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 25, 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.)

 

20 W. 22th Street

Suite 1411

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 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 September 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  August 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  $171.82   $0.155 
Landa App 2 LLC - 1120 9Th Court Pleasant Grove Al LLC  $298.45   $0.169 
Landa App 2 LLC - 113 Hughes Avenue Sanford FL LLC(5)  $0   $0 
Landa App 2 LLC - 1434 Shirley Drive Lakeland FL LLC  $0   $0 
Landa App 2 LLC - 1625 W MCFARLAND AVENUE GASTONIA NC LLC  $163.41   $0.107 
Landa App 2 LLC - 1713 Alfen Street Jacksonville FL LLC(7)  $444.2   $0.061 
Landa App 2 LLC - 1744 Mountain Drive Tarrant Al LLC  $83.74   $0.127 
Landa App 2 LLC - 179 Poplar Springs Drive Mulga Al LLC(6)  $32.25   $0.019 
Landa App 2 LLC - 200 15TH COURT NORTHWEST CENTER POINT AL LLC  $264.7   $0.079 
Landa App 2 LLC - 2150 TISHAMINGO DRIVE BIRMINGHAM AL LLC(6)  $179.23   $0.209 
Landa App 2 LLC - 235 Celery Avenue North Jacksonville FL LLC(2)  $357.35   $0.269 
Landa App 2 LLC - 28 E Hammon Drive Apopka FL LLC  $346.42   $0.198 
Landa App 2 LLC - 301 Woodstream Drive Gastonia Nc LLC(2)  $86.33   $0.104 
Landa App 2 LLC - 3029 CEDARIDGE DRIVE TAMPA FLORIDA LLC(4)  $0   $0 
Landa App 2 LLC - 340 17TH AVENUE NORTHWEST CENTER POINT AL LLC  $474.8   $0.052 
Landa App 2 LLC - 4037 STONE DRIVE BESSEMER AL LLC(5)  $0   $0 
Landa App 2 LLC - 4126 Oriely Drive West Jacksonville FL LLC(4)  $0   $0 
Landa App 2 LLC - 4464 Willow Street Gardendale Al LLC  $0   $0 
Landa App 2 LLC - 4601 SYLVANER LANE BIRMINGHAM AL LLC(2)  $275.25   $0.206 
Landa App 2 LLC - 503 8TH STREET SOUTH BESSEMER AL LLC(5)  $0   $0 
Landa App 2 LLC - 503 EAST ROBINSON STREET DALLAS NC LLC(2)  $327.06   $0.153 
Landa App 2 LLC - 580 Dorothy Street Bartow FL LLC  $364.34   $0.377 
Landa App 2 LLC - 5844 Willow Crest Drive Pinson Al LLC  $224.17   $0.325 
Landa App 2 LLC - 650 Willow Bend Lane Bessemer Al LLC  $0   $0 
Landa App 2 LLC - 6716 Mopsy Lane Jacksonville FL LLC(4)  $0   $0 
Landa App 2 LLC - 6820 66Th Street South Birmingham Al LLC  $46.2   $0.059 
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(5)  $0   $0 
Landa App 2 LLC - 8990 Doris Lane Jacksonville FL LLC  $568.17   $0.057 
Landa App 2 LLC - 913 2ND STREET KINGS MOUNTAIN NC LLC(4)  $0   $0 
Landa App 2 LLC - 126 Wildwood Road Stockbridge GA LLC  $396.61   $0.04 
Landa App 2 LLC - 137 Spring Valley Circle Stockbridge GA LLC  $0   $0 
Landa App 2 LLC - 153 Spring Valley Circle Stockbridge GA LLC(3)  $0   $0 
Landa App 2 LLC - 2174 Scarbrough Road Stone Mountain GA LLC  $229.56   $0.023 
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  $53.92   $0.005 
Landa App 2 LLC - 4085 Springvale Way Mcdonough GA LLC  $289.04   $0.029 
Landa App 2 LLC - 45 Robertford Drive Covington GA LLC(5)  $0   $0 

 



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

(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.

(5) 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.

(6) The tenant occupying this Property has not paid their rent, or has only paid a portion of their rent, for the month of August.

(7) 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.


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.


Resignation of Board Member of the Manager:

Effective August 25, 2023, Amit Assaraf resigned from the Board of the Manager, which directs the Company's operations.

