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): August 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 - 1096 Vincent Drive Mount Dora FL LLC   Landa App 2 LLC - 1120 9Th Court Pleasant Grove Al LLC
Landa App 2 LLC - 113 Hughes Avenue Sanford FL LLC   Landa App 2 LLC - 1434 Shirley Drive Lakeland FL LLC
Landa App 2 LLC - 1625 W MCFARLAND AVENUE GASTONIA NC LLC   Landa App 2 LLC - 1713 Alfen Street Jacksonville FL LLC
Landa App 2 LLC - 1744 Mountain Drive Tarrant Al LLC   Landa App 2 LLC - 179 Poplar Springs Drive Mulga Al LLC
Landa App 2 LLC - 200 15TH COURT NORTHWEST CENTER POINT AL LLC   Landa App 2 LLC - 2150 TISHAMINGO DRIVE BIRMINGHAM AL LLC
Landa App 2 LLC - 235 Celery Avenue North Jacksonville FL LLC   Landa App 2 LLC - 28 E Hammon Drive Apopka FL LLC
Landa App 2 LLC - 301 Woodstream Drive Gastonia Nc LLC   Landa App 2 LLC - 3029 CEDARIDGE DRIVE TAMPA FLORIDA LLC
Landa App 2 LLC - 340 17TH AVENUE NORTHWEST CENTER POINT AL LLC   Landa App 2 LLC - 4037 STONE DRIVE BESSEMER AL LLC
Landa App 2 LLC - 4126 Oriely Drive West Jacksonville FL LLC   Landa App 2 LLC - 4464 Willow Street Gardendale Al LLC
Landa App 2 LLC - 4601 SYLVANER LANE BIRMINGHAM AL LLC   Landa App 2 LLC - 503 8TH STREET SOUTH BESSEMER AL LLC
Landa App 2 LLC - 503 EAST ROBINSON STREET DALLAS NC LLC   Landa App 2 LLC - 580 Dorothy Street Bartow FL LLC
Landa App 2 LLC - 5844 Willow Crest Drive Pinson Al LLC   Landa App 2 LLC - 650 Willow Bend Lane Bessemer Al LLC
Landa App 2 LLC - 6716 Mopsy Lane Jacksonville FL LLC   Landa App 2 LLC - 6820 66Th Street South Birmingham Al LLC
Landa App 2 LLC - 7817 3Rd Avenue South Birmingham Al LLC   Landa App 2 LLC - 8048 OLD PLANK ROAD JACKSONVILLE FLORIDA LLC
Landa App 2 LLC - 808 Home Trail Gastonia Nc LLC   Landa App 2 LLC - 8990 Doris Lane Jacksonville FL LLC
Landa App 2 LLC - 913 2ND STREET KINGS MOUNTAIN NC LLC   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 August 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  July 2023 (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 - 1096 Vincent Drive Mount Dora FL LLC  $0.1   $0 
Landa App 2 LLC - 1120 9Th Court Pleasant Grove Al LLC  $0   $0 
Landa App 2 LLC - 113 Hughes Avenue Sanford FL LLC(2)  $18.88   $0.133 
Landa App 2 LLC - 1434 Shirley Drive Lakeland FL LLC  $331.9   $0.115 
Landa App 2 LLC - 1625 W MCFARLAND AVENUE GASTONIA NC LLC  $203.08   $0.181 
Landa App 2 LLC - 1713 Alfen Street Jacksonville FL LLC  $410.96   $0.072 
Landa App 2 LLC - 1744 Mountain Drive Tarrant Al LLC  $71.97   $0.122 
Landa App 2 LLC - 179 Poplar Springs Drive Mulga Al LLC  $210.52   $0.169 
Landa App 2 LLC - 200 15TH COURT NORTHWEST CENTER POINT AL LLC  $238.09   $0.089 
Landa App 2 LLC - 2150 TISHAMINGO DRIVE BIRMINGHAM AL LLC  $115.84   $0.157 
Landa App 2 LLC - 235 Celery Avenue North Jacksonville FL LLC  $317.75   $0.299 
Landa App 2 LLC - 28 E Hammon Drive Apopka FL LLC  $299.97   $0.234 
Landa App 2 LLC - 301 Woodstream Drive Gastonia Nc LLC  $32.41   $0.057 
Landa App 2 LLC - 3029 CEDARIDGE DRIVE TAMPA FLORIDA LLC  $0   $0 
Landa App 2 LLC - 340 17TH AVENUE NORTHWEST CENTER POINT AL LLC  $428.83   $0.088 
Landa App 2 LLC - 4037 STONE DRIVE BESSEMER AL LLC(2)  $279.92   $0.433 
Landa App 2 LLC - 4126 Oriely Drive West Jacksonville FL LLC  $165.21   $0.186 
Landa App 2 LLC - 4464 Willow Street Gardendale Al LLC  $0   $0 
Landa App 2 LLC - 4601 SYLVANER LANE BIRMINGHAM AL LLC  $226.35   $0.194 
Landa App 2 LLC - 503 8TH STREET SOUTH BESSEMER AL LLC(2)  $0   $0 
Landa App 2 LLC - 503 EAST ROBINSON STREET DALLAS NC LLC  $278.96   $0.229 
Landa App 2 LLC - 580 Dorothy Street Bartow FL LLC  $332.93   $0.94 
Landa App 2 LLC - 5844 Willow Crest Drive Pinson Al LLC  $66.18   $0.101 
Landa App 2 LLC - 650 Willow Bend Lane Bessemer Al LLC  $276.94   $0.3 
Landa App 2 LLC - 6716 Mopsy Lane Jacksonville FL LLC(2)  $205.79   $0.252 
Landa App 2 LLC - 6820 66Th Street South Birmingham Al LLC  $76.58   $0.106 
Landa App 2 LLC - 7817 3Rd Avenue South Birmingham Al LLC(4)  $0   $0 
Landa App 2 LLC - 8048 OLD PLANK ROAD JACKSONVILLE FLORIDA LLC(4)  $0   $0 
Landa App 2 LLC - 808 Home Trail Gastonia Nc LLC(2)  $0   $0 
Landa App 2 LLC - 8990 Doris Lane Jacksonville FL LLC  $616.43   $0.062 
Landa App 2 LLC - 913 2ND STREET KINGS MOUNTAIN NC LLC(3)  $502.4   $0.169 
Landa App 2 LLC - 126 Wildwood Road Stockbridge GA LLC  $329.49   $0.033 
Landa App 2 LLC - 137 Spring Valley Circle Stockbridge GA LLC  $359.52   $0.036 
Landa App 2 LLC - 153 Spring Valley Circle Stockbridge GA LLC  $356.01   $0.036 
Landa App 2 LLC - 2174 Scarbrough Road Stone Mountain GA LLC  $272.18   $0.027 
Landa App 2 LLC - 303 Kellys Walk Locust Grove GA LLC  $93.74   $0.009 
Landa App 2 LLC - 3192 Lake Monroe Road Douglasville GA LLC  $0   $0 
Landa App 2 LLC - 4085 Springvale Way Mcdonough GA LLC  $268.09   $0.027 
Landa App 2 LLC - 45 Robertford Drive Covington GA LLC(2)  $0   $0 

