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): January 1, 2023
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 - 126 Wildwood Road Stockbridge GA LLC | Landa App 2 LLC - 137 Spring Valley Circle Stockbridge GA LLC | |
Landa App 2 LLC - 153 Spring Valley Circle Stockbridge GA LLC | Landa App 2 LLC - 2174 Scarbrough Road Stone Mountain GA LLC | |
Landa App 2 LLC - 303 Kellys Walk Locust Grove 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 |
(Title of each class of securities issued pursuant to Regulation A)
Distribution Declaration
On January 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 December 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 - 137 Spring Valley Circle Stockbridge GA LLC | $ | 471.73 | $ | 0.073 | ||||
Landa App 2 LLC - 2174 Scarbrough Road Stone Mountain GA LLC | $ | 765.18 | $ | 0.083 | ||||
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 | $ | 855.34 | $ | 0.086 | ||||
Landa App 2 LLC - 45 Robertford Drive Covington GA LLC(2) | $ | 1,120.88 | $ | 0.112 | ||||
Landa App 2 LLC - 303 Kellys Walk Locust Grove GA LLC | $ | 944.5 | $ | 0.094 | ||||
Landa App 2 LLC - 153 Spring Valley Circle Stockbridge GA LLC | $ | 636.45 | $ | 0.123 | ||||
Landa App 2 LLC - 126 Wildwood Road Stockbridge GA LLC | $ | 663.04 | $ | 0.066 |
(1) Distributions by this Series were made based on the total Shares outstanding as of January 1, 2023.
(2) The tenant occupying this Property has not paid their rent, or has only paid a portion of their rent, for the month of December.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.
1
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: January 1, 2023 | LANDA APP 2 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 6,512 44,193.11 9,246 61,171.55 10,000 59,295.13 10,000 112,203.44 10,000 92,459.36 10,000 102,167.26 5,194 44,008.02 10,000 68,761.72
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 137 Spring Valley Circle (5)
open
12/03/2021
-
1,400
191
37.27
8 %
2.
Landa Series 2174 Scarbrough Road (5)
open
12/03/2021
-
1,550
135
36.82
8 %
3.
Landa Series 3192 Lake Monroe Road (5)
closed
12/03/2021
04/22/2022
1,400
73
32.66
8 %
4.
Landa Series 4085 Springvale Way (5)
closed
12/03/2021
08/25/2022
2,094.75
222
44.03
8 %
5.
Landa Series 45 Robertford Drive (5)(6)
closed
12/03/2021
04/22/2022
2,203.95
157
48.79
8 %
6.
Landa Series 303 Kellys Walk (5)
closed
12/03/2021
04/27/2022
1,837.5
35
43.63
8 %
7.
Landa Series 153 Spring Valley Circle (5)
open
12/03/2021
-
1,675
187
35.88
8 %
8.
Landa Series 126 Wildwood Road (5)
closed
12/03/2021
08/12/2022
1,470
190
34.36
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.