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): December 1, 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 - 137 Spring Valley Circle Stockbridge GA LLC | 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 - 4085 Springvale Way Mcdonough GA LLC | |
| Landa App 2 LLC - 45 Robertford Drive Covington GA LLC | Landa App 2 LLC - 303 Kellys Walk Locust Grove GA LLC | |
| Landa App 2 LLC - 153 Spring Valley Circle Stockbridge GA LLC | Landa App 2 LLC - 126 Wildwood Road Stockbridge GA LLC | |
(Title of each class of securities issued pursuant to Regulation A)
Item 9. Other Events
Distribution Declaration
On December 1, 2022, 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 November 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 - 4085 Springvale Way Mcdonough GA LLC | $ | 855.34 | $ | 0.086 | ||||
| Landa App 2 LLC - 2174 Scarbrough Road Stone Mountain GA LLC | $ | 765.18 | $ | 0.09 | ||||
| Landa App 2 LLC - 137 Spring Valley Circle Stockbridge GA LLC | $ | 569.73 | $ | 0.098 | ||||
| Landa App 2 LLC - 45 Robertford Drive Covington GA LLC | $ | 1120.88 | $ | 0.112 | ||||
| Landa App 2 LLC - 3192 Lake Monroe Road Douglasville GA LLC | $ | 649.34 | $ | 0.065 | ||||
| Landa App 2 LLC - 153 Spring Valley Circle Stockbridge GA LLC | $ | 939.62 | $ | 0.19 | ||||
| Landa App 2 LLC - 126 Wildwood Road Stockbridge GA LLC | $ | 663.04 | $ | 0.066 | ||||
| Landa App 2 LLC - 303 Kellys Walk Locust Grove GA LLC | $ | 944.50 | $ | 0.094 | ||||
| (1) | Distributions by each Series were made based on the total Shares outstanding as of November 30, 2022 |
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.
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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 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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Exhibit A
Master Series Table
| Series | Offering Status | Qualification Date | Closing Date | Total Number of Shares Sold (1) | Total Amount Raised (1)($) | Monthly Rental Income(2) ($) | Monthly Property Tax ($) | Monthly Insurance Expense($) | Monthly Management Fee* | |||||||||||||||||||||||||
| 1. | Landa Series 126 Wildwood Road Stockbridge (1) | open | 12/3/2021 | - | 9,995 | 68,727.34 | 1,470.00 | 190.00 | 34.36 | 8.00 | % | |||||||||||||||||||||||
| 2. | Landa Series 137 Spring Valley Circle Stockbridge (1) | open | 12/3/2021 | - | 5,809 | 39,619.04 | 1,400.00 | 191.00 | 37.27 | 8.00 | % | |||||||||||||||||||||||
| 3. | Landa Series 153 Spring Valley Circle Stockbridge (1) | open | 12/3/2021 | - | 4,903 | 41,826.44 | 1,675.00 | 187.00 | 35.88 | 8.00 | % | |||||||||||||||||||||||
| 4. | Landa Series 2174 Scarbrough Road Stone Mountain (1) | open | 12/3/2021 | - | 8,457 | 56,623.07 | 1,550.00 | 135.00 | 36.82 | 8.00 | % | |||||||||||||||||||||||
| 5. | Landa Series 303 Kellys Walk Locust Grove (1) | close | 12/3/2021 | - | 10,000 | 102,167.26 | 1,837.50 | 35.00 | 43.63 | 8.00 | % | |||||||||||||||||||||||
| 6. | Landa Series 3192 Lake Monroe Road Douglasville (1) | open | 12/3/2021 | - | 9,999 | 59,289.20 | 1,400.00 | 73.00 | 32.66 | 8.00 | % | |||||||||||||||||||||||
| 7. | Landa Series 4085 Springvale Way Mcdonough (1) | open | 12/3/2021 | - | 9,998 | 112,181.00 | 2,094.75 | 222.00 | 44.03 | 8.00 | % | |||||||||||||||||||||||
| 8. | Landa Series 45 Robertford Drive Covington (1) | open | 12/3/2021 | - | 9,998 | 92,440.87 | 2,203.95 | 157.00 | 48.79 | 8.00 | % | |||||||||||||||||||||||
| * | 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. |
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