1-U 1 landaapp3llcdividends8202411.htm

 

 

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, 2024

 

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.)

 

20 W. 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 3 LLC - 132 Cornelia Street Brooklyn NY LLC   Landa App 3 LLC - 1363 Hancock 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
Landa App 3 LLC - 6696 Mableton Parkway SE Mableton GA LLC   Landa App 3 LLC - 996 Greenwood Avenue NE Atlanta GA LLC

 

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

 

 

 

 

 

Distribution Declaration

 

On August 1, 2024, 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 2024 (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

 
Landa App 3 LLC - 132 Cornelia Street Brooklyn NY LLC  $2,815.5   $0.037 
Landa App 3 LLC - 1363 Hancock Street Brooklyn NY LLC  $3,407.25   $0.049 
Landa App 3 LLC - 24 Ditmars Street Brooklyn NY LLC  $0   $0 
Landa App 3 LLC - 368 Irwin Street NE Atlanta GA LLC  $0   $0 
Landa App 3 LLC - 6696 Mableton Parkway SE Mableton GA LLC  $967.12   $0.01 
Landa App 3 LLC - 996 Greenwood Avenue NE Atlanta GA LLC  $0   $0 

 



 

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 14, 2024 LANDA APP 3 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($)(1)
   Monthly
Rental
Income($)(2)
   Monthly
Management
Fee (%)
 
1.  Landa Series 132 Cornelia Street Brooklyn NY LLC (3)  open  06/28/2022  08/14/2024    

76,381

    

1,452,282.36

    9,555 5%
2.  Landa Series 1363 Hancock Street Brooklyn NY LLC (3)  open  06/28/2022  08/14/2024    

69,625

    

1,905,356.36

    14,948.5 5%
3.  Landa Series 24 Ditmars Street Brooklyn NY LLC (3)  open  06/28/2022  08/14/2024    

86,792

    

1,748,361.48

    10,750 5%
4.  Landa Series 368 Irwin Street NE Atlanta GA LLC (4)  closed  06/28/2022  11/13/2023    

100,000

    

1,196,952

    2,000 8%
5.  Landa Series 6696 Mableton Parkway SE Mableton GA LLC (4)  closed  06/28/2022  12/15/2022    

100,000

    

505,527

    3,223.75 8%
6.  Landa Series 996 Greenwood Avenue NE Atlanta GA LLC (4)  open  06/28/2022  08/13/2024    

25,675

    

652,697.01

    8,150 8%

 

(1) 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 100,000 Shares

(2) The Monthly Rental Income amount reflects the monthly rental payment due under the applicable lease agreement for the Property.

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

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