Current Report Pursuant to Regulation a (1-u)
December 08 2022 - 6:01AM
Edgar (US Regulatory)
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):
November 30, 2022
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
(Address of principal executive offices)
646-905-0931
(Issuer’s telephone number, including area code)
Membership Interests: |
|
Landa App LLC - 1394 Oakview Circle Forest Park GA LLC |
|
Landa App LLC - 7349 Exeter Court Riverdale GA LLC |
Landa App LLC - 1701 Summerwoods Lane Griffin GA LLC |
|
Landa App LLC - 8645 Embrey Drive Jonesboro GA LLC |
Landa App LLC - 1741 Park Lane Griffin GA LLC |
|
Landa App LLC - 8780 Churchill Place Jonesboro GA LLC |
Landa App LLC - 1703 Summerwoods Lane Griffin GA LLC |
|
Landa App LLC - 8796 Parliament Place Jonesboro GA LLC |
Landa App LLC - 1712 Summerwoods Lane Griffin GA LLC |
|
Landa App LLC - 8641 Ashley Way Douglasville GA LLC |
Landa App LLC - 1743 Summerwoods Lane Griffin GA LLC |
|
Landa App LLC - 8651 Ashley Way Douglasville GA LLC |
Landa App LLC - 1750 Summerwoods Lane Griffin GA LLC |
|
Landa App LLC - 8652 Ashley Way Douglasville GA LLC |
Landa App LLC - 4267 High Park Lane East Point GA LLC |
|
Landa App LLC - 8653 Ashley Way Douglasville GA LLC |
Landa App LLC - 4474 Highwood Park Drive East Point GA LLC |
|
Landa App LLC - 8654 Ashley Way Douglasville GA LLC |
Landa App LLC - 8569 Creekwood Way Jonesboro GA LLC |
|
Landa App LLC - 8655 Ashley Way Douglasville GA LLC |
Landa App LLC - 9439 Lakeview Road Union City GA LLC |
|
Landa App LLC - 8659 Ashley Way Douglasville GA LLC |
Landa App LLC - 10167 Port Royal Court Jonesboro GA LLC |
|
Landa App LLC - 8662 Ashley Way Douglasville GA LLC |
Landa App LLC - 1246 Elgin Way Riverdale GA LLC |
|
Landa App LLC - 8668 Ashley Way Douglasville GA LLC |
Landa App LLC - 1910 Grove Way Hampton GA LLC |
|
Landa App LLC - 8670 Ashley Way Douglasville GA LLC |
Landa App LLC - 593 Country Lane Jonesboro GA LLC |
|
Landa App LLC - 8674 Ashley Way Douglasville GA LLC |
Landa App LLC - 6436 Stone Terrace Morrow GA LLC |
|
Landa App LLC - 8675 Ashley Way Douglasville GA LLC |
Landa App LLC - 6440 Woodstone Terrace Morrow GA LLC |
|
Landa App LLC - 8677 Ashley Way Douglasville GA LLC |
Landa App LLC - 6848 Sandy Creek Drive Riverdale GA LLC |
|
Landa App LLC - 8678 Ashley Way Douglasville GA LLC |
Landa App LLC - 687 Utoy Court Jonesboro GA LLC |
|
Landa App LLC - 8679 Ashley Way Douglasville GA LLC |
Landa App LLC - 729 Winter Lane Jonesboro GA LLC |
|
Landa App LLC - 8683 Ashley Way Douglasville GA LLC |
(Title of each class of securities issued pursuant to
Regulation A)
Item 9. Other Events
The table included as Exhibit A hereto supersedes
the Master Series Tables found in the previously-fileed offering circulars (the “Offering Circulars”) of Landa App LLC
(the “Company”) and reflects the updated information set forth below regarding the series of the Company (collectively
and individually the “Series”) and their underlying properties (the “Properties” and each a
“Property”).
