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): September 30, 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)

 

 

 

 

 

Item 9. Other Events

 

The table included as Exhibit A hereto supersedes the Master Series Tables found in the previously-filed offering circular (the “Offering Circular”) of Landa 2 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

 

Property Vacancies; Lease Non-Renewals

 

The following Series’ Property is either vacant or the tenant has not renewed. See the Master Series Table included as Exhibit A hereto for updated leasing status.

 

Series    Address 
Landa App 2 LLC - 153 Spring Valley Stockbridge GA LLC   153 Spring Valley Circle, Stockbridge, GA 30281

 

Distribution Declaration

 

On October 1, 2022, the Landa Holdings, Inc. (the “Manager”), as manager to each of the following Series of the Company, declared and paid a cash distribution (the “Distribution”) for such Series for the month of September 2022 (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 2 LLC - 2174 Scarbrough Road Stone Mountain GA LLC  $765.18   $0.002 
Landa App 2 LLC - 3192 Lake Monroe Road Douglasville GA LLC  $649.34   $0.065 
Landa App 2 LLC - 4085 Springvale Way Mcdonough GA LLC  $862.32   $0.086 
Landa App 2 LLC - 137 Spring Valley Circle Stockbridge GA LLC  $569.73   $0.057 
Landa App 2 LLC – 153 Spring Valley Circle Stockbridge GA LLC  $646.12   $0.065 
Landa App 2 LLC – 126 Wildwood Road Stockbridge GA LLC  $663.04   $0.066 
Landa App 2 LLC - 45 Robertford Drive Covington GA LL(2)  $1,120.88   $0.112 
Landa App 2 LLC – 303 Kellys Walk Locust Grove GA LLC  $944.51   $0.094 

 

(1)Distributions by each Series were made based on the total Shares outstanding as of September 30, 2022.

 

(2)The tenant occupying this Property has not paid their rent for the month of September. The Manager, acting in its sole discretion, is using a portion of its Reserve (as defined in the Company’s 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

 

 

EXHIBITS

 

The following exhibit is filed herewith:

 

Exhibit No.   Description
A   Master Series Table

 

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: October 6, 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

 

3

 

 

Exhibit A

 

Master Series Table

 

   Series  Offering
Status		  Qualification
Date		  Closing
Date		   Total
Number of
Shares
Sold(1)		   Total
Amount
Raised(2)($)		   Monthly
Rental
Income(3)($)		   Lease
Expiration
Date(4)		   Monthly Property Tax($)   Insurance
Expiration
Date($)		  Monthly
Insurance
Expense($)		   Monthly
Management
Fee*		 
1.  Landa Series 2174 Scarbrough Road (1)  Open  12/2/2021   -    7,568    50,670.79    1,550    7/31/2023    135   06/30/2023   36.82    8%
2.  Landa Series 153 Spring Valley Circle (1)  Open  12/2/2021   -    4,465    38,089.58    -    -    187   06/30/2023   35.88    8%
3.  Landa Series 126 Wildwood Road (1)  Closed  12/2/2021   8/11/2022    10,000    69,321.00    1,470    3/31/2023    190   06/30/2023   34.36    8%
4.  Landa Series 137 Spring Valley Circle (1)  Open  12/2/2021   -    5,161    35,199.57    1,400    4/1/2023    191   06/30/2023   37.27    8%
5.  Landa Series 3192 Lake Monroe Road (1)  Closed  12/2/2021   4/22/2022    10,000    59,769.00    1,400    4/30/2023    73   06/30/2023   32.66    8%
6.  Landa Series 45 Robertford Drive (1)  Closed  12/2/2021   4/22/2022    10,000    92,926.00    2,204    6/30/2023    157   06/30/2023   48.79    8%
7.  Landa Series 303 Kellys Walk (1)  Closed  12/2/2021   4/27/2022    10,000    105,346.00    1,838    6/30/2023    35   06/30/2023   43.63    8%
8.  Landa Series 4085 Springvale Way (1)  Closed  12/2/2021   6/27/2022    10,000    113,687.00    2,095    8/31/2023    222   06/30/2023   44.03    8%

 

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

 

(1)Title for this Property is held by its underlying Series.

 

(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)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.