Oct 31, 2023
This quarter has been an action-packed one, with milestones achieved, new features rolled out, and a firm commitment to our investor community. Here's a closer look at what we've accomplished.
We celebrated surpassing $1,000,000 in total dividends since our inception, a monumental achievement and a testament to our strong community of real estate investors.
11 properties successfully concluded their IPO, moving seamlessly to the secondary market. This is yet another step in our commitment to ensuring liquidity in the real estate market.
The Landa market that stood out this quarter was New York, boasting a perfect quarterly rent collection record at 100%.
Lend has been on a roll, raising an impressive $650,000 from a pool of more than 1,250 investors.
The average investment in Lend currently stands at $400.
This quarter, Lend rolled out 3 new mortgages:
157 Wells with a principal balance of $132,972.
8658 Ashley Way with a principal balance of $114,545.
773 Villa Way with a principal balance of $71,906.
We introduced the Financing Breakdown section within Cash and Financing. This addition allows for a more detailed view of the debt composition on a property-by-property basis.
Our Portfolio page now offers a comprehensive breakdown of your dividend history, making it easier than ever to track your returns.
We're thrilled to announce the addition of an education center to our home feed. This ensures that insights into the real estate world are always just a click away.
Last but certainly not least, the introduction of the first phase of recurring deposits is bound to boost compound growth for our investors.
Stay tuned for more updates, and here's to an even more successful next quarter!
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Landa Holdings, Inc. ("Landa Holdings") operates the www.landa.app website (the "Site") and the Landa mobile application (the "App")(collectively, the “Platform”). Landa Holdings manages Landa App LLC, Landa App 2 LLC and Landa App 3 LLC (“Landa Issuers”), and raises funds and facilitates the issuance of shares for the Landa Issuers entities through the Platform pursuant to Regulation A under the Securities Act of 1933 (“Regulation A”).
Neither Landa Holdings nor any of its affiliates are a registered broker-dealer or investment advisor. All securities-related activity for the Landa Entities is conducted through Dalmore Group LLC (“Dalmore”), a registered broker-dealer and member of FINRA/SIPC, You can review Dalmore's brokercheck for Dalmore. Banking services are provided by Evolve Bank & Trust, Member FDIC. By opening a custody account on the Platform, you agree to Evolve Bank & Trust’s Custodial Agreement.
Further, Landa Management LLC, a wholly-owned subsidiary of Landa Holdings, manages Landa Financing LLC (“Landa Financing”), and raises funds and facilitates the issuance of shares for Landa Financing through the Platform pursuant to Regulation A. All securities-related activity for Landa Financing is conducted through Dalmore Group LLC (“Dalmore”), a registered broker-dealer and member of FINRA/SIPC (for more information on Dalmore, review Dalmore’s brokercheck for Rialto.
You should speak with your financial advisor, accountant, and/or attorney when evaluating any offering of securities. Neither Landa Holdings, Landa App, nor Dalmore makes any recommendations or provides advice about investments, and no communication, through this website or in any other medium, should be construed as a recommendation for any security offered on or off this investment platform. Nothing in this material should be construed as investment or tax advice, or a solicitation or offer, or a recommendation to buy or sell any securities. The Site and/or the App may make forward-looking statements. You should not rely on these statements but should carefully evaluate the offering materials in assessing any investment opportunity, including the complete set of risk factors that are provided as part of the offering circular for your consideration. We urge you to review the applicable offering circular, available here.
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All Shares will be issued in electronic form only and will not be listed or quoted on any securities exchange. After a Series’ offering has concluded, we expect that the Public Private Execution Network Alternative Trading System, or PPEX ATS (the “Secondary Trading Platform”), which is registered with the SEC and operated by North Capital Private Securities Corporation (“North Capital”), will be the only venue available for the resale of Shares. Resales of Shares will be conducted by Dalmore, as a broker-dealer member of the Secondary Trading Platform; provided, however, any such resale of Shares will be subject to federal and state securities laws and the restrictions in the Series’ Operating Agreement, and there can be no assurance that an active market for any Shares will develop on the Secondary Trading Platform, that the Secondary Trading Platform will be available to allow resales of Shares to residents of all states, or that the Secondary Trading Platform will be available at all. For these reasons, investors must be prepared to hold their Shares indefinitely.
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