Lease Updates
New Lease Agreements; Renewals
The following Series either entered into a lease agreement
(“Lease Agreement”) with a new tenant or renewed with an existing tenant for its underlying Property. See the Master Series
Table included as Exhibit A hereto for updated leasing status.
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.
EXHIBITS
The following exhibit is filed herewith:
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: December 7, 2022 |
|
|
|
|
LANDA APP LLC |
|
By: |
Landa Holdings, Inc., |
|
|
its Manager |
|
By: |
/s/ Yishai Cohen |
|
Name: |
Yishai Cohen |
|
Title: |
Chairman, Chief Executive Officer, and President |
Exhibit A
Master Series Table
| |
Series | |
Offering Status | |
Qualification
Date | |
Closing Date | |
Total
Number of Shares Sold(1) | | |
Total
Amount Raised(1) | | |
Monthly
Rental Income(2) | | |
Lease Expiration
Date(3) | |
Insurance Expiration
Date | |
Monthly
Insurance Expense | | |
Monthly
Management Fee* | |
1. | |
Landa Series 115 Sardis Street | |
Withdrawn | |
6/29/2021 | |
n/a | |
| n/a | | |
| n/a | | |
$ | 851 | | |
2/28/2023 | |
6/30/23 | |
$ | 35 | | |
| 8 | % |
2. | |
Landa Series 1394 Oakview Circle | |
Closed | |
6/29/2021 | |
8/9/2021 | |
| 10,000 | | |
$ | 36,073.00 | | |
$ | 814 | | |
12/31/2023 | |
6/30/23 | |
$ | 30 | | |
| 8 | % |
3. | |
Landa Series 1701 Summerwoods Lane | |
Closed | |
6/29/2021 | |
9/3/2021 | |
| 8,265 | | |
$ | 35,364.28 | | |
$ | 1,047 | | |
8/31/2023 | |
6/30/23 | |
$ | 26 | | |
| 8 | % |
4. | |
Landa Series 1741 Park Lane | |
Closed | |
6/29/2021 | |
9/3/2021 | |
| 3,518 | | |
$ | 18,369.24 | | |
$ | 761 | | |
12/31/2022 | |
6/30/23 | |
$ | 30 | | |
| 8 | % |
5. | |
Landa Series 209 Timber Wolf Trail | |
Withdrawn | |
6/29/2021 | |
n/a | |
| n/a | | |
| n/a | | |
$ | 775 | | |
12/31/2022 | |
6/30/23 | |
$ | 36 | | |
| 8 | % |
6. | |
Landa Series 2505 Oak Circle | |
Withdrawn | |
6/29/2021 | |
n/a | |
| n/a | | |
| n/a | | |
$ | 1,313 | | |
9/30/2023 | |
6/30/23 | |
$ | 31 | | |
| 8 | % |
7. | |
Landa Series 271 Timber Wolf Trail (4) | |
Withdrawn | |
6/29/2021 | |
n/a | |
| n/a | | |
| n/a | | |
| - | | |
- | |
6/30/23 | |
$ | 37 | | |
| 8 | % |
8. | |
Landa Series 29 Holly Grove Road | |
Withdrawn | |
6/29/2021 | |
n/a | |
| n/a | | |
| n/a | | |
$ | 746 | | |
4/30/2023 | |
6/30/23 | |
$ | 31 | | |
| 8 | % |
9. | |
Landa Series 1703 Summerwoods Lane | |
Closed | |
1/7/2022 | |
7/20/2022 | |
| 10,000 | | |
$ | 35,772 | | |
$ | 998 | | |
1/31/2023 | |
6/30/23 | |
$ | 26 | | |
| 8 | % |
10. | |
Landa Series 1712 Summerwoods Lane | |
