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): November 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.)

 

20W. 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 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 November 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  October 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  $66.6   $0.047 
Landa App 2 LLC - 1120 9Th Court Pleasant Grove Al LLC  $239.93   $0.1 
Landa App 2 LLC - 113 Hughes Avenue Sanford FL LLC(5)  $0   $0 
Landa App 2 LLC - 1434 Shirley Drive Lakeland FL LLC  $399.07   $0.122 
Landa App 2 LLC - 1625 W MCFARLAND AVENUE GASTONIA NC LLC  $222.14   $0.127 
Landa App 2 LLC - 1713 Alfen Street Jacksonville FL LLC(2)  $436.5   $0.044 
Landa App 2 LLC - 1744 Mountain Drive Tarrant Al LLC  $7.54   $0.01 
Landa App 2 LLC - 179 Poplar Springs Drive Mulga Al LLC  $157.81   $0.074 
Landa App 2 LLC - 200 15TH COURT NORTHWEST CENTER POINT AL LLC  $231.86   $0.049 
Landa App 2 LLC - 2150 TISHAMINGO DRIVE BIRMINGHAM AL LLC  $0   $0 
Landa App 2 LLC - 235 Celery Avenue North Jacksonville FL LLC  $428.97   $0.25 
Landa App 2 LLC - 28 E Hammon Drive Apopka FL LLC  $262.27   $0.122 
Landa App 2 LLC - 301 Woodstream Drive Gastonia Nc LLC(5)  $0   $0 
Landa App 2 LLC - 3029 CEDARIDGE DRIVE TAMPA FLORIDA LLC  $0   $0 
Landa App 2 LLC - 340 17TH AVENUE NORTHWEST CENTER POINT AL LLC(2)  $375   $0.037 
Landa App 2 LLC - 4037 STONE DRIVE BESSEMER AL LLC(5)  $0   $0 
Landa App 2 LLC - 4126 Oriely Drive West Jacksonville FL LLC  $0   $0 
Landa App 2 LLC - 4464 Willow Street Gardendale Al LLC  $0   $0 
Landa App 2 LLC - 4601 SYLVANER LANE BIRMINGHAM AL LLC  $147.78   $0.097 
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(3)  $148.92   $0.058 
Landa App 2 LLC - 580 Dorothy Street Bartow FL LLC  $0   $0 
Landa App 2 LLC - 5844 Willow Crest Drive Pinson Al LLC  $141.47   $0.119 
Landa App 2 LLC - 650 Willow Bend Lane Bessemer Al LLC  $0   $0 
Landa App 2 LLC - 6716 Mopsy Lane Jacksonville FL LLC  $0   $0 
Landa App 2 LLC - 6820 66Th Street South Birmingham Al LLC  $38.44   $0.04 
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  $390   $0.039 
Landa App 2 LLC - 913 2ND STREET KINGS MOUNTAIN NC LLC(4)  $0   $0 
Landa App 2 LLC - 126 Wildwood Road Stockbridge GA LLC(2)  $344.93   $0.034 
Landa App 2 LLC - 137 Spring Valley Circle Stockbridge GA LLC  $256.62   $0.026 
Landa App 2 LLC - 153 Spring Valley Circle Stockbridge GA LLC  $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  $178.27   $0.018 
Landa App 2 LLC - 3192 Lake Monroe Road Douglasville GA LLC  $168.67   $0.017 
Landa App 2 LLC - 4085 Springvale Way Mcdonough GA LLC  $0   $0 
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 November 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 October.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 October.

(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.


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: November 15, 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  -    

1,462

    

19,971.94

    2,000    0    254.18    8%
2.  Landa Series 1120 9th Court (5)  open  03/27/2023  -    

2,459

    

19,895.77

    1,125    0    55.47    8%
3.  Landa Series 113 Hughes Avenue (5)(8)  open  03/27/2023  -    

311

    

4,679.21

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

3,375

    

46,981.35

    1,800    0    188.7    8%
5.  Landa Series 1625 W McFarland Avenue (5)  open  03/27/2023  -    

1,896

    

23,199.27

    1,675    0    100.51    8%
6.  Landa Series 1713 Alfen Street (5)(7)  closed  03/27/2023  10/02/2023    

10,000

    

76,921

    1,455    0    148.13    8%
7.  Landa Series 1744 Mountain Drive (5)  open  03/27/2023  -    

773

    

5,838.24

    955    0    65.62    8%
8.  Landa Series 179 Poplar Springs Drive (5)  open  03/27/2023  -    

