UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 1-U

 

CURRENT REPORT PURSUANT TO REGULATION A

 

Date of Report (Date of earliest event reported): March 1, 2023

 

LANDA APP LLC

(Exact name of issuer as specified in its charter)

 

Delaware   85-1099443
(State or other jurisdiction of
incorporation or organization)

 

 

(I.R.S. Employer
Identification No.)

 

6 W. 18th Street

New York, NY 10011 

(Full mailing address of principal executive offices)

 

646-905-0931

(Issuer's telephone number, including area code)

 

 

Membership Interests:
 
Landa App LLC - 10167 Port Royal Court Jonesboro GA LLC   Landa App LLC - 1246 Elgin Way Riverdale GA LLC
Landa App LLC - 1394 Oakview Circle Forest Park GA LLC   Landa App LLC - 1703 Summerwoods Lane Griffin GA LLC
Landa App LLC - 1712 Summerwoods Lane Griffin GA LLC   Landa App LLC - 1743 Summerwoods Lane Griffin GA LLC
Landa App LLC - 1750 Summerwoods Lane Griffin GA LLC   Landa App LLC - 1910 Grove Way Hampton GA LLC
Landa App LLC - 4267 High Park Lane East Point GA LLC   Landa App LLC - 4474 Highwood Park Drive East Point GA LLC
Landa App LLC - 593 Country Lane Drive Jonesboro GA LLC   Landa App LLC - 6436 Stone Terrace Morrow GA LLC
Landa App LLC - 6440 Woodstone Terrace Morrow GA LLC   Landa App LLC - 6848 Sandy Creek Drive Riverdale GA LLC
Landa App LLC - 687 Utoy Court Jonesboro GA LLC   Landa App LLC - 729 Winter Lane Jonesboro GA LLC
Landa App LLC - 7349 Exeter Court Riverdale GA LLC   Landa App LLC - 8569 Creekwood Way Jonesboro GA LLC
Landa App LLC - 8641 Ashley Way Douglasville GA LLC   Landa App LLC - 8645 Embrey Drive Jonesboro GA LLC
Landa App LLC - 8651 Ashley Way Douglasville GA LLC   Landa App LLC - 8652 Ashley Way Douglasville GA LLC
Landa App LLC - 8653 Ashley Way Douglasville GA LLC   Landa App LLC - 8654 Ashley Way Douglasville GA LLC
Landa App LLC - 8655 Ashley Way Douglasville GA LLC   Landa App LLC - 8659 Ashley Way Douglasville GA LLC
Landa App LLC - 8662 Ashley Way Douglasville GA LLC   Landa App LLC - 8668 Ashley Way Douglasville GA LLC
Landa App LLC - 8670 Ashley Way Douglasville GA LLC   Landa App LLC - 8674 Ashley Way Douglasville GA LLC
Landa App LLC - 8675 Ashley Way Douglasville GA LLC   Landa App LLC - 8677 Ashley Way Douglasville GA LLC
Landa App LLC - 8678 Ashley Way Douglasville GA LLC   Landa App LLC - 8679 Ashley Way Douglasville GA LLC
Landa App LLC - 8683 Ashley Way Douglasville GA LLC   Landa App LLC - 8780 Churchill Place Jonesboro GA LLC
Landa App LLC - 8796 Parliament Place Jonesboro GA LLC   Landa App LLC - 9439 Lakeview Road Union City GA LLC

 

(Title of each class of securities issued pursuant to Regulation A)

 

 

 

 

 

Distribution Declaration

 

On March 1, 2023, Landa Holdings, Inc. (the "Manager"), as manager to each of the following series (each a "Series" and collectively the "Series") of the Company, declared and paid a cash distribution (the "Distribution") for such Series for the month of  February 2023 (the "Distribution Period"), in the amount set forth in the table below.

 

For Shares purchased during the Distribution Period, holders of shares in each Series ("Shares") will be eligible to receive distributions (rounded) calculated on a pro-rata basis, based on the number of days in the applicable Distribution Period that such holder owned such Shares.

