Current Report Pursuant to Regulation a (1-u)
08 November 2022 - 12:59AM
Edgar (US Regulatory)
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): October 31, 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
November 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 October 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 | | |
$ | 0.077 | |
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 - 137 Spring Valley Circle Stockbridge GA LLC | |
$ | 471.73 | | |
$ | 0.047 | |
Landa App 2 LLC – 153 Spring Valley Circle Stockbridge GA LLC | |
$ | 939.62 | | |
$ | 0.094 | |
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 October 31, 2022. |
| (2) | The
tenant occupying this Property has not paid their rent for the month of October. 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.
EXHIBITS
The
following exhibit is filed herewith:
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:
November 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 |
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 | |
| - | | |
| 7,767 | | |
| 52,000,06 | | |
| 1,550 | | |
| 7/31/2023 | | |
| 135 | | |
06/30/2023 | |
| 36.82 | | |
| 8 | % |
2. | |
Landa Series 153 Spring Valley Circle
(1) | |
Open | |
12/2/2021 | |
| - | | |
| 4,585 | | |
| 39,114.63 | | |
| - | | |
| - | | |
| 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 | |
| - | | |
| 5,306 | | |
| 36,186.92 | | |
| 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 | | |
| 68/31/2023 | | |
| 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. |
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