), 

ArciTerra Companies, LLC (“ArciTerra”), ArciTerra Note Advisors II, LLC (“Fund II 

Advisors”), ArciTerra Note Advisors III, LLC (“Fund III Advisors”), and ArciTerra 

Strategic Retail Advisor, LLC (“ASR Advisor”), from violating Sections 206(1) and 

206(2) of the Investment Advisers Act of 1940 (“Advisers Act”) [15 U.S.C. §§ 80b-6(1) 

and 80b-6(2)]; and (ii) Defendants Larmore and Cole Capital from violating Sections 

10(b) and 14(e) of the Securities Exchange Act of 1934 (“Exchange Act”) [15 U.S.C. 

§§ 78j(b) and 78n(e)] and Rules 10b-5 and 14e-8 thereunder [17 C.F.R. §§ 240.10b-5 and 

240.14e-8] (collectively, “Defendants”);  

Case 2:23-cv-02470-DLR   Document 78   Filed 12/21/23   Page 1 of 18



 

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(2) temporarily appointing a receiver in the above-captioned action to protect 

investors in investment funds (the “ArciTerra Funds”) owned or controlled by one or 

more of Defendants Larmore, ArciTerra, Fund II Advisors, Fund III Advisors and ASR 

Advisor (collectively, and excluding Larmore, the “Receivership Defendants”); 

(3) temporarily freezing the assets of the ArciTerra Funds, the Receivership 

Defendants, and the known and unknown Affiliates of the Receivership Defendants 

(collectively, the “Receivership Entities”),1 and preserving those assets of the 

Receivership Entities held in constructive trust for the Receivership Entities that were 

fraudulently or improperly transferred out of the Receivership Entities to CSL 

Investments, LLC (“CSL Investments”), Spike Holdings, LLC (“Spike Holdings”), MML 

Investments, LLC (“MML Investments”), and JMMAL Investments, LLC (“JMMAL 

Investments”) (collectively, the “Entity Relief Defendants”); and/or may otherwise be 

includable as assets of the estates of the Receivership Entities (collectively, the 

“Recoverable Assets”);  

(4) temporarily staying all pending litigation and temporarily enjoining the 

filing of any new bankruptcy, foreclosure, receivership, or other actions by or against the 

Receivership Entities;  

(5) ordering a verified accounting by all Defendants and all Relief Defendants; 

(6) providing that the parties may take expedited discovery in preparation for a 

preliminary injunction hearing;  

(7) prohibiting Defendants from destroying, altering, or concealing documents; 

and 

(8) requiring all Defendants and Relief Defendants to show cause why this 

order should not continue until resolution of the merits of the litigation. 

  

 
1 For purposes of this Order, the term “Affiliate” has the meaning ascribed to it in 

Rule 405 of the Securities Act of 1933, 17 C.F.R. §230.405 (“An affiliate of, or person 
affiliated with, a specified person, is a person that directly, or indirectly through one or 
more intermediaries, controls or is controlled by, or is under common control with, the 
person specified.”). A non-exhaustive list of Receivership Entities is attached as Exhibit 
A to this Order.  

Case 2:23-cv-02470-DLR   Document 78   Filed 12/21/23   Page 2 of 18



 

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 The Court has considered the Complaint filed by Plaintiff; Plaintiff’s ex parte 

motion for a temporary restraining order, the appointment of a receiver, asset freezes, and 

other relief, including Plaintiff’s supporting memorandum of law and supplemental 

memorandum of points and authorities, the Declarations of Michael Foley and Heather E. 

Marlow and the exhibits attached thereto. The Court has also considered the Opposition 

of Defendants and the Limited Opposition of Intervenors. 