Closed | |
1/7/2022 | |
8/9/2022 | |
| 10,000 | | |
$ | 46,162 | | |
$ | 919 | | |
12/31/2022 | |
6/30/23 | |
$ | 28 | | |
| 8 | % |
11. | |
Landa Series 1743 Summerwoods Lane | |
Closed | |
1/7/2022 | |
7/31/2022 | |
| 10,000 | | |
$ | 35,772 | | |
$ | 1,200 | | |
5/31/2023 | |
6/30/23 | |
$ | 26 | | |
| 8 | % |
12. | |
Landa Series 1750 Summerwoods Lane | |
Closed | |
1/7/2022 | |
8/26/2022 | |
| 10,000 | | |
$ | 35,772 | | |
$ | 1,170 | | |
5/31/2023 | |
6/30/23 | |
$ | 38 | | |
| 8 | % |
13. | |
Landa Series 4267 High Park Lane | |
Closed | |
1/7/2022 | |
8/15/2022 | |
| 10,000 | | |
$ | 47,625 | | |
$ | 1,208 | | |
10/31/2022 | |
6/30/23 | |
$ | 31 | | |
| 8 | % |
14. | |
Landa Series 4474 Highwood Park Drive | |
Closed | |
1/7/2022 | |
8/9/2022 | |
| 10,000 | | |
$ | 42,898 | | |
$ | 1,200 | | |
3/31/2023 | |
6/30/23 | |
$ | 31 | | |
| 8 | % |
15. | |
Landa Series 8569 Creekwood Way (5) | |
Closed | |
1/7/2022 | |
4/26/2022 | |
| 10,000 | | |
$ | 33,951 | | |
$ | | | |
| |
6/30/23 | |
$ | 37 | | |
| 8 | % |
16. | |
Landa Series 9439 Lakeview Road | |
Closed | |
1/7/2022 | |
8/25/2022 | |
| 10,000 | | |
$ | 56,709 | | |
$ | 1,400 | | |
7/31/2023 | |
6/30/23 | |
$ | 28 | | |
| 8 | % |
17. | |
Landa Series 10167 Port Royal Court | |
Closed | |
1/7/2022 | |
7/20/2022 | |
| 10,000 | | |
$ | 28,100 | | |
$ | 1,103 | | |
9/30/2023 | |
6/30/23 | |
$ | 32 | | |
| 8 | % |
18. | |
Landa Series 1246 Elgin Way | |
Closed | |
1/7/2022 | |
7/29/2022 | |
| 10,000 | | |
$ | 38,285 | | |
$ | 1,208 | | |
2/28/2023 | |
6/30/23 | |
$ | 35 | | |
| 8 | % |
19. | |
Landa Series 1910 Grove Way | |
Closed | |
1/7/2022 | |
2/15/2022 | |
| 10,000 | | |
$ | 22,062 | | |
$ | 1,523 | | |
7/17/2023 | |
6/30/23 | |
$ | 57 | | |
| 8 | % |
20. | |
Landa Series 593 Country Lane | |
Closed | |
1/7/2022 | |
2/17/2022 | |
| 10,000 | | |
$ | 24,592 | | |
$ | 1,020 | | |
6/30/2023 | |
6/30/23 | |
$ | 30 | | |
| 8 | % |
21. | |
Landa Series 6436 Stone Terrace | |
Closed | |
1/7/2022 | |
2/3/2022 | |
| 10,000 | | |
$ | 15,479 | | |
$ | 1,050 | | |
6/30/2023 | |
6/30/23 | |
$ | 41 | | |
| 8 | % |
| |
Series | |
Offering Status | |
Qualification
Date | |
Closing Date | |
Total
Number of Shares Sold(1) | | |
Total
Amount Raised(1) | | |
Monthly
Rental Income(2) | | |
Lease Expiration
Date(3) | |
Insurance Expiration
Date | |
Monthly
Insurance Expense | | |
Monthly
Management Fee* | |
22. | |
Landa Series 6440 Woodstone Terrace (4) | |
Closed | |
1/7/2022 | |
2/17/2022 | |
| 10,000 | | |
$ | 18,244 | | |
| - | | |
- | |
6/30/23 | |
$ | 43 | | |
| 8 | % |
