09/05/2024 | Press release | Distributed by Public on 09/05/2024 13:40
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 1, 2024
LANDA APP 3 LLC
(Exact name of issuer as specified in its charter)
Delaware | 87-2881696 | |
(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) |
20 W. 22nd Street
New York, NY 10010
(Full mailing address of principal executive offices)
646-905-0931
(Issuer's telephone number, including area code)
Membership Interests: | ||
Landa App 3 LLC - 132 Cornelia Street Brooklyn NY LLC | Landa App 3 LLC - 1363 Hancock Street Brooklyn NY LLC | |
Landa App 3 LLC - 24 Ditmars Street Brooklyn NY LLC | Landa App 3 LLC - 368 Irwin Street NE Atlanta GA LLC | |
Landa App 3 LLC - 6696 Mableton Parkway SE Mableton GA LLC | Landa App 3 LLC - 996 Greenwood Avenue NE Atlanta GA LLC |
(Title of each class of securities issued pursuant to Regulation A)
Distribution Declaration
On September 1, 2024, 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 August 2024 (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 3 LLC - 132 Cornelia Street Brooklyn NY LLC | $ | 1,911 | $ | 0.025 | ||||
Landa App 3 LLC - 1363 Hancock Street Brooklyn NY LLC (4) | $ | 2,102.5 | $ | 0.03 | ||||
Landa App 3 LLC - 24 Ditmars Street Brooklyn NY LLC (4) | $ | 0 | $ | 0 | ||||
Landa App 3 LLC - 368 Irwin Street NE Atlanta GA LLC (2)(3)(4) | $ | 400 | $ | 0.004 | ||||
Landa App 3 LLC - 6696 Mableton Parkway SE Mableton GA LLC (2)(3)(4) | $ | 0 | $ | 0 | ||||
Landa App 3 LLC - 996 Greenwood Avenue NE Atlanta GA LLC (2)(3)(4) | $ | 0 | $ | 0 |
|
(1) Distributions by this Series were made based on the total Shares outstanding as of September 1, 2024.
(2) The tenant occupying one of the Units of this property is in breach of his Lease Agreement for failure to pay rent. The Manager is currently working with the tenant to vacate the unit. 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.
(3) This Property has one or more apartment units that are currently vacant. 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.
(4) The tenant occupying this property has either not paid rent or has only partially paid rent for August. The Manager, at its sole discretion, will determine whether sufficient funds, including reserves (as defined in the Offering Circular), are available to make a distribution to the holders of this Series' shares. If there are insufficient funds, no distribution will be made for this period.
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: September 3, 2024 | LANDA APP 3 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
Series |
Offering Status |
Qualification Date |
Closing Date |
Total Number of Shares Sold |
Total Amount Raised($)(1) |
Monthly Rental Income($)(2) |
Monthly Management Fee (%) |
|||||||||||||||||
1. | Landa Series 132 Cornelia Street Brooklyn NY LLC (3) | open | 06/28/2022 | 09/03/2024 |
76,759 |
1,459,469.53 |
9,555 | 5 | % | |||||||||||||||
2. | Landa Series 1363 Hancock Street Brooklyn NY LLC (3) | open | 06/28/2022 | 09/03/2024 |
69,851 |
1,911,541.07 |
10,742.5 | 5 | % | |||||||||||||||
3. | Landa Series 24 Ditmars Street Brooklyn NY LLC (3) | open | 06/28/2022 | 09/03/2024 |
86,994 |
1,752,430.62 |
6,975 | 5 | % | |||||||||||||||
4. | Landa Series 368 Irwin Street NE Atlanta GA LLC (4) | closed | 06/28/2022 | 05/16/2024 |
100,000 |
1,196,952 |
2,000 | 8 | % | |||||||||||||||
5. | Landa Series 6696 Mableton Parkway SE Mableton GA LLC (4) | closed | 06/28/2022 | 05/01/2023 |
100,000 |
505,527 |
3,223.75 | 8 | % | |||||||||||||||
6. | Landa Series 996 Greenwood Avenue NE Atlanta GA LLC (4) | open | 06/28/2022 | 09/03/2024 |
25,741 |
654,374.83 |
8,150 | 8 | % |