Landa App Llc - Membership Interests Series - 8675 Ashley Way Fund
LSAHS
Other OTC- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Real Estate
- Industry
- Real Estate - Development
- Address
- New York City United States of America
- IPO Date
- Jul 27, 2023
- Similar Companies
- Business
- Landa App LLC - Membership Interests Series - 8675 Ashley Way Fund (LSAHS) operates as a specific series within Landa App LLC, a Delaware series limited liability company that provides fractional ownership interests in individual residential rental properties through its mobile investment platform. The fund holds membership interests tied to the single-family rental property located at 8675 Ashley Way, Douglasville, Georgia, enabling investors to purchase shares starting at low entry points, earn monthly dividends from rental income after expenses, and trade shares via the Landa app; core services include property acquisition, professional management encompassing tenant leasing, maintenance, and real-time performance updates for investors. Landa App LLC, founded in 2019 and headquartered in New York, New York, focuses on the U.S. residential real estate sector, primarily targeting retail investors across markets like Atlanta, Georgia (including Douglasville), New York City, and expansions into Charlotte, Birmingham, Tampa, Orlando, and Jacksonville; the platform divides each property into 10,000 shares for diversified portfolio building without traditional barriers like high capital requirements. Recent major developments include operational challenges since mid-2024, with the app becoming inaccessible to users, halted dividend payments, and the company going dark amid investor complaints; in June 2025, Landa filed for court protection while seeking new funding and restructuring, followed by a February 2025 court injunction ordering handover of rents, bank accounts, and operations for 119 properties, including series like 8675 Ashley Way, to a lender-appointed manager. Earlier, in 2022, the company raised $33 million in equity funding led by NFX, 83North, and Viola Ventures, alongside $62 million in debt, to fuel property acquisitions and platform growth to over 400 units and 25,000 users.