- Business
- Landa App LLC - Membership Interests Series - 729 Winter Lane Fund (LNDHS) represents a specific series within the Landa App LLC structure, a Delaware series limited liability company founded in 2019 and headquartered in the United States, that operates a mobile application platform enabling retail investors to acquire fractional membership interests in curated, fully managed residential rental properties; the platform facilitates investments starting at low amounts through its iOS and Android app, providing real-time portfolio tracking, monthly income distributions from rental revenues, and secondary market trading of shares. The 729 Winter Lane Fund series holds title to the residential rental property located at 729 Winter Lane, Jonesboro, Georgia 30238, as its primary asset, generating income through leasing activities managed by Landa Holdings, Inc., with investors receiving pro-rata distributions net of expenses, reserves, debt service, and management fees. Core offerings encompass membership interests in individual property-specific series covering single-family homes and multi-family units across U.S. markets, supported by tech-driven property selection, tenant management via a resident app, automated rent collection, and data analytics for yield optimization; target customers include non-accredited U.S. investors over age 18 seeking accessible real estate exposure without traditional barriers like high capital requirements or property management.
In recent developments, Landa App LLC has faced significant operational disruptions, including platform downtime since early 2025, with the investment portal and mobile app rendered inoperable, halting user access to accounts, share sales, and dividend payments that ceased around January 2025; investors report frozen funds, unresponsive support, and over 130 Better Business Bureau complaints. The company is embroiled in litigation, encompassing a lawsuit from early venture investor Viola Ventures, foreclosure actions by lenders such as Allison Lending LLC filed in April 2025 over missed property tax payments and loan defaults, and disputes with bridge lenders like L Finance LLC and Mazz Georgia LLC involving refinanced mortgages on series properties including 729 Winter Lane; lenders have removed Landa as property manager for certain assets, appointing independent overseers and restructuring officers. Ongoing SEC filings under Regulation A, including Form 1-U updates as late as October 2025, disclose these financial strains, operational halts, and refinancing efforts amid cumulative losses and creditor negotiations, with no resumption of normal trading or distributions for LNDHS as of December 2025.