UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 1-U/A
CURRENT REPORT PURSUANT TO REGULATION A
Date of Report (Date of earliest event reported): March 31, 2022
LANDA APP 2 LLC
(Exact name of issuer as specified in its charter)
| Delaware | 87-1767314 | |
| (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 2 LLC - 2174 Scarbrough Road Stone Mountain GA LLC | Landa App 2 LLC - 3192 Lake Monroe Road Douglasville GA LLC | |
| Landa App 2 LLC - 153 Spring Valley Stockbridge GA LLC | Landa App 2 LLC - 45 Robertford Drive Covington GA LLC | |
| Landa App 2 LLC - 126 Wildwood Road Stockbridge GA LLC | Landa App 2 LLC - 303 Kellys Walk Locust Grove GA LLC | |
| Landa App 2 LLC - 137 Spring Valley Circle Stockbridge GA LLC | Landa App 2 LLC - 4085 Springvale Way McDonough GA LLC |
(Title of each class of securities issued pursuant to Regulation A)
EXPLANATORY NOTE
This Current Report on Form 1-U is being filed to amend the Form 1-U filed on April 5, 2022 (the “Original Form 1-U”) for purpose of correcting certain amounts related to the Monthly Rental Income. The remainder of the Original Form 1-U remains unchanged is available here and is incorporated herein by reference.
Item 1. Fundamental Changes
The following table update certain information provided in the Master Series Table regarding the properties set forth below (the “Properties” and each a “Property”).
New Lease Agreements and Renewals
The following lease agreements (each, a “Lease Agreement”) were either renewed or entered into with a tenant on the terms set forth in the table below.
| Series | Address | Lease Commencement Date | Monthly Rental Income (1) | Lease Expiration Date (2) | ||||||
| Landa App 2 LLC - 2174 Scarbrough Road Stone Mountain GA LLC(3) | 2174 Scarbrough Road, Stone Mountain, GA, 30088 | - | $ | 1,160 | - | |||||
| Landa App 2 LLC - 126 Wildwood Road Stockbridge GA LLC | 126 Wildwood Road, Stockbridge, GA, 30281 | April 1, 2022 | $ | 1,470 | March 31, 2023 | |||||
| Landa App 2 LLC - 137 Spring Valley Circle Stockbridge GA LLC | 137 Spring Valley Cir, Stockbridge, GA, 30281 | April 1, 2022 | $ | 1,400 | March 31, 2023 | |||||
| (1) | The Monthly Rental Income reflects the monthly rental payment set forth in the Lease Agreement. |
| (2) | After the Lease Expiration Date, the Lease Agreement will become a month-to-month lease, unless the tenant provides written notice at least thirty (30) days prior to the Lease Expiration Date of an intention to terminate the Lease Agreement. |
| (3) | This Lease Agreement expired on March 31, 2022. The Manager has agreed to extend the tenant’s Lease Agreement until May 31, 2022, at a monthly rental amount of $1,160. |
The foregoing is a summary of the terms of the applicable Lease Agreements and does not purport to be a complete description of such terms. This summary is qualified in its entirety by reference to the applicable Lease Agreements, which are filed as Exhibits 6.1 and 6.2 to this report.
1
EXHIBITS
The following exhibits are filed herewith:
| * | Previously filed |
2
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: April 25, 2022 | LANDA APP 2 LLC | |
| By: | Landa Holdings, Inc., | |
| its Manager | ||
| By: | /s/ Yishai Cohen | |
| Name: | Yishai Cohen | |
| Title: | Chairman, Chief Executive Officer, and President | |
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