 Based upon the foregoing, the Court finds that a proper showing, as required by 

Section 21(d) of the Exchange Act and Section 209(c) of the Advisers Act, has been 

made for the relief granted herein, for the following reasons (a separate order addresses 

the SEC’s request for appointment of a receiver, anti-litigation injunction, and asset 

freezes): 

1. It appears from the evidence presented that (i) Defendants Larmore, Fund II 

Advisors, and Fund III Advisors, have violated, and unless temporarily restrained, will 

continue to violate, Sections 206(1) and 206(2) of the Advisers Act [15 U.S.C. §§ 80b-

6(1) and 80b-6(2)]; (ii) Defendants Larmore, ArciTerra, and ASR Advisor have aided and 

abetted violations of, and unless temporarily restrained, will continue to aid and abet 

violations of, Sections 206(1) and 206(2) of the Advisers Act [15 U.S.C. §§ 80b-6(1) and 

80b-6(2)]; and (iii) Defendants Larmore and Cole Capital have violated, and unless 

temporarily restrained, will continue to violate, Sections 10(b) and 14(e) of the Exchange 

Act [15 U.S.C. §§ 78j(b) and 78n(e)] and Rules 10b-5 and 14e-8 thereunder [17 C.F.R. 

§§ 240.10b-5 and 240.14e-8].  

2. It appears that an order requiring Defendants and Relief Defendants to 

provide a verified accounting of their assets, including the use of the Receivership 

Entities’ assets, is necessary to effectuate and ensure compliance with the freeze imposed 

on their assets and to locate assets for the benefit of investors. 

3. It appears that expedited discovery is necessary to aid in the preparation for 

any hearing on conversion of the TRO to a preliminary injunction. 

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4. It appears that an order preventing the destruction, alteration or 

concealment of relevant documents is necessary. 

5. This Court has jurisdiction over the subject matter of this action and over 

Defendants, and venue properly lies in this District. 

6. There is good cause to schedule the hearing for preliminary injunction on 

February 27, 2023, because of the complex nature of the case, the schedule of the parties, 

the recent retention of counsel for Defendants, and the consent of the Defendants. 

 NOW, THEREFORE, 

I. 

IT IS HEREBY ORDERED that, pending a hearing and determination of 

Plaintiff’s Motion for a Preliminary Injunction, Defendants Larmore, ArciTerra, ASR 

Advisor, Fund II Advisors, and Fund III Advisors are temporarily restrained and enjoined 

from violating, directly or indirectly, Section 206(1) and 206(2) of the Advisers Act [15 

U.S.C. §§ 80b-6(1) and 80b-6(2)], by use of the mails or means and instrumentalities of 

interstate commerce: (a) with scienter, employing devices, schemes, or artifices to 

defraud clients or prospective clients; and (b) engaging in transactions, practices, or 

courses of business which operated as a fraud or deceit upon clients or prospective 

clients; while acting as investment advisers. 

 IT IS FURTHER ORDERED that, as provided in Federal Rule of Civil 

Procedure 65(d)(2), the foregoing paragraph also binds the following who receive actual 

notice of this Order by personal service or otherwise: (a) Defendants’ officers, agents, 

servants, employees, and attorneys; and (b) other persons in active concert or 

participation with Defendants or with anyone described in (a). 

II. 

 IT IS FURTHER ORDERED that, pending a hearing and determination of 

Plaintiff’s Application for a Preliminary Injunction, Defendants Larmore and Cole 

Capital are temporarily restrained from violating Section 10(b) of the Exchange Act [15 

U.S.C. § 78j(b)] and Rule 10b-5 promulgated thereunder [17 C.F.R. § 240.10b-5], by 

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using any means or instrumentality of interstate commerce, or of the mails, or of any 

facility of any national securities exchange, in connection with the purchase or sale of 

any security: 

(a) to employ any device, scheme, or artifice to defraud; 

(b) to make any untrue statement of a material fact or to omit to state a material 

fact necessary in order to make the statements made, in the light of the 

circumstances under which they were made, not misleading; or 

(c) to engage in any act, practice, or course of business which operates or 

would operate as a fraud or deceit upon any person. 

 IT IS FURTHER ORDERED that, as provided in Federal Rule of Civil 

Procedure 65(d)(2), the foregoing paragraph also binds the following who receive actual 

notice of this Order by personal service or otherwise: (a) Defendants’ officers, agents, 

servants, employees, and attorneys; and (b) other persons in active concert or 

participation with Defendants or with anyone described in (a). 

III. 