 

Series  Cash
Available for
Distribution
  

Distribution per Share (1)

 
Landa App LLC - 8655 Ashley Way Douglasville GA LLC  $497.48   $0.05 
Landa App LLC - 8653 Ashley Way Douglasville GA LLC  $632.36   $0.063 
Landa App LLC - 8659 Ashley Way Douglasville GA LLC  $710.06   $0.071 
Landa App LLC - 8674 Ashley Way Douglasville GA LLC(7)  $742.45   $0.074 
Landa App LLC - 4474 Highwood Park Drive East Point GA LLC  $198.43   $0.02 
Landa App LLC - 8662 Ashley Way Douglasville GA LLC  $443.71   $0.044 
Landa App LLC - 8675 Ashley Way Douglasville GA LLC  $555.39   $0.056 
Landa App LLC - 1246 Elgin Way Riverdale GA LLC  $446.44   $0.045 
Landa App LLC - 4267 High Park Lane East Point GA LLC(6)  $389.32   $0.039 
Landa App LLC - 8645 Embrey Drive Jonesboro GA LLC  $608.12   $0.061 
Landa App LLC - 8668 Ashley Way Douglasville GA LLC  $520.56   $0.052 
Landa App LLC - 8677 Ashley Way Douglasville GA LLC  $581.02   $0.058 
Landa App LLC - 7349 Exeter Court Riverdale GA LLC  $519.73   $0.052 
Landa App LLC - 9439 Lakeview Road Union City GA LLC  $500.32   $0.05 
Landa App LLC - 8670 Ashley Way Douglasville GA LLC  $388.81   $0.039 
Landa App LLC - 8780 Churchill Place Jonesboro GA LLC(2)  $0   $0 
Landa App LLC - 8679 Ashley Way Douglasville GA LLC(5)  $841.33   $0.084 
Landa App LLC - 8569 Creekwood Way Jonesboro GA LLC(4)  $351.25   $0.035 
Landa App LLC - 8683 Ashley Way Douglasville GA LLC  $507.99   $0.051 
Landa App LLC - 6848 Sandy Creek Drive Riverdale GA LLC  $719.83   $0.072 
Landa App LLC - 8654 Ashley Way Douglasville GA LLC  $541.08   $0.054 
Landa App LLC - 593 Country Lane Drive Jonesboro GA LLC  $468.12   $0.047 
Landa App LLC - 1750 Summerwoods Lane Griffin GA LLC  $528.85   $0.053 
Landa App LLC - 8796 Parliament Place Jonesboro GA LLC  $670.58   $0.067 
Landa App LLC - 1910 Grove Way Hampton GA LLC(3)  $717.75   $0.072 
Landa App LLC - 729 Winter Lane Jonesboro GA LLC(6)  $688.67   $0.069 
Landa App LLC - 1703 Summerwoods Lane Griffin GA LLC  $427.98   $0.043 
Landa App LLC - 687 Utoy Court Jonesboro GA LLC  $434.01   $0.043 
Landa App LLC - 10167 Port Royal Court Jonesboro GA LLC  $442   $0.044 
Landa App LLC - 1712 Summerwoods Lane Griffin GA LLC(2)  $0   $0 
Landa App LLC - 6440 Woodstone Terrace Morrow GA LLC(2)  $0   $0 
Landa App LLC - 6436 Stone Terrace Morrow GA LLC  $375.37   $0.038 
Landa App LLC - 8678 Ashley Way Douglasville GA LLC  $458.32   $0.046 
Landa App LLC - 1743 Summerwoods Lane Griffin GA LLC  $568.1   $0.057 
Landa App LLC - 8641 Ashley Way Douglasville GA LLC  $499.36   $0.05 
Landa App LLC - 8652 Ashley Way Douglasville GA LLC  $590.66   $0.059 
Landa App LLC - 8651 Ashley Way Douglasville GA LLC  $463.83   $0.046 
Landa App LLC - 1394 Oakview Circle Forest Park GA LLC  $460.24   $0.046 

 



(1) Distributions by this Series were made based on the total Shares outstanding as of March 1, 2023.

(2) This Property is currently vacant.The Manager has determined that this Series does not have sufficient amounts (including any amounts in its Reserves) and will not be able to pay a Distribution to the holders of this Series' Shares for this Distribution Period.

(3) As of the date of this report, the tenant is still occupying the Properties underlying this Series and the Manager has commenced the process to remove these tenants. Once vacant,This Property will not earn any income and the Manager will not earn its Management Fee until the Manager enters into a new Lease Agreement with a tenant for this Property.

(4) This Property is currently vacant.This Property will not earn any income and the Manager will not earn its Management Fee until the Manager enters into a new Lease Agreement with a tenant for this Property.

(5) This Property is currently vacant.The Manager, acting in its sole discretion, is using a portion of its Reserve (as defined in the Offering Circular) to pay each of the holders of this Series' Share a Distribution.

(6) The tenant occupying this Property has not paid their rent, or has only paid a portion of their rent, for the month of February.