 

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 13, 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  -    

1,107

    

15,122.39

    1,950    324.26    254.18    8%
2.  Landa Series 1120 9th Court (5)  open  03/27/2023  -    

1,994

    

16,133.45

    1,125    8.02    55.47    8%
3.  Landa Series 113 Hughes Avenue (5)(6)  open  03/27/2023  -    

229

    

3,445.47

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

3,179

    

44,252.95

    1,800    204.08    188.7    8%
5.  Landa Series 1625 W McFarland Avenue (5)  open  03/27/2023  -    

1,541

    

18,855.52

    1,500    114.23    100.51    8%
6.  Landa Series 1713 Alfen Street (5)(7)  open  03/27/2023  -    

7,678

    

59,059.94

    0    123.18    148.13    8%
7.  Landa Series 1744 Mountain Drive (5)  open  03/27/2023  -    

660

    

4,984.78

    955    28.48    65.62    8%
8.  Landa Series 179 Poplar Springs Drive (5)(8)  open  03/27/2023  -    

1,707

    

12,221.78

    950    4.37    59.49    8%
9.  Landa Series 200 15th Court Northwest (5)  open  03/27/2023  -    

3,459

    

23,323.35

    1,000    18.53    55.47    8%
10.  Landa Series 2150 Tishamingo Drive (5)(8)  open  03/27/2023  -    

861

    

7,725.49

    1,200    112.81    63.51    8%
11.  Landa Series 235 Celery Avenue North (5)(8)  open  03/27/2023  -    

1,340

    

16,260.77

    1,880    80.43    208.07    8%
12.  Landa Series 28 E Hammon Drive (5)  open  03/27/2023  -    

1,760

    

20,537.97

    1,600    57.76    194.24    8%
13.  Landa Series 301 Woodstream Drive (5)(8)  open  03/27/2023  -    

835

    

10,682.32

    1,470    92.38    97.69    8%
14.  Landa Series 3029 Cedaridge Drive (5)(7)  open  03/27/2023  -    

1,598

    

26,931.73

    0    363.01    322.41    8%
15.  Landa Series 340 17th Avenue Northwest (5)  closed  03/27/2023  09/11/2023    

10,000

    

75,657

    1,250    52.29    63    8%
16.  Landa Series 4037 Stone Drive (5)(6)  open  03/27/2023  -    

799

    

7,298.55

    1,275    98    80.4    8%
17.  Landa Series 4126 Oriely Drive West (5)(7)  open  03/27/2023  -    

1,029

    

12,298.09

    0    234.34    208.99    8%
18.  Landa Series 4464 Willow Street (5)  open  03/27/2023  -    

322

    

3,140.53

    1,275    0    0    8%
19.  Landa Series 4601 Sylvaner Lane (5)(8)  open  03/27/2023  -    

1,356

    

20,636.42

    1,895    85.76    123.83    8%
20.  Landa Series 503 8th Street South (5)(6)  open  03/27/2023  -    

997

    

6,225.47

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

2,216

    

18,553.68

    1,100    41.22    62.3    8%
22.  Landa Series 580 Dorothy Street (5)  open  03/27/2023  -    

987

    

13,033.43

    1,590    16.17    171.17    8%
23.  Landa Series 5844 Willow Crest Drive (5)  open  03/27/2023  -    

811

    

8,264.41

    1,450    64.3    89.65    8%
24.  Landa Series 650 Willow Bend Lane (5)  open  03/27/2023  -    

1,899

    

16,574.66

    1,110    41.26    65.48    8%
25.  Landa Series 6716 Mopsy Lane (5)(7)  open  03/27/2023  -    

1,037

    

11,133.34

    0    190.9    185.02    8%
26.  Landa Series 6820 66th Street South (5)  open  03/27/2023  -    

792

    

6,161.92

    975    66.18    66.32    8%
27.  Landa Series 7817 3rd Avenue South (5)(7)  closed  03/27/2023  07/23/2023    

10,000

    

54,393

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

440

    

5,264.86

    0    58.45    0    8%
29.  Landa Series 808 Home Trail (5)(6)  open  03/27/2023  -    

123

    

1,919.53

    1,495    112.33    114.1    8%
30.  Landa Series 8990 Doris Lane (5)  closed  03/27/2023  05/03/2023    

10,000

    

39,285

    1,300    85.24    115.76    8%
31.  Landa Series 913 2nd Street (5)(7)  open  03/27/2023  -    

4,345

    

39,874.5

    0    37.43    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)(8)  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

    1,929.38    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    560.42    32.66    8%
38.  Landa Series 4085 Springvale Way (5)  closed  12/03/2021  08/25/2022    

10,000

    

113,687

    1,875    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    0    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.

(8) The tenant occupying this Property has not paid their rent, or has only paid a portion of their rent, for the month of August.

 

 

 

 

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