LNDES Landa App LLC (GM)

 

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): February 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. 18^th 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 February 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  January 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		$	729.45			$	0.073
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		$	530.96			$	0.053
Landa App LLC - 4267 High Park Lane East Point GA LLC(3)		$	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		$	600.23			$	0.06
Landa App LLC - 9439 Lakeview Road Union City GA LLC		$	500.32			$	0.05
Landa App LLC - 8670 Ashley Way Douglasville GA LLC		$	462.31			$	0.046
Landa App LLC - 8780 Churchill Place Jonesboro GA LLC(5)		$	678.04			$	0.068
Landa App LLC - 8679 Ashley Way Douglasville GA LLC(5)		$	541.33			$	0.054
Landa App LLC - 8569 Creekwood Way Jonesboro GA LLC(2)		$	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		$	541.09			$	0.054
Landa App LLC - 593 Country Lane Drive Jonesboro GA LLC		$	468.11			$	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(4)		$	717.75			$	0.072
Landa App LLC - 729 Winter Lane Jonesboro GA LLC		$	0			$	0
Landa App LLC - 1703 Summerwoods Lane Griffin GA LLC		$	382.09			$	0.038
Landa App LLC - 687 Utoy Court Jonesboro GA LLC		$	434.01			$	0.043
Landa App LLC - 10167 Port Royal Court Jonesboro GA LLC		$	519.17			$	0.052
Landa App LLC - 1712 Summerwoods Lane Griffin GA LLC(5)		$	358.17			$	0.036
Landa App LLC - 6440 Woodstone Terrace Morrow GA LLC(5)		$	196.52			$	0.02
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		$	415.54			$	0.042
Landa App LLC - 1394 Oakview Circle Forest Park GA LLC		$	460.25			$	0.046

 

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

(2) 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.

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

(4) 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.

(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.

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.

 

 

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: February 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				57,222				1,100				83.35				23.99				8	%
2.		Landa Series 8653 Ashley Way (5)		closed		01/07/2022		08/08/2022				10,000				63,036				1,100				82.67				23.97				8	%
3.		Landa Series 8659 Ashley Way (5)		closed		01/07/2022		10/06/2022				10,000				46,227				1,250				85.11				27.23				8	%
4.		Landa Series 8674 Ashley Way (5)		closed		01/07/2022		08/08/2022				10,000				48,394				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				54,021				975				88.51				26.78				8	%
7.		Landa Series 8675 Ashley Way (5)		closed		01/07/2022		08/19/2022				10,000				48,193				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				1,207.5				164.17				34.77				8	%
9.		Landa Series 4267 High Park Lane (5)(6)		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				61,171				1,150				106.83				33.04				8	%
12.		Landa Series 8677 Ashley Way (5)		closed		01/07/2022		04/20/2022				10,000				82,359				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				51,454				1,050				97.33				29.36				8	%
16.		Landa Series 8780 Churchill Place (5)(8)		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)(8)		closed		01/07/2022		08/03/2022				10,000				64,334				0				100.72				25.87				8	%
18.		Landa Series 8569 Creekwood Way (5)(8)		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				71,611				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				51,966				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)(7)		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)		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				975				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)(8)		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)(8)		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				49,536				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				36,061				1,100				99.64				27.57				8	%
36.		Landa Series 8652 Ashley Way (5)		closed		01/07/2022		10/11/2022				10,000				49,955				1,100				88.51				26.03				8	%
37.		Landa Series 8651 Ashley Way (5)		closed		01/07/2022		04/19/2022				10,000				24,414				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) The tenant occupying this Property has not paid their rent, or has only paid a portion of their rent, for the month of January.

(7) 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.

(8) 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.