1-U 1 ea162871-1u_landaapp3.htm CURRENT REPORT

 

 

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): July 8, 2022

 

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.)

 

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 3 LLC - 6696 Mableton Parkway SE Mableton GA LLC   Landa App 3 LLC - 1363 Hancock Street Brooklyn NY LLC
Landa App 3 LLC – 996 Greenwood Ave NE Atlanta GA LLC   Landa App 3 LLC - 132 Cornelia 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

 

(Title of each class of securities issued pursuant to Regulation A)

 

 

 

 

 

Item 9. Other Events

 

Distribution Declaration

 

Between July 8, 2022 and July 12, 2022, Landa Holdings, Inc. (the “Manager”), as manager of each of the following Series (as defined below), declared and paid a cash distribution (the “Distribution”) for such Series for the month of June 2022 (the “Distribution Period”), in the amount set forth in the table below.

 

For Series’ membership interests (“Shares”) purchased during the Distribution Period, holders of such 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 - 6696 Mableton Parkway SE Mableton GA LLC  $2,066.30   $0.207 
Landa App 3 LLC – 996 Greenwood Ave NE Atlanta GA LLC  $3,068.95   $0.307 
Landa App 3 LLC – 24 Ditmars Street Brooklyn NY LLC  $7,973.00   $0.797 
Landa App 3 LLC - 1363 Hancock Street Brooklyn NY LLC  $11,566.00   $1.157 
Landa App 3 LLC - 132 Cornelia Street Brooklyn NY LLC  $6,936.15   $0.694 
Landa App 3 LLC - 368 Irwin Street NE Atlanta GA LLC  $4,393.26   $0.439 

 

(1) Each Share represents a 1/10,000th interest in the Distribution.

 

For any additional information regarding the Shares discussed herein, please refer to the Offering Circular of Landa App 3 LLC, dated June 28, 2022, available here. 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.

 

Transfer of Title

 

Between July 8, 2022 and July 12, 2022, Landa Properties LLC (“Landa Properties”), an affiliate of Landa App 3 LLC (the “Company”), transferred title (the “Transfer’) to the following properties (“Properties”) to the applicable series (each a “Series,” and collectively the “Series”) of the Company, as set forth in the table below. In connection with the Transfer, Landa Properties also assigned the applicable lease agreement for each of the Properties underlying the Series to the applicable Series.  

 

    Series   Property
1.   Landa App 3 LLC - 6696 Mableton Parkway SE Mableton GA LLC   6696 Mableton Parkway SE, Mableton, GA 30126
2.   Landa App 3 LLC – 996 Greenwood Ave NE Atlanta GA LLC   996 Greenwood Ave NE, Atlanta, GA 30306
3.   Landa App 3 LLC – 24 Ditmars Street Brooklyn NY LLC   24 Ditmars Street, Brooklyn, NY 11221
4.   Landa App 3 LLC - 1363 Hancock Street Brooklyn NY LLC   1363 Hancock Street, Brooklyn, NY 11237
5.   Landa App 3 LLC - 132 Cornelia Street Brooklyn NY LLC     132 Cornelia Street, Brooklyn, NY 11221
6.   Landa App 3 LLC - 368 Irwin Street NE Atlanta GA LLC   368 Irwin Street NE, Atlanta, GA 30312

 

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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: July 14, 2022 LANDA APP 3 LLC
     
  By: Landa Holdings, Inc.,
    its Manager
     
  By: /s/ Yishai Cohen
  Name:  Yishai Cohen
  Title: Chairman, Chief Executive Officer, and
President

 

 

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