 IT IS FURTHER ORDERED that, pending a hearing and determination of 

Plaintiff’s Application for a Preliminary Injunction, Defendants Larmore and Cole 

Capital are temporarily restrained and enjoined from violating Section 14(e) of the 

Exchange Act [15 U.S.C. § 78n(e)] and Rule 14e-8 [17 C.F.R. § 240.14e-8] promulgated 

thereunder, in connection with any tender offer or request or invitation for tenders, from 

engaging in any fraudulent, deceptive, or manipulative act or practice, by: (1) making 

untrue statements of a material fact or omitting to state material facts necessary in order 

to make the statements made, in the light of the circumstances under which they were 

made, not misleading; and (2) engaging in fraudulent, deceptive, or manipulative acts or 

practices, in connection with a tender offer.  

 IT IS FURTHER ORDERED that, as provided in Federal Rule of Civil 

Procedure 65(d)(2), the foregoing paragraph also binds the following who receive actual 

notice of this Final Judgment by personal service or otherwise: (a) Defendants’ officers, 

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agents, servants, employees, and attorneys; and (b) other persons in active concert or 

participation with Defendants or with anyone described in (a). 

IV. 

 IT IS FURTHER ORDERED that, pending a hearing and determination of 

Plaintiff’s Application for a Preliminary Injunction, Defendant Larmore and Relief 

Defendants Marcia Larmore and Michelle Larmore shall file with this Court and serve 

upon Plaintiff, by no later than January 26, 2024, a verified written accounting signed 

under penalty of perjury, of their assets and their use of the Receivership Entities’ assets, 

by email (sent to [email protected]) on Plaintiff’s counsel, John Han, Securities and 

Exchange Commission, 44 Montgomery St., Suite 2800, San Francisco, California 

94104. 

V. 

 IT IS FURTHER ORDERED that discovery in advance of a hearing on 

Plaintiff’s Application for a Preliminary Injunction is expedited as follows: pursuant to 

Rules 26, 30, 34, and 45 of the Federal Rules of Civil Procedure, and without the 

requirement of a meeting pursuant to Fed. R. Civ. P. 26(f), the parties may (unless 

otherwise agreed by the parties): 

(1) Take depositions, subject to seven (7) calendar days’ notice by email, or 

otherwise; 

(2) Obtain the production of documents from parties within fourteen (14) 

calendar days from service by email, or by means that provide actual 

notice, of a request or subpoena; 

(3) Obtain the production of documents from third-parties, within fourteen (14) 

calendar days from service by email, or by means that provide actual notice 

of a request or subpoena from any persons or entities, including non-party 

witnesses;  

(4) Make service of any discovery requests, notices, or subpoenas by email, 

personal service, facsimile, overnight courier, or first-class mail on an 

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individual, entity, or the individual’s or entity’s attorney.  

(5) The Parties shall meet and confer regarding expedited discovery and inform 

the court of any disagreements by January 17, 2024. 

VI. 

 IT IS FURTHER ORDERED that, pending a hearing and determination of 

Plaintiff’s Motion for a Preliminary Injunction, Defendants, any person or entity acting at 

their direction or on their behalf, and any other third party, be and hereby are (1) enjoined 

and restrained from destroying, altering, concealing, or otherwise interfering with the 

access of Plaintiff and the Receiver to any and all documents, books, and records that are 

in the possession, custody or control of Defendants, the Receivership Entities, and each 

of their respective officers, agents, employees, servants, accountants, financial or 

brokerage institutions, or attorneys-in-fact, subsidiaries, affiliates, predecessors, 

successors, and related entities, that refer, reflect or relate to the allegations in the 

Complaint, including, without limitation, documents, books and records referring, 

reflecting, or relating to Defendants’ and Receivership Entities’ finances or business 

operations, or the offer, purchase, or sale of securities and the use of proceeds therefrom; 

and (2) ordered to provide all reasonable cooperation to the Receiver in carrying out his 

duties set forth herein.   

VII. 

 IT IS FURTHER ORDERED that this Order shall be, and is, binding upon 

Defendants and Relief Defendants, and each of their respective officers, agents, servants, 

employees, attorneys-in-fact, subsidiaries, affiliates, and those persons in active concert 

or participation with them who receive actual notice of this Order by personal service, 

facsimile service, or otherwise.  

