SERIES DESIGNATION OF LANDA APP 3 LLC - 6696 MABLETON PARKWAY SE, A SERIES OF LANDA APP 3 LLC
Exhibit 3.1
XXXXX APP 3 LLC - 0000 XXXXXXXX XXXXXXX XX,
A SERIES OF XXXXX APP 3 LLC
In accordance with the Limited Liability Company Agreement of Xxxxx App 3 LLC, a Delaware series limited liability company (the “Company”), dated January 7, 2022 (the “Agreement”), and upon the completion of this Series Designation by the Company and Xxxxx Holdings, Inc. in its capacity as manager of the Company and of the Series, this Series Designation shall be attached to, and deemed incorporated in its entirety into, the Agreement as the “Xxxxx Series 6696 Mableton Parkway SE Street Designation”.
| Name of Series | Xxxxx App 3 LLC - 6696 Mableton Parkway SE Mableton GA LLC (“Xxxxx Series 6696 Mableton Parkway SE”), a protected series of the Company (the “Series”). | |
| Effective Date of Establishment | January