23. | |
Landa Series 6848 Sandy Creek Drive | |
Closed | |
1/7/2022 | |
2/13/2022 | |
| 10,000 | | |
$ | 21,867 | | |
$ | 1,350 | | |
3/31/2023 | |
6/30/23 | |
$ | 32 | | |
| 8 | % |
24. | |
Landa Series 687 Utoy Court | |
Closed | |
1/7/2022 | |
4/19/2022 | |
| 10,000 | | |
$ | 32,922 | | |
$ | 975 | | |
3/1/2023 | |
6/30/23 | |
$ | 30 | | |
| 8 | % |
25. | |
Landa Series 729 Winter Lane (4) | |
Closed | |
1/7/2022 | |
03/04/2022 | |
| 10,000 | | |
$ | 31,221 | | |
| - | | |
- | |
6/30/23 | |
$ | 34 | | |
| 8 | % |
26. | |
Landa Series 7349 Exeter Court | |
Closed | |
1/7/2022 | |
4/20/2022 | |
| 10,000 | | |
$ | 39,138 | | |
$ | 1,150 | | |
4/30/2023 | |
6/30/23 | |
$ | 34 | | |
| 8 | % |
27. | |
Landa Series 8645 Embrey Drive | |
Closed | |
1/7/2022 | |
4/18/2022 | |
| 10,000 | | |
$ | 34,145 | | |
$ | 1,300 | | |
6/30/2023 | |
6/30/23 | |
$ | 35 | | |
| 8 | % |
28. | |
Landa Series 8780 Churchill Place (5) | |
Closed | |
1/7/2022 | |
03/07/2022 | |
| 10,000 | | |
$ | 38,057 | | |
| - | | |
- | |
6/30/23 | |
$ | 35 | | |
| 8 | % |
29. | |
Landa Series 8796 Parliament Place | |
Closed | |
1/7/2022 | |
03/11/2022 | |
| 10,000 | | |
$ | 31,089 | | |
$ | 1,350 | | |
8/31/2023 | |
6/30/23 | |
$ | 32 | | |
| 8 | % |
30. | |
Landa Series 8641 Ashley Way | |
Closed | |
1/7/2022 | |
8/22/2022 | |
| 10,000 | | |
$ | 49,950 | | |
$ | 1,100 | | |
5/31/2023 | |
6/30/23 | |
$ | 28 | | |
| 8 | % |
31. | |
Landa Series 8651 Ashley Way | |
Closed | |
1/7/2022 | |
04/19/2022 | |
| 10,000 | | |
$ | 41,901 | | |
$ | 1,050 | | |
1/31/2023 | |
6/30/23 | |
$ | 24 | | |
| 8 | % |
32. | |
Landa Series 8652 Ashley Way | |
(6) | |
1/7/2022 | |
(6) | |
| 10,000 | | |
$ | 59,329 | | |
$ | 1,100 | | |
8/31/2023 | |
6/30/23 | |
$ | 26 | | |
| 8 | % |
33. | |
Landa Series 8653 Ashley Way | |
Closed | |
1/7/2022 | |
8/8/2022 | |
| 10,000 | | |
$ | 52,933 | | |
$ | 1,100 | | |
5/31/2023 | |
6/30/23 | |
$ | 24 | | |
| 8 | % |
34. | |
Landa Series 8654 Ashley Way | |
(6) | |
1/7/2022 | |
(6) | |
| 10,000 | | |
$ | 46,500 | | |
$ | 1,103 | | |
6/30/2023 | |
6/30/23 | |
$ | 26 | | |
| 8 | % |
35. | |
Landa Series 8655 Ashley Way | |
(6) | |
1/7/2022 | |
(6) | |
| 10,000 | | |
$ | 61,052 | | |
$ | 1,100 | | |
7/31/2023 | |
6/30/23 | |
$ | 24 | | |
| 8 | % |
36. | |
Landa Series 8659 Ashley Way | |
(6) | |
1/7/2022 | |
(6) | |
| 10,000 | | |
$ | 63,265 | | |
$ | 1,250 | | |
7/31/2023 | |
6/30/23 | |
$ | 27 | | |
| 8 | % |
37. | |
Landa Series 8662 Ashley Way | |
Closed | |
1/7/2022 | |
9/21/2022 | |
| 10,000 | | |
$ | 56,097 | | |
$ | 975 | | |
7/31/2023 | |