VIII. 

IT IS FURTHER ORDERED that, for good cause and with the consent of the 

Defendants, Plaintiff, each Defendant, and each Relief Defendant or their attorneys shall 

appear before this Court at 9:00 o’clock, a.m., on the 27th day of February, 2024, in 

Case 2:23-cv-02470-DLR   Document 78   Filed 12/21/23   Page 7 of 18



 

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Courtroom 606 of the United States Courthouse, Phoenix, Arizona, to show cause, if any 

exists, why this Court should not enter a preliminary injunction extending the temporary 

restraining order, appointment of receiver, asset freeze, and other relief granted in this 

Order until a final adjudication on the merits may be had. Plaintiffs shall file by ECF its 

motion for preliminary injunction by February 15, 2024. Defendants and Relief 

Defendants shall file any oppositions to the motion for preliminary injunction by 

February 21, 2024. The Plaintiff shall file any reply by February 23, 2024. This Order 

shall remain in full force and effect pending further order of the Court. 

SO ORDERED. 

 Dated this 21st day of December, 2023. 

 

 

 

Douglas L. Rayes 
United States District Judge 

 

 

 

 

Case 2:23-cv-02470-DLR   Document 78   Filed 12/21/23   Page 8 of 18



EXHIBIT A 

Case 2:23-cv-02470-DLR   Document 78   Filed 12/21/23   Page 9 of 18



EXHIBIT A 
 

RECEIVERSHIP ENTITIES 
 
1000 WEST MARION PG FL, LLC 
1921 GALLATIN PIKE NASHVILLE TN, LLC 
2006 OPERATING PARTNERSHIP, L.P. 
2513 E NORTH STREET KENDALLVILLE IN, LLC 
412 CROSS OAKS MALL PLAINWELL ML, LLC 
5339 ELVIS PRESLEY BLVD. MEMPHIS TN, LLC 
5450 US HIGHWAY 80 EAST PEARL MS, LLC 
60 COLONIAL PROMENADE PARKWAY ALABASTER AL, LLC 
601 RETTA FL, LLC 
601 TRENTON ROAD MCALLEN TX, LLC 
613 RETTA FL, LLC 
700 NORTH GRAND AVENUE MT. PLEASANT, 1A, LLC 
751W RETTA ESPLANDE FL, LLC 
752 SOUTH ANDY GRIFFITH PARKWAY MT AIRY NC, LLC 
7525 PINE VALLEY LANE OWNER, LLC 
8001 VAUGHN ROAD MONTGOMERY AL, LLC 
81 JAMESON LANE GREENVILLE AL, LLC 
880 W MARION AVE FL, LLC 
900 WEST MARION AVENUE FL, LLC 
ALOHA POP UP PRODUCTIONS, LLC 
ARCITERRA AA BARBOURVILLE KY, LLC 
ARCITERRA AA LINCOLN NE, LLC 
ARCITERRA AA MANISTEE ML, LLC 
ARCITERRA AA PAPILLION NE, LLC 
ARCITERRA AA PEARL MS, LLC 
ARCITERRA AA THEODORE AL, LLC 
ARCITERRA AA WEST LIBERTY KY, LLC  
ARCITERRA AZ SLIDELL LA, LLC 
ARCITERRA AZ TEMPLE GA, LLC 
ARCITERRA AZ WILLIS TX, LLC 
ARCITERRA BELL YORK SC, LLC 
ARCITERRA BP OLATHE KS, LLC 
ARCITERRA CH NEW ORLEANS LA, LLC 

