- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Mar 29, 2022
- Business
- Landa App LLC (ticker: LNDOS), operating through its Membership Interests Series - 1394 Oakview Circle Fund, provides fractional ownership interests in curated, fully managed single-family rental properties, enabling retail investors to purchase shares starting at low minimums via a proprietary mobile application; the platform offers real-time portfolio tracking, monthly rental dividend distributions based on property performance, share buying and selling capabilities, property management services including tenant screening, rent collection, maintenance, and resident issue resolution; core offerings encompass over 100 individual series tied to residential real estate assets such as 1394 Oakview Circle in Forest Park, GA, with investors earning passive income from rents net of expenses.
Landa App LLC functions within the proptech and real estate investment sector, targeting U.S. residents over age 18 with diversified exposure to rental properties in dynamic markets including Georgia (e.g., Covington, Griffin, Jonesboro, Riverdale, Atlanta metro), New York, Atlanta, Orlando, and Tampa; operations span residential property acquisition, securitization under Regulation A offerings, and secondary trading via platforms like PPEX ATS; the company, founded in 2019 and headquartered at 105 W. 125th Street in New York, NY, is managed by Landa Holdings, Inc., with subsidiaries including Landa App 2 LLC, Landa App 3 LLC, Landa Management LLC, and Landa Financing LLC.
Recent developments include the appointment of Brian Glick, a partner at BRL Group with expertise in Atlanta single-family rentals, to the board of Landa Holdings, Inc. on January 14, 2025; the company faces ongoing litigation with lenders Viola Credit and L Finance, initiated in November 2024 over alleged defaults on more than $35 million in loans, missed property taxes leading to forced sales, and management disputes, resulting in creditor-appointed independent property managers and court injunctions blocking Landa's bank account access as of early 2025; platform operations paused new offerings and secondary trading amid server issues and dividend payment delays reported since January 2025, with the investment portal and app experiencing downtime as of mid-2025, though filings confirm continued entity activity.