2,219

    

15,887.6

    950    0    59.49    8%
9.  Landa Series 200 15th Court Northwest (5)  open  03/27/2023  -    

5,178

    

34,914.22

    1,000    0    55.47    8%
10.  Landa Series 2150 Tishamingo Drive (5)  open  03/27/2023  -    

1,127

    

10,112.23

    1,200    0    63.51    8%
11.  Landa Series 235 Celery Avenue North (5)  open  03/27/2023  -    

1,810

    

21,964.17

    1,880    0    208.07    8%
12.  Landa Series 28 E Hammon Drive (5)  open  03/27/2023  -    

2,207

    

25,754.15

    1,600    0    194.24    8%
13.  Landa Series 301 Woodstream Drive (5)(8)  open  03/27/2023  -    

1,025

    

13,113.03

    1,750    0    0    8%
14.  Landa Series 3029 Cedaridge Drive (5)  open  03/27/2023  -    

1,927

    

32,476.5

    2,300    0    322.41    8%
15.  Landa Series 340 17th Avenue Northwest (5)(7)  closed  03/27/2023  09/11/2023    

10,000

    

75,657

    1,250    0    63    8%
16.  Landa Series 4037 Stone Drive (5)(8)  open  03/27/2023  -    

817

    

7,462.97

    1,275    0    0    8%
17.  Landa Series 4126 Oriely Drive West (5)  open  03/27/2023  -    

1,154

    

13,792.03

    1,600    0    208.99    8%
18.  Landa Series 4464 Willow Street (5)  open  03/27/2023  -    

344

    

3,355.1

    1,275    0    91.66    8%
19.  Landa Series 4601 Sylvaner Lane (5)  open  03/27/2023  -    

1,666

    

25,354.19

    2,099    0    123.83    8%
20.  Landa Series 503 8th Street South (5)(8)  open  03/27/2023  -    

1,159

    

7,237.03

    950    0    0    8%
21.  Landa Series 503 East Robinson Street (5)(7)  open  03/27/2023  -    

2,668

    

22,338.1

    1,155    0    62.3    8%
22.  Landa Series 580 Dorothy Street (5)  open  03/27/2023  -    

1,309

    

17,285.48

    1,590    0    171.17    8%
23.  Landa Series 5844 Willow Crest Drive (5)  open  03/27/2023  -    

1,217

    

12,401.72

    1,450    0    89.65    8%
24.  Landa Series 650 Willow Bend Lane (5)  open  03/27/2023  -    

2,095

    

18,285.37

    1,110    0    65.48    8%
25.  Landa Series 6716 Mopsy Lane (5)  open  03/27/2023  -    

1,109

    

11,906.33

    1,500    0    185.02    8%
26.  Landa Series 6820 66th Street South (5)  open  03/27/2023  -    

987

    

7,679.06

    975    0    66.32    8%
27.  Landa Series 7817 3rd Avenue South (5)(6)  closed  03/27/2023  07/23/2023    

10,000

    

54,393

    0    0    0    8%
28.  Landa Series 8048 Old Plank Road (5)(6)  open  03/27/2023  -    

472

    

5,647.76

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

138

    

2,153.61

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

10,000

    

39,285

    1,300    0    115.76    8%
31.  Landa Series 913 2nd Street (5)(6)  open  03/27/2023  -    

4,645

    

42,627.63

    0    0    58.68    8%
32.  Landa Series 126 Wildwood Road (5)(7)  closed  12/03/2021  08/11/2022    

10,000

    

69,321

    1,543.5    0    34.36    8%
33.  Landa Series 137 Spring Valley Circle (5)  closed  12/03/2021  03/31/2023    

10,000

    

68,203

    1,470    0    37.27    8%
34.  Landa Series 153 Spring Valley Circle (5)  closed  12/03/2021  04/05/2023    

10,000

    

85,308

    1,675    0    35.88    8%
35.  Landa Series 2174 Scarbrough Road (5)  closed  12/03/2021  03/31/2023    

10,000

    

66,954

    1,627.5    0    36.82    8%
36.  Landa Series 303 Kellys Walk (5)  closed  12/03/2021  04/19/2022    

10,000

    

105,377

    1,929.38    0    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

    1,875    0    44.03    8%
39.  Landa Series 45 Robertford Drive (5)(8)  closed  12/03/2021  04/19/2022    

10,000

    

92,925

    0    0    0    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) 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.

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

(8) 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.

 

 

 

 

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