 



(1) Distributions by this Series were made based on the total Shares outstanding as of August 1, 2023.

(2) As of the date of this report, the tenant is still occupying the Properties underlying this Series and the Manager has commenced the process to remove these tenants. Once 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.

(3) This Property is 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) This Property is currently vacant.The Manager has determined that this Series does not have sufficient amounts (including any amounts in its Reserves) and will not be able to pay a Distribution to the holders of this Series' Shares for this Distribution 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: August 4, 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

 

   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 1096 Vincent Drive (5)  open  03/27/2023  -    

837

    

11,434.01

    1,950    486.52    254.18    8%
2.  Landa Series 1120 9th Court (5)  open  03/27/2023  -    

1,400

    

11,327.4

    1,125    28    55.47    8%
3.  Landa Series 113 Hughes Avenue (5)(6)  open  03/27/2023  -    

142

    

2,136.49

    1,775    0    0    8%
4.  Landa Series 1434 Shirley Drive (5)  open  03/27/2023  -    

2,865

    

39,881.95

    1,800    315.67    188.7    8%
5.  Landa Series 1625 W McFarland Avenue (5)  open  03/27/2023  -    

1,122

    

13,728.68

    1,500    171.46    100.51    8%
6.  Landa Series 1713 Alfen Street (5)  open  03/27/2023  -    

5,694

    

43,798.82

    1,384    184.86    148.13    8%
7.  Landa Series 1744 Mountain Drive (5)  open  03/27/2023  -    

588

    

4,440.99

    955    37.46    65.62    8%
8.  Landa Series 179 Poplar Springs Drive (5)  open  03/27/2023  -    

1,244

    

8,906.79

    950    9.5    59.49    8%
9.  Landa Series 200 15th Court Northwest (5)  open  03/27/2023  -    

2,622

    

17,679.62

    1,000    27.56    55.47    8%
10.  Landa Series 2150 Tishamingo Drive (5)  open  03/27/2023  -    

737

    

6,612.88

    1,200    169.12    63.51    8%
11.  Landa Series 235 Celery Avenue North (5)  open  03/27/2023  -    

1,062

    

12,887.26

    1,700    106.53    208.07    8%
12.  Landa Series 28 E Hammon Drive (5)  open  03/27/2023  -    