Case 2:23-cv-02470-DLR   Document 78   Filed 12/21/23   Page 10 of 18



ARCITERRA COMMERCIAL PROPERTY REIT, LP 
ARCITERRA COMMERICAL PROPERTY REIT, INC. 
ARCITERRA COMPANIES, LLC 
ARCITERRA CV LAFAYETTE LA, LLC 
ARCITERRA CV TARPON SPRINGS FL, LLC 
ARCITERRA DESIGN, LLC 
ARCITERRA DG CAMPBELLSVILLE KY, LLC 
ARCITERRA DG GREENVILLE KY, LLC 
ARCITERRA DG JUNCTION CITY KY, LLC 
ARCITERRA DG MEMPHIS TN, LLC 
ARCITERRA DG NORTH BEND OH, LLC 
ARCITERRA DG RAVENNA KY, LLC 
ARCITERRA DG SHEPHERDSVILLE KY, LLC 
ARCITERRA DG SOUTH CHARLESTON OH, LLC 
ARCITERRA DG WISTER OK, LLC 
ARCITERRA DKS GRAND CHUTE WL, LLC 
ARCITERRA FD BOWMAN SC, LLC 
ARCITERRA FD EHRHARDT SC, LLC 
ARCITERRA FD GREELEYVILLE SC, LLC 
ARCITERRA FD PAXVILLE SC, LLC 
ARCITERRA FD TUBERVILLE SC, LLC 
ARCITERRA FESTIVAL MONTGOMERY AL, LLC 
ARCITERRA GC JOHNSON CITY NY, LLC 
ARCITERRA GREYSTONE HOOVER AL, LLC 
ARCITERRA GROUP, LLC 
ARCITERRA HD HENDERSONVILLE TN, LLC 
ARCITERRA HD MCALLEN TX, LLC 
ARCITERRA KLS JENSEN BEACH FL, LLC 
ARCITERRA KLS WARSAW IN, LLC 
ARCITERRA KLS WAUSAU WL, LLC 
ARCITERRA MICHIGAN ROAD INDIANAPOLIS IN, LLC 
ARCITERRA MOV GAL GODDARD KS, LLC 
ARCITERRA MOV GAL PARK CITY KS, LLC 
ARCITERRA MW NASHVILLE TN, LLC 
ARCITERRA NATIONAL REIT, INC. 
ARCITERRA NATIONAL REIT, LP 
ARCITERRA NOBLE WEST NOBLESVILLE 1N, LLC 

Case 2:23-cv-02470-DLR   Document 78   Filed 12/21/23   Page 11 of 18



ARCITERRA NOTE ADVISORS II, LLC 
ARCITERRA NOTE ADVISORS III, LLC 
ARCITERRA NOTE FUND II LLC  
ARCITERRA NOTE FUND III LLC 
ARCITERRA NS INVESTMENT CO.  
ARCITERRA OFF PEP PEARL MS, LLC 
ARCITERRA OLATHE POINTE OLATHE KS LLC 
ARCITERRA OPPORTUNITY FUND I, LLC 
ARCITERRA OR BATTLE CREEK ML, LLC  
ARCITERRA OS MT. PLEASANT IA, LLC 
ARCITERRA REAL ESTATE INVESTMENT TRUST, INC. 
ARCITERRA REGIONS LAMARQUE TX, LLC 
ARCITERRA REIT I MEMBER, LLC 
ARCITERRA REIT I MEMBER, LLC 
ARCITERRA REIT I MEMBER, LLC 
ARCITERRA REIT RSC, LP 
ARCITERRA REIT, LP 
ARCITERRA SHOPPES AT ALABASTER AL, LLC 
ARCITERRA STAR LANCASTER OH, LLC 
ARCITERRA STRATEGIC INCOME CORPORATION‐BELLEVILLE CROSSING IL 
ARCITERRA STRATEGIC RETAIL ‐ SUFFOLK VA, LLC 
ARCITERRA STRATEGIC RETAIL ADVISOR, LLC 
ARCITERRA STRATEGIC RETAIL ADVISOR, LLC 
ARCITERRA STRATEGIC RETAIL REIT, INC. 
ARCITERRA STRATEGIC RETAIL‐ELYRIA OH, LLC 
ARCITERRASTRATEGIC RETAIL‐PLAINFIELD VILLAGEUM, LLC 
ARCITERRA STRATEGIC RETAIL‐PLAINFILED VILLAGE IN, LLC 
ARCITERRA STRATEGIC RETAIL‐WHEATLAND IL, LLC 
ARCITERRA S‐W BURTON ML, LLC 
ARCITERRA S‐W KALAMAZOO ML, LLC 
ARCITERRA S‐W LORAIN OH, LLC 
ARCITERRA USB BISMARK ND, LLC 
ARCITERRA USB NEW ALBANY OH, LLC 
ARCITERRA USB ROCHESTER MN, LLC 
ARCITERRA VERMONT INDIANAPOLIS IN, LLC 
ARCITERRA VN CLARKSVILLE TN, LLC ~ 
ARCITERRA VN COLUMBIA TN LLC  