(7) The tenant occupying this Property has not paid their rent, or has only paid a portion of their rent, for the month of February.The Manager, acting in its sole discretion, is using a portion of its Reserve (as defined in the Offering Circular) to pay each of the holders of this Series' Share a Distribution.


For any additional information regarding the Shares discussed herein, shareholders should refer to the Offering Circulars, available on the SEC's website at www.sec.gov

 

Further information detailing the calculation of cash available for distribution for each Series is available on the Landa Mobile App, which is available on iOS and Android devices.

 

1

 

 

SIGNATURE

 

Pursuant to the requirements of Regulation A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: March 2, 2023 LANDA APP LLC
     
  By: Landa Holdings, Inc.,
    its Manager
     
  By: /s/ Yishai Cohen
  Name:  Yishai Cohen
  Title: Chairman, Chief Executive Officer, and
President

 

 

2

 

 

Exhibit A

 

Master Series Table

 

   Series  Offering
Status
  Qualification
Date
  Closing
Date
   Total
Number of
Shares
Sold
   Total
Amount
Raised($)(1)(2)
   Monthly
Rental
Income($)(3)
   Monthly
Property
Tax($)(4)
   Monthly
Insurance
Expense($)
   Monthly
Management
Fee
 
1.  Landa Series 8655 Ashley Way (5)  closed  01/07/2022  09/21/2022    

10,000

    

61,051.44

    1,100    83.35    23.99    8%
2.  Landa Series 8653 Ashley Way (5)  closed  01/07/2022  08/08/2022    

10,000

    

52,932.8

    1,100    82.67    23.97    8%
3.  Landa Series 8659 Ashley Way (5)  closed  01/07/2022  10/06/2022    

10,000

    

63,265.1

    1,250    85.11    27.23    8%
4.  Landa Series 8674 Ashley Way (5)(7)  closed  01/07/2022  08/08/2022    

10,000

    

47,137.56

    1,300    90.27    25.28    8%
5.  Landa Series 4474 Highwood Park Drive (5)  closed  01/07/2022  08/09/2022    

10,000

    

42,897.46

    1,200    163.33    30.7    8%
6.  Landa Series 8662 Ashley Way (5)  closed  01/07/2022  09/21/2022    

10,000

    

56,097.2

    975    88.51    26.78    8%
7.  Landa Series 8675 Ashley Way (5)  closed  01/07/2022  08/19/2022    

10,000

    

45,350.08

    1,100    81.99    25.61    8%
8.  Landa Series 1246 Elgin Way (5)  closed  01/07/2022  07/29/2022    

10,000

    

38,284.48

    1,267.88    164.17    34.77    8%
9.  Landa Series 4267 High Park Lane (5)(7)  closed  01/07/2022  08/15/2022    

10,000

    

47,624.4

    1,150    162.66    31.02    8%
10.  Landa Series 8645 Embrey Drive (5)  closed  01/07/2022  04/18/2022    

10,000

    

34,144.12

    1,300    122.83    35.05    8%
11.  Landa Series 8668 Ashley Way (5)  closed  01/07/2022  10/12/2022    

10,000

    

58,222.8

    1,150    106.83    33.04    8%
12.  Landa Series 8677 Ashley Way (5)  closed  01/07/2022  04/20/2022    

10,000

    

42,666.96

    1,100    78.46    24.75    8%
13.  Landa Series 7349 Exeter Court (5)  closed  01/07/2022  04/20/2022    

10,000

    

39,137.42

    1,150    137.61    34.16    8%
14.  Landa Series 9439 Lakeview Road (5)  closed  01/07/2022  08/25/2022    

10,000

    

56,708.92

    1,400    181.74    28.24    8%
15.  Landa Series 8670 Ashley Way (5)  closed  01/07/2022  11/20/2022    

10,000

    

64,619.92

    1,050    97.33    29.36    8%
16.  Landa Series 8780 Churchill Place (5)(6)  closed  01/07/2022  03/07/2022    

10,000

    

38,056.12

    0    138.91    35.43    8%
17.  Landa Series 8679 Ashley Way (5)(6)  closed  01/07/2022  08/03/2022    

10,000

    

46,117.56

    0    100.72    25.87    8%
18.  Landa Series 8569 Creekwood Way (5)(6)  closed  01/07/2022  04/26/2022    

10,000

    

33,950.52

    0    59.24    36.91    8%
19.  Landa Series 8683 Ashley Way (5)  closed  01/07/2022  10/28/2022    

10,000

    

