Filed pursuant to Rule 253(g)(2)
File No. 024-11377
This Supplement No. 5, dated June 6, 2022 (which we refer to as “this supplement”), supplements, and should be read in conjunction with, the offering circular (the “Offering Circular”), dated January 7, 2022, of Landa App, LLC, a Delaware series limited liability company (which we refer to as “we,” “us,” “our” or “our company”), as supplemented. The purpose of this supplement is to update certain lease information for the following Series (the “Updated Series”):
● | Landa App LLC - 1743 Summerwoods Lane Griffin GA LLC |
● | Landa App LLC - 1750 Summerwoods Lane Griffin GA LLC |
● | Landa App LLC - 8641 Ashley Way Douglasville GA LLC |
● | Landa App LLC - 8653 Ashley Way Douglasville GA LLC |
The purpose of this supplement is also to update information relating to the status the Properties underlying:
● | Landa App LLC - 8652 Ashley Way Douglasville GA LLC |
● | Landa App LLC - 8659 Ashley Way Douglasville GA LLC |
● | Landa App LLC - 8675 Ashley Way Douglasville GA LLC |
SUPPLEMENT NO. 5 DATED JUNE 6, 2022 TO OFFERING CIRCULAR DATED JANUARY 7, 2022
LANDA APP LLC
6 W. 18th Street
New York, NY 10011
(646) 905-0931
Landa.app
CURRENT AND PREVIOUS SERIES OFFERINGS
The table below (the “Update Table”) shows key information related to each Updated Series and its underlying Property. The information in the Update Table supersedes any contrary previous information contained in the Master Series Table included in the Offering Circular, which can be found here; all other information in the Offering Circular is otherwise unchanged. In addition, please see the sections entitled “Description of the Properties” and “Use of Proceeds” included in the Offering Circular for more information regarding each of the Updated Series.
New Lease Agreements and Renewals
Series | Address | Lease Commencement Date | Monthly Rental Income (1) | Lease Expiration Date (2) | ||||||
Landa App LLC - 1743 Summerwoods Lane Griffin GA LLC | 1743 Summerwoods Lane, Griffin, GA 30224 | June 1, 2022 | $ | 1,200 | May 31, 2023 | |||||
Landa App LLC - 1750 Summerwoods Lane Griffin GA LLC | 1750 Summerwoods Lane, Griffin, GA 30224 | June 1, 2022 | $ | 1,170 | May 31, 2023 | |||||
Landa App LLC - 8641 Ashley Way Douglasville GA LLC | 8641 Ashley Way, Douglasville, GA 30134 | June 1, 2022 | $ | 1,100 | May 31, 2023 | |||||
Landa App LLC - 8653 Ashley Way Douglasville GA LLC | 8653 Ashley Way, Douglasville, GA 30134 | June 1, 2022 | $ | 1,100 | May 31, 2023 |
(1) | The Monthly Rental Income reflects the monthly rental payment set forth in the Lease Agreement. |
(2) | After the Lease Expiration Date, the Lease Agreement will become a month-to-month lease, unless the tenant provides written notice at least thirty (30) days prior to the Lease Expiration Date of an intention to terminate the Lease Agreement. |
The foregoing is a summary of the terms of the applicable Lease Agreement and does not purport to be a complete description of such terms. This summary is qualified in its entirety by reference to the applicable Lease Agreement, a form of which is filed in our Form 1-U, filed on June 6, 2022, which can be found here.
Property Vacancies; Lease Non-Renewals
Landa App LLC - 8652 Ashley Way Douglasville GA LLC
The Lease Agreement for the Property located at 8652 Ashley Way, Douglasville, GA 30134, expired and is currently unoccupied. As of the date of this report, the Manager has not identified a new tenant to enter into a Lease Agreement for this Property. 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.
Landa App LLC - 8659 Ashley Way Douglasville GA LLC
The Lease Agreement for the Property located at 8659 Ashley Way, Douglasville, GA 30134, expired and is currently unoccupied. As of the date of this report, the Manager has not identified a new tenant to enter into a Lease Agreement for this Property. 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.
Landa App LLC - 8675 Ashley Way Douglasville GA LLC
The Lease Agreement for the Property located at 8675 Ashley Way, Douglasville, GA 30134, expired and is currently unoccupied. As of the date of this report, the Manager has not identified a new tenant to enter into a Lease Agreement for this Property. 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.