Landa App Llc - Membership Interests Series - 8654 Ashley Way Fund
LNAWS
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in mil. unless spec.- Sector
- Real Estate
- Industry
- Real Estate - Development
- Address
- New York City United States of America
- Similar Companies
- Business
- Landa App LLC - Membership Interests Series - 8654 Ashley Way Fund (LNAWS) operates as a specific series within the Landa App LLC structure, a Delaware series limited liability company that provides fractional ownership interests in individual rental properties through a mobile investment application. The series focuses on the property located at 8654 Ashley Way, Douglasville, GA, offering up to 10,000 membership interests representing undivided ownership shares in this single-family residential rental asset; investors earn dividends from net rental income after expenses, with real-time updates on property performance including rent collection, maintenance, leasing, and tenant management provided via the Landa app. The platform divides properties into shares starting at low entry points, enabling retail investors to buy, sell, and manage portfolios of such assets digitally. Landa App LLC, founded in 2019 and headquartered at 105 W. 125th Street, New York, NY, primarily acquires, manages, and fractionalizes residential rental properties, including single-family homes, duplexes, and multifamily units, concentrated in high-growth metropolitan statistical areas such as Atlanta, GA, and surrounding regions like Covington, Griffin, Jonesboro, McDonough, and Riverdale; the company operates over 100 such series, each tied to a distinct property sourced for rental demand and economic stability. Core services encompass property acquisition, sourcing, leasing, maintenance, and profit distribution, with the app available on iOS and Android facilitating handpicked investments without traditional intermediaries. Target customers include U.S. residents over 18 seeking passive real estate income, with operations leveraging technology for transparency in dividend payouts and secondary trading of shares. In recent developments, Landa App LLC filed a Form 1-U current report on January 16, 2025, disclosing the appointment of Brian Glick to the board of its manager, Landa Holdings, Inc., bringing expertise in Atlanta-area single-family rentals and commercial real estate from his role at BRL Group; this follows a Series A funding round of $25 million in 2022 led by NFX, 83North, and Viola Ventures, supplemented by $62 million in debt financing, supporting portfolio expansion to over 400 units across seven markets. The company continues semi-annual reporting under Regulation A for its series offerings, with the LNAWS series maintaining trading on OTC markets at approximately $6.75 per share as of recent quotes. No major acquisitions, name changes, or operational halts have been reported in the last 1-2 years, though the broader Landa platform faced investor scrutiny in mid-2025 over app accessibility and dividend delays, amid ongoing foreclosure-related litigation involving affiliated entities.