Case 2:23-cv-02470-DLR   Document 78   Filed 12/21/23   Page 12 of 18



ARCITERRA VN DICKSON TN, LLC 
ARCITERRA VZ HOME GA, LLC 
ARCITERRA VZ ROME GA, LLC 
ARCITERRA WALCENT GREENVILLE AL, LLC 
ARCITERRA WALCENT KENDALLVILLE IN, LLC 
ARCITERRA WALCENT PLAINWELL ML, LLC 
ARCITERRA WESTGAGE INDIANAPOLIS MEMBER, LLC 
ARCITERRA WESTGATE INDIANAPOLIS IN II, LLC 
ARCITERRA WESTGATE INDIANAPOLIS IN, LLC 
ARCITERRA WG HOMETOWN IL, LLC 
ARCITERRA WG KILMARNOCK VA, LLC 
ARCITERRA WG MILWAUKEE WL, LLC 
ARCITERRA WHITEFISH ADVISORS, LLC 
ARCITERRA WHITEFISH OPPORTUNITY FUND, LLC 
ARCITERRA WM DOUGLASVILLE GA, LLC 
ASR REITLP 
AT 18 MILE CENTRAL SC, LLC 
AT ALTUS CUMBERLAND GA II, LLC 
AT ALTUS CUMBERLAND GA, LLC 
AT ALTUS CUMBERLAND MEMBER, LLC 
AT ALTUS ECHELON IN, LLC 
AT ALTUS ROSWELL GA, LLC 
AT AUBURN PLAZA IN II, LLC 
AT AUBURN PLAZA IN, LLC 
AT AUBURN PLAZA MEMBER, LLC 
AT BELLEVILLE CROSSING IL‐INLINE, LLC 
AT BELLEVILLE CROSSING IL‐OUTLOTS LLC 
AT BLOOMINGTON IL, LLC 
AT BOUTTE LA, LLC 
AT BRIARGATE IL, LLC 
AT BUENA VISTA GA, LLC 
AT CANAL WINCHESTER OH, LLC 
AT CASTLETON IN ASSOCIATION MANAGER, LLC 
AT CASTLETON IN MEMBER II, LLC 
AT CASTLETON IN MEMBER, LLC 
AT CASTLETON IN MEMBER, LLC 
AT CASTLETON IN OWNER II, LLC 

Case 2:23-cv-02470-DLR   Document 78   Filed 12/21/23   Page 13 of 18



AT CASTLETON IN OWNER, LLC  
AT CASTLETON IN OWNER, LLC 
AT CASTLETON IN OWNER, LLC 
AT CEDARTOWN GA OUTLOT, LLC 
AT CEDARTOWN GA, LLC 
AT CENTERVILLE GA, LLC 
AT COLONY FITZGERALD GA LLC 
AT CONCORD, LLC ' 
AT DILLON SC OUTLET, LLC 
AT EASTMAN GA II, LLC 
AT EASTMAN GA, LLC 
AT EASTMAN GA, LLC 
AT EASTMAN MEMBER, LLC 
AT ELYRIA OH INLINE, LLC 
AT ELYRIA OH OUTLOT, LLC 
AT FL CONSTRUCTION, LLC 
AT FORUM KY MEMBER II, LLC 
AT FORUM KY MEMBER, LLC 
AT FORUM KY MEMBER, LLC 
AT FORUM LOUISVILLE KY II, LLC 
AT HL BURLINGTON IAII, LLC 
AT HL BURLINGTON IA, LLC 
AT HL BURLINGTON MEMBER, LLC 
AT JEFFERSON CENTER FW IN OWNER, LLC 
AT JEFFERSON CENTER FW IN, LLC 
ATJPM LINDENHURST IL, LLC 
AT LIMA PLAZA FW IN OWNER, LLC 
AT LIMA PLAZA FW IN, LLC 
AT LINDENHURST IL, LLC 
AT LONGVIEW MEMBER, LLC 
AT LONGVIEW OUTLOT NORTHEAST, LLC 
AT LONGVIEW OUTLOT WEST, LLC 
AT LONGVIEW TXII, LLC 
AT LONGVIEW TX, LLC 
AT LUBBOCK TX, LLC 
AT MAX FW IN OWNER, LLC ’ 
AT MAX FW IN, LLC  

