Landa App LLC
LNDDS
Other OTC7.35
USD
- -
- -
CIK
0001815103
ISIN
US5147007646
Return %
Stock
S&P500
1Y
- -
26.53
3Y
- -
76.60
5Y
- -
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Real Estate
- Industry
- Real Estate - Development
- Address
- New York City DE United States of America
- CIK
- 0001815103
- Similar Companies
- Business
- Landa App LLC Landa App LLC (LNDDS), a subsidiary of Landa Holdings, Inc., operates as a series limited liability company that facilitates fractional ownership investments in curated rental real estate properties through a proprietary mobile application; it offers shares in individual series tied to single-family homes, multi-family apartment buildings, and townhouses, enabling U.S. investors aged 18 and older to purchase ownership stakes starting at $5 per share, earn monthly rental dividends after expenses, and access real-time property updates including tenant screening, rent collection, maintenance, and resident management services. The platform supports secondary trading of shares via the Public Private Execution Network Alternative Trading System (PPEX ATS), with securities activities handled by broker-dealer Dalmore Group LLC and banking by Evolve Bank & Trust. Headquartered at 6 W. 18th Street in New York, New York, the company, formed in 2019 under Delaware law, primarily targets individual retail investors seeking real estate diversification without full property ownership, with properties concentrated in low-tenant-protection states such as Georgia (230 properties in the Atlanta area), alongside holdings in New York, Florida, and Alabama. Landa App LLC's core offerings include fractional shares divided into up to 100,000 units per property for liquidity and control, allowing users to build diversified portfolios across multiple assets; integrated property management encompasses resident screening, rent collection, repairs, and issue resolution to generate passive income distributions net of costs like mortgages and operational fees. The company acquires high-quality residential rentals, securitizes them into series under Regulation A exemptions, and provides transparent dashboards for performance tracking, with no investment advice offered directly by the entity. Recent developments include surpassing 200,000 registered users by early 2025, underscoring strong adoption of its low-barrier model backed by $33 million in venture funding from NFX, 83North, and Viola Ventures; however, the platform has paused new deposits, offerings, and secondary trading as of late 2025 amid operational challenges, following reports of refinancing 90 properties from fixed 4.5% rates to higher floating rates of 7%-12.5% that elevated expenses, alongside former CTO Amit Assaraf's departure in December 2023 and heightened scrutiny over its aggressive acquisition strategy during 2021-2022 market peaks. Subsidiaries Landa App 2 LLC and Landa App 3 LLC mirror this structure for additional series, managed collectively under Landa Holdings, with ongoing SEC filings detailing semiannual financials and risks like illiquidity and capital loss.