# Landa

> Landa was a New York fintech that let anyone buy fractional shares of single-family rental homes for as little as $5 through a mobile app, collecting monthly dividends from rent and any appreciation. Founded in 2019 by Yishai Cohen and Amit Assaraf, it packaged each property into its own LLC, managed the homes with proprietary software, and ran a secondary marketplace for trading shares. After raising $33M in equity and roughly $62M in debt and surpassing 200,000 registered users, the platform went dark in 2025 amid lender lawsuits, missed dividends, and a court-ordered receivership over 119 properties.

- **Founded:** 2019
- **Headquarters:** New York, New York, United States
- **Founders:** Yishai Cohen (Co-founder & CEO), Amit Assaraf (Co-founder & CTO)
- **Team size:** 36 employees
- **Products:** Landa investing app, Property-level LLC shares, Monthly dividends, Secondary marketplace, Proprietary property management
- **Notable:** Surpassed 200,000 registered users on its fractional real estate app (2022), Raised ~$33M in equity plus ~$62M in debt to acquire residential properties, Enabled real estate investing from as little as $5 per share

## Products & services

- **Landa investing app** — iOS and Android app to buy fractional shares of individual single-family rental homes for as little as $5 and track them in real time.
- **Property-level LLC shares** — Each home is placed in its own LLC divided into 10,000-100,000 shares offered under SEC Regulation A, so investors own a specific property rather than a blind pool.
- **Monthly dividends** — Investors receive rental income distributed monthly in proportion to their share ownership.
- **Secondary marketplace** — In-app market allowing investors to buy and sell property shares, adding liquidity that traditional real estate lacks.
- **Proprietary property management** — Landa managed the underlying homes - tenants, leasing, and maintenance - using its own software stack.

## Achievements

- Surpassed 200,000 registered users on its fractional real estate app (2022)
- Raised ~$33M in equity plus ~$62M in debt to acquire residential properties
- Enabled real estate investing from as little as $5 per share
- Built a live secondary marketplace for trading property shares
- Expanded across markets including Atlanta, New York City, Charlotte, Birmingham, Tampa, Orlando and Jacksonville

## Latest updates

- **2024-11** — Lenders Viola Credit and L Finance sued Landa in New York State Supreme Court, alleging defaults on more than $35 million in loans.
- **2025-02** — A New York court placed 119 Landa homes and their bank accounts into receivership amid allegations rents were rerouted to an undisclosed account.
- **2025-04** — The Landa app and investor portal went dark; the CEO cited server issues and an SEC 'platform down' filing was made.
- **2025-05** — TechCrunch reported the app remained inoperable with users unable to access funds or receive dividends.
- **2026-04** — SEC EDGAR filings showed a continuing stream of foreclosure and disposition notices as a court-supervised wind-down proceeded.

## Links

- Website: https://landa.app
- LinkedIn: https://www.linkedin.com/company/landa
- Twitter/X: https://twitter.com/landa_app
- Instagram: https://www.instagram.com/landa.app/
- Facebook: https://facebook.com/landa.fast/

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Profile page: https://yespress.io/landa
Published by YesPress — https://yespress.io
Last updated: 2026-07-20