Case 2:23-cv-02470-DLR   Document 78   Filed 12/21/23   Page 14 of 18



AT MAYODAN MEMBER, LLC 
AT MAYODAN NCII, LLC 
AT MAYODAN NC, LLC 
AT MF VEGAS, LLC 
AT MIDWAY ELYRIA OH, LLC 
AT ML LEASEHOLD HI, LLC 
AT ML MANAGEMENT HI LLC 
AT MMH HI LLC 
AT MT. PLEASANT LOT 2, LLC 
AT NEW LENOX IL‐GL, LLC 
AT NEW LENOX IL‐ INLINE, LLC 
AT NEW LENOX IL‐INLINE II, LLC 
AT NEW LENOX IL‐OUTLOTS, LLC 
AT NEW LENOX‐IL MEMBER, LLC 
AT NEW WEST CLIFTON CO, LLC 
AT OLATHE MANAGER, LLC 
AT OLATHE MANAGER, LLC 
AT PINE VALLEY FW IN OWNER, LLC 
AT PINE VALLEY FW IN, LLC 
AT PLAINFIELD VILLAGE IN II, LLC 
AT PLAINFIELD VILLAGE IN, LLC 
AT PLAINFIELD VILLAGE MEMBER, LLC 
AT PORTLAND COMMONS IN OWNER, LLC 
AT PORTLAND COMMONS IN, LLC 
AT PT DANVILLE IL II, LLC 
AT PT DANVILLE IL, LLC 
AT PT DANVILLE MEMBER, LLC 
AT SALEM IL OUTLOT, LLC 
AT SALISBURY NC OUTLOT, LLC 
AT SANDERSVILLE GA, LLC 
AT SEVEN HILLS AURORA CO II, LLC 
AT SEVEN HILLS AURORA CO, LLC  
AT SEVEN HILLS AURORA CO, LLC 
AT SEVEN HILLS AURORA MEMBER, LLC 
AT STATESBORO SQUARE GA, LLC 
AT SUFFOLK VA2B‐2, LLC 
AT SUFFOLK VA2B‐3, LLC 

Case 2:23-cv-02470-DLR   Document 78   Filed 12/21/23   Page 15 of 18



AT SUFFOLK VA2B‐5, LLC 
AT SUFFOLK VA 2B‐6, LLC 
AT SUFFOLK VABWW, LLC 
AT SUFFOLK VA SC, LLC 
AT SUWANEE DEPOT GA, LLC 
AT SWEDEN MEMBER, LLC 
AT SWEDEN NY II, LLC 
AT SWEDEN NY, LLC 
AT SWEEDEN NY OUTLOT, LLC 
AT TIFFANY SQUARE ROCKY MOUNT NC, LLC 
AT TOWNE SQUARE ROME GA, LLC 
ATVILLA PLATTE LA II, LLC 
AT VILLA PLATTE MEMBER, LLC 
AT VILLE PLATTE LA, LLC  
AT WHEATLAND NAPERVILLE IL, LLC 
AT WILDWOOD PLAZA MO, LLC 
ATA CHERRY CREEK IL, LLC 
ATA CYPRESS TOWN CENTER TX, LLC 
ATA FISHVILLE FL, LLC 
ATA FISHVILLE MANAGEMENT, LLC 
ATA FORUM LOUISVILLE KY, LLC 
ATA FORUM LOUISVILLE,LLC 
ATA HIRAM SQUARE GA, LLC 
ATA LANIER FAYETTEVILLE GA II, LLC 
ATA LANIER FAYETTEVILLE GA, LLC 
ATA LANIER FAYETTEVILLE MEMBER, LLC 
ATA MERCADO ST. AUGUSTINE FL, LLC 
ATA PALENCIA ST. AUGUSTINE FL, LLC 
ATA PLAZA OK, LLC 
ATA PRESTON PLAZA KY, LLC 
ATA ROGERS BRIDGE GA, LLC 
ATA STONE LITHONIA GA, LLC 
ATA TRINITY PLACE TN, LLC 
ATG REIT RSC, LP 
ATR 32, LLC   
BPS, L.L.C. 
BPS, L.L.C. OF ALABAMA 

