Landa App Llc - Membership Interests Series - 8796 Parliament Place Fund
LNDIS
Other OTC- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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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 - 8796 Parliament Place Fund (LNDIS) represents a specific series of membership interests issued by Landa App LLC, a Delaware series limited liability company that operates a real estate investment platform enabling fractional ownership of rental properties. The fund focuses on the property located at 8796 Parliament Place, providing investors with shares that entitle them to proportional rental income distributions, property appreciation potential, and real-time updates on occupancy, maintenance, and financial performance through the Landa mobile app; core offerings include curated residential rental properties such as single-family homes, with dividends paid monthly from collected rents net of expenses. Landa App LLC acquires, manages, and fractionalizes these assets primarily for U.S. residents over age 18, targeting dynamic residential markets with low entry investments starting at $5 per share. Headquartered in New York and founded in 2019, the company operates nationwide in the U.S. real estate sector. In recent developments, Landa App LLC has faced significant operational challenges, including platform downtime since early 2025, halted dividend payments to investors starting in January 2025, and an inoperable app, as reported amid over 130 user complaints; the company is embroiled in ongoing litigation with lenders Viola Credit and L Finance, who in November 2024 sued over defaults on more than $35 million in loans, leading to the appointment of an independent property manager, court injunctions blocking Landa's access to bank accounts, and countersuits filed by Landa in early 2025.