1-U 1 ea162570-1u_landaapp.htm CURRENT REPORT

 

 

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): June 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 1. Fundamental Changes

 

The following updates certain information provided in the Master Series Table found in the offering circular (the “Offering Circular”) of Landa App LLC (the “Company”), dated January 7, 2022, 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 LLC - 593 Country Lane Drive Jonesboro GA LLC  593 Country Lane Drive Jonesboro, GA 30238  July 1, 2022  $1,020   June 30, 2023
Landa App LLC - 8668 Ashley Way Douglasville GA LLC  8668 Ashley Way Douglasville, GA 30134  July 1, 2022  $1,150   June 30, 2023
Landa App LLC - 8654 Ashley Way Douglasville GA LLC  8654 Ashley Way Douglasville, GA 30134  July 1, 2022  $1,103   June 30, 2023
Landa App LLC - 6436 Stone Terrace Morrow GA LLC  6436 Stone Terrace, Morrow, GA 30260  July 1, 2022  $1,050   June 30, 2023
Landa App LLC - 8645 Embrey Drive Jonesboro GA LLC  8645 Embrey Dr Jonesboro, GA 30236  July 1, 2022  $1,300   June 30, 2023
Landa App LLC - 8683 Ashley Way Douglasville GA LLC  8683 Ashley Way Douglasville, GA 30134  July 1, 2022  $1,024   June 30, 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.

 

The foregoing is a summary of the terms of the applicable Lease Agreement for the Property set forth in the table above 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 Agreement, a form of which can be found here.

 

Property Vacancies; Lease Non-Renewals

 

Landa App LLC - 6440 Woodstone Terrace Morrow GA LLC

 

The tenant occupying the Property located at 6440 Woodstone Terrace, Morrow, GA 30260 vacated the Property prior to the lease expiration date. The Property is currently unoccupied. As of the date of this report, the Manager has not identified a new tenant to enter into a Lease Agreement for this Property. This Property will not earn any income and the Manager will not earn its Management Fee until the Manager enters into a new Lease Agreement with a tenant for this Property. 

 

Item 9. Other Events

 

Distribution Declaration

 

On July 1, 2022, Landa Holdings, Inc. (the “Manager”), as the 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 June 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.

 

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Series  Cash Available
for Distribution($)		   Distribution
per Share($)(1)		 
Landa App LLC - 1394 Oakview Circle Forest Park GA LLC  $370.21   $0.037 
Landa App LLC - 1703 Summerwoods Lane Griffin GA LLC  $304.20   $0.030 
Landa App LLC – 1712 Summerwoods Lane Griffin GA LLC  $278.82   $0.028 
Landa App LLC - 1743 Summerwoods Lane Griffin GA LLC  $476.32   $0.048 
Landa App LLC - 1750 Summerwoods Lane Griffin GA LLC  $450.82   $0.045 
Landa App LLC - 4267 High Park Lane East Point GA LLC(2)  $349.46   $0.035 
Landa App LLC - 4474 Highwood Park Drive East Point GA LLC(2)  $189.15   $0.019 
Landa App LLC - 8569 Creekwood Way Jonesboro GA LLC(3)  $279.32   $0.028 
Landa App LLC - 9439 Lakeview Road Union City GA LLC  $215.99   $0.022 
Landa App LLC - 10167 Port Royal Court Jonesboro GA LLC  $396.00   $0.040 
Landa App LLC - 1246 Elgin Way Riverdale GA LLC  $442.19   $0.044 
Landa App LLC - 1910 Grove Way Hampton GA LLC (2)  $742.67   $0.074 
Landa App LLC - 593 Country Lane Jonesboro GA LLC  $351.67   $0.035 
Landa App LLC - 6436 Stone Terrace Morrow GA LLC  $349.74   $0.035 
Landa App LLC - 6440 Woodstone Terrace Morrow GA LLC  $508.82   $0.051 
Landa App LLC - 6848 Sandy Creek Drive Riverdale GA LLC  $599.87   $0.060 
Landa App LLC - 687 Utoy Court Jonesboro GA LLC  $361.22   $0.036 
Landa App LLC - 729 Winter Lane Jonesboro GA LLC(2)  $317.00   $0.032 
Landa App LLC - 7349 Exeter Court Riverdale GA LLC  $520.36   $0.052 
Landa App LLC – 8645 Embrey Drive Jonesboro GA LLC  $426.00   $0.043 
Landa App LLC - 8780 Churchill Place Jonesboro GA LLC  $615.88   $0.062 
Landa App LLC - 8796 Parliament Place Jonesboro GA LLC  $414.59   $0.041 
Landa App LLC - 8641 Ashley Way Douglasville GA LLC  $415.68   $0.042 
Landa App LLC - 8651 Ashley Way Douglasville GA LLC  $456.05   $0.046 
Landa App LLC - 8652 Ashley Way Douglasville GA LLC(2)  $572.00   $0.057 
Landa App LLC - 8653 Ashley Way Douglasville GA LLC  $548.25   $0.055 
Landa App LLC - 8654 Ashley Way Douglasville GA LLC  $409.68   $0.041 
Landa App LLC - 8655 Ashley Way Douglasville GA LLC (2)  $482.57   $0.048 
Landa App LLC - 8659 Ashley Way Douglasville GA LLC (2)  $456.00   $0.046 
Landa App LLC - 8662 Ashley Way Douglasville GA LLC  $369.99   $0.037 
Landa App LLC - 8668 Ashley Way Douglasville GA LLC  $321.77   $0.032 
Landa App LLC - 8670 Ashley Way Douglasville GA LLC  $341.59   $0.034 
Landa App LLC - 8674 Ashley Way Douglasville GA LLC  $462.06   $0.046 
Landa App LLC - 8675 Ashley Way Douglasville GA LLC (2)  $637.00   $0.064 
Landa App LLC - 8677 Ashley Way Douglasville GA LLC  $455.27   $0.046 
Landa App LLC - 8678 Ashley Way Douglasville GA LLC  $228.01   $0.023 
Landa App LLC - 8679 Ashley Way Douglasville GA LLC  $357.87   $0.036 
Landa App LLC - 8683 Ashley Way Douglasville GA LLC  $382.37   $0.038 

 

(1) Each Share represents a 1/10,000th interest in the Distribution.

(2) This Property is currently vacant. 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. 
(3)The tenant occupying this Property has not paid their rent, or has only paid a portion of their rent, for the month of June. 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 Circular available here. 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: July 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

 

 

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