47,788.22

    1,023.75    85.66    23.47    8%
20.  Landa Series 6848 Sandy Creek Drive (5)  closed  01/07/2022  02/13/2022    

10,000

    

21,866.04

    1,350    137.22    32.45    8%
21.  Landa Series 8654 Ashley Way (5)  closed  01/07/2022  11/20/2022    

10,000

    

46,500.3

    1,102.5    88.78    26.32    8%
22.  Landa Series 593 Country Lane Drive (5)  closed  01/07/2022  02/17/2022    

10,000

    

24,591.42

    1,019.81    155.5    29.61    8%
23.  Landa Series 1750 Summerwoods Lane (5)  closed  01/07/2022  08/26/2022    

10,000

    

35,771.4

    1,170    147.8    38.05    8%
24.  Landa Series 8796 Parliament Place (5)  closed  01/07/2022  03/11/2022    

10,000

    

31,088.02

    1,350    129.7    32.22    8%
25.  Landa Series 1910 Grove Way (5)(8)  closed  01/07/2022  02/15/2022    

10,000

    

22,061.92

    1,522.5    159.19    56.84    8%
26.  Landa Series 729 Winter Lane (5)(7)  closed  01/07/2022  03/04/2022    

10,000

    

31,220.72

    1,475    124.28    33.76    8%
27.  Landa Series 1703 Summerwoods Lane (5)  closed  01/07/2022  07/20/2022    

10,000

    

35,771.4

    1,047.38    147.8    26.11    8%
28.  Landa Series 687 Utoy Court (5)  closed  01/07/2022  04/19/2022    

10,000

    

32,921.22

    1,023.75    102.71    30.28    8%
29.  Landa Series 10167 Port Royal Court (5)  closed  01/07/2022  07/20/2022    

10,000

    

28,099.32

    1,102.5    132.97    32.16    8%
30.  Landa Series 1712 Summerwoods Lane (5)(6)  closed  01/07/2022  08/09/2022    

10,000

    

46,161.4

    0    147.8    28.33    8%
31.  Landa Series 6440 Woodstone Terrace (5)(6)  closed  01/07/2022  02/17/2022    

10,000

    

18,243.78

    0    74.93    43.08    8%
32.  Landa Series 6436 Stone Terrace (5)  closed  01/07/2022  02/03/2022    

10,000

    

15,478.84

    1,050    75.8    41.33    8%
33.  Landa Series 8678 Ashley Way (5)  closed  01/07/2022  11/20/2022    

10,000

    

64,006.78

    1,100    107.24    30.44    8%
34.  Landa Series 1743 Summerwoods Lane (5)  closed  01/07/2022  07/31/2022    

10,000

    

35,771.4

    1,200    147.8    26.4    8%
35.  Landa Series 8641 Ashley Way (5)  closed  01/07/2022  08/22/2022    

10,000

    

49,949.84

    1,100    99.64    27.57    8%
36.  Landa Series 8652 Ashley Way (5)  closed  01/07/2022  10/11/2022    

10,000

    

59,329.3

    1,100    88.51    26.03    8%
37.  Landa Series 8651 Ashley Way (5)  closed  01/07/2022  04/19/2022    

10,000

    

41,900.48

    1,102.5    83.75    23.83    8%
38.  Landa Series 1394 Oakview Circle (5)  closed  06/30/2021  08/09/2021    

10,000

    

36,073.48

    854.44    130.62    30.16    8%

 

(1) All 10,000 Shares of this Series have been subscribed for and the Company is in the process of closing on the Series' offering with the investors.

(2) Reflected as of up to two (2) business days prior to the date of this Form 1-U. Each Series is offering up to a maximum of 10,000 Shares

(3) The Monthly Rental Income amount reflects the monthly rental payment due under the applicable lease agreement for the Property.

(4) Taxes on this Property may be subject to review and adjustment on a semi-annual basis.

(5) The Monthly Management Fee payable by each Series is expected to equal eight percent (8%) of the Gross Monthly Rent.

(6) This Property is currently vacant.This Property will not earn any income and the Manager will not earn its Management Fee until the Manager enters into a new Lease Agreement with a tenant for this Property.

(7) The tenant occupying this Property has not paid their rent, or has only paid a portion of their rent, for the month of February.

(8) As of the date of this report, the tenant is still occupying the Properties underlying this Series and the Manager has commenced the process to remove these tenants. Once vacant,This Property will not earn any income and the Manager will not earn its Management Fee until the Manager enters into a new Lease Agreement with a tenant for this Property.

 

 

 

 

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