Case 2:23-cv-02470-DLR   Document 78   Filed 12/21/23   Page 16 of 18



BELLEVILLE IL OUTLOT 6, LLC 
BLACK POINT RD, LLC 
BREWHOUSE CENTER COURT, LLC 
CASTLETON SHOPPING CENTER MK DISPOSITION, LLC 
CASTLETON SHOPPING CENTER MK DISPOSITION, LLC 
CHOVIA SHOPS MT AIRY NC, LLC 
CSL INVESTMENTS, LLC 
COLE CAPITAL FUNDS, LLC 
DB COMMERCIAL MANAGEMENT, LLC 
FISHVILLE KIOSK MEMBER, LLC 
FK TELLURIDE, LLC 
FUDGE IS US PG, LLC 
FV BUILDING 13, LLC 
FV BUILDING 15, LLC 
GLENROSA 32, LLC 
HARBOURVIEW MARKETPLACE, LLC 
HARBOURVIEW STATION WEST, LLC 
HELENA STAR MT, LLC 
JB FISHVILLE HARBOR LAND LLC 
JB FISHVILLE RETAIL LAND LLC 
JB FORUM LAND, LLC 
JB ML LAND HI, LLC ~ 
JB OLATHE OUTLOT 2, LLC 
JB RE INVESTMENTS, LLC 
JB SEVEN HILLS, LLC 
JB SEVEN HILLS, LLC  
JB TRANSPORTATION, LLC 
JBM ACQUIST10NS LLC 
JJ RESTAURANT HOLDINGS, LLC 
JMLBC G4, LLC 
JML MANAGER, LLC 
JML TRUST MANAGER, LLC 
LEGAL FLOAT LENDING, LLC   
LOUISVILLE RESTAURANT PARTNERS, LLC 
LOWER 5629 ROCKRIDGE ROAD, LLC 
MML INVESTMENTS, LLC 
JMMAL INVESTMENTS, LLC 

Case 2:23-cv-02470-DLR   Document 78   Filed 12/21/23   Page 17 of 18



MONTGOMERY MATTRESS, LLC 
MONTGOMERY MATTRESS, LLC 
PG HOSPITALITY, LLC 
PG WATERFRONT HOSPITALITY, LLC 
PT PLAZA, LLC    
SAML BAR AND GRILL, LLC 
SPIKE HOLDINGS AZ, LLC 
STAR MT, LLC 
STAR OH, LLC 
THE EXCHANGE PLAINWELL ML, LLC 
UPPER 5629 ROCKRIDGE ROAD, LLC   
VBH PG, LLC  
WALCENT ARKADELPHIA AK, LLC 
WALCENT ELK/IN, LLC 
WALCENT KENDALLVILLE IN, LLC 
WALCENT LAWTON OK, LLC 
WALCENT MORRILTON AK, LLC 
WALCENT NEWC/IN, LLC 
WALCENT PLAINWELL ML, LLC 
WALCENT SHELBY ML, LLC 
WALCENT SHOPS SUWANEE GA, LLC 
WALCENT WAYNESBORO MS, LLC 
WAWASEE WATERCRAFTS, LLC 
WHEATLAND CROSSING OWNERS ASSOCIATION 
WHEATLAND MARKETPLACE LOT 7 CONDOMINIUM ASSN. 
WHITEFISH OPPORTUNITY FUND, LLC 
 
 

Case 2:23-cv-02470-DLR   Document 78   Filed 12/21/23   Page 18 of 18


	23-cv-2470 TRO.pdf
	SEC - TRO Exhibit A.pdf

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