6/30/23 | |
$ | 27 | | |
| 8 | % |
38. | |
Landa Series 8668 Ashley Way | |
Open | |
1/7/2022 | |
- | |
| 9,999 | | |
$ | 58,216 | | |
$ | 1,150 | | |
6/30/2023 | |
6/30/23 | |
$ | 33 | | |
| 8 | % |
39. | |
Landa Series 8670 Ashley Way | |
Open | |
1/7/2022 | |
- | |
| 9,997 | | |
$ | 64,601 | | |
$ | 1,050 | | |
7/1/2023 | |
6/30/23 | |
$ | 29 | | |
| 8 | % |
40. | |
Landa Series 8674 Ashley Way (4) | |
Closed | |
1/7/2022 | |
8/8/2022 | |
| 10,000 | | |
$ | 47,137 | | |
| - | | |
- | |
6/30/23 | |
$ | 25 | | |
| 8 | % |
41. | |
Landa Series 8675 Ashley Way | |
Closed | |
1/7/2022 | |
8/19/2022 | |
| 10,000 | | |
$ | 45,350 | | |
$ | 1,100 | | |
8/31/2023 | |
6/30/23 | |
$ | 26 | | |
| 8 | % |
42. | |
Landa Series 8677 Ashley Way | |
Closed | |
1/7/2022 | |
4/20/2022 | |
| 10,000 | | |
$ | 42,667 | | |
$ | 1,100 | | |
7/31/2023 | |
6/30/23 | |
$ | 25 | | |
| 8 | % |
43. | |
Landa Series 8678 Ashley Way | |
Open | |
1/7/2022 | |
- | |
| 9,999 | | |
$ | 64,006 | | |
$ | 1,100 | | |
7/31/2023 | |
6/30/23 | |
$ | 30 | | |
| 8 | % |
44. | |
Landa Series 8679 Ashley Way | |
Closed | |
1/7/2022 | |
8/3/2022 | |
| 10,000 | | |
$ | 46,117 | | |
$ | 1,000 | | |
10/31/2022 | |
6/30/23 | |
$ | 26 | | |
| 8 | % |
45. | |
Landa Series 8683 Ashley Way | |
Open | |
1/7/2022 | |
- | |
| 9,992 | | |
$ | 47,750 | | |
$ | 1,024 | | |
6/30/2023 | |
6/30/23 | |
$ | 23 | | |
| 8 | % |
| * | The
Monthly Management Fee payable by each Series is expected to equal eight percent (8%) of the Gross Monthly Rent. |
| (1) | 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. |
| (2) | The
Monthly Rental Income amount reflects the monthly rental payment due under the applicable lease agreement for the Property. |
| (3) | After
the Lease Expiration Date, the applicable lease agreement will become a month-to-month lease, unless the tenant provides written notice
within thirty (30) days of an intention to terminate the lease agreement. |
| (4) | As of
the date of this report, the Property underlying this Series is vacant. Landa Holdings, Inc. (the “Manager”) will not earn
its Management Fee on this apartment until the Manager enters into a new lease agreement with a tenant for this Property. |
| (5) | 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 Series will not earn any income and the Manager will not earn its Management Fee on Property
until the Manager enters into a new lease agreement with a tenant for the Property. |
| (6) | 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. |
5
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