1,284

    

14,983.38

    1,600    86.52    194.24    8%
13.  Landa Series 301 Woodstream Drive (5)  open  03/27/2023  -    

569

    

7,279.33

    1,470    138.76    97.69    8%
14.  Landa Series 3029 Cedaridge Drive (5)  open  03/27/2023  -    

1,381

    

23,274.55

    2,300    544.52    322.41    8%
15.  Landa Series 340 17th Avenue Northwest (5)  open  03/27/2023  -    

4,815

    

36,428.85

    1,250    78.58    63    8%
16.  Landa Series 4037 Stone Drive (5)(6)  open  03/27/2023  -    

646

    

5,900.95

    1,275    147    80.4    8%
17.  Landa Series 4126 Oriely Drive West (5)  open  03/27/2023  -    

886

    

10,589.03

    0    351.68    208.99    8%
18.  Landa Series 4464 Willow Street (5)  open  03/27/2023  -    

251

    

2,448.05

    1,275    95.32    91.66    8%
19.  Landa Series 4601 Sylvaner Lane (5)  open  03/27/2023  -    

1,167

    

17,760.11

    1,895    128.52    123.83    8%
20.  Landa Series 503 8th Street South (5)(6)  open  03/27/2023  -    

821

    

5,126.49

    950    0    56.27    8%
21.  Landa Series 503 East Robinson Street (5)  open  03/27/2023  -    

1,220

    

10,214.57

    1,100    61.94    62.3    8%
22.  Landa Series 580 Dorothy Street (5)  open  03/27/2023  -    

354

    

4,674.61

    1,590    24.34    171.17    8%
23.  Landa Series 5844 Willow Crest Drive (5)  open  03/27/2023  -    

656

    

6,684.9

    1,450    0    0    8%
24.  Landa Series 650 Willow Bend Lane (5)  open  03/27/2023  -    

922

    

8,047.31

    1,110    62.02    65.48    8%
25.  Landa Series 6716 Mopsy Lane (5)(6)  open  03/27/2023  -    

817

    

8,771.39

    1,500    318.13    185.02    8%
26.  Landa Series 6820 66th Street South (5)  open  03/27/2023  -    

722

    

5,617.3

    975    99.36    66.32    8%
27.  Landa Series 7817 3rd Avenue South (5)(7)  closed  03/27/2023  07/23/2023    

10,000

    

54,393

    0    97.51    50.24    8%
28.  Landa Series 8048 Old Plank Road (5)(7)  open  03/27/2023  -    

142

    

1,699.12

    0    0    0    8%
29.  Landa Series 808 Home Trail (5)(6)  open  03/27/2023  -    

100

    

1,560.59

    1,495    0    0    8%
30.  Landa Series 8990 Doris Lane (5)  closed  03/27/2023  05/03/2023    

10,000

    

39,285

    1,300    127.98    115.76    8%
31.  Landa Series 913 2nd Street (5)(7)  open  03/27/2023  -    

2,976

    

27,311.05

    0    55.86    58.68    8%
32.  Landa Series 126 Wildwood Road (5)  closed  12/03/2021  08/11/2022    

10,000

    

69,321

    1,543.5    523.99    34.36    8%
33.  Landa Series 137 Spring Valley Circle (5)  closed  12/03/2021  03/31/2023    

10,000

    

68,203

    1,470    449.28    37.27    8%
34.  Landa Series 153 Spring Valley Circle (5)  closed  12/03/2021  04/05/2023    

10,000

    

85,308

    1,675    551.36    35.88    8%
35.  Landa Series 2174 Scarbrough Road (5)  closed  12/03/2021  03/31/2023    

10,000

    

66,954

    1,627.5    611.7    36.82    8%
36.  Landa Series 303 Kellys Walk (5)  closed  12/03/2021  04/19/2022    

10,000

    

105,377

    1,837.5    996.78    43.63    8%
37.  Landa Series 3192 Lake Monroe Road (5)  closed  12/03/2021  04/19/2022    

10,000

    

59,768.5

    1,425    0    32.66    8%
38.  Landa Series 4085 Springvale Way (5)  closed  12/03/2021  08/25/2022    

10,000

    

113,687

    2,094.75    934.88    44.03    8%
39.  Landa Series 45 Robertford Drive (5)(6)  closed  12/03/2021  04/19/2022    

10,000

    

92,925

    0    566.46    48.79    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.

(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) Taxes on this Property may be subject to review and adjustment on a semi-annual basis.

(5) The Monthly Management Fee payable by each Series is expected to equal eight percent (8%) of the Gross Monthly Rent.

(6) As of the date of this report, the tenant is still occupying the Properties underlying this Series and the Manager has commenced the process to remove these tenants. Once 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.

(7) This Property is 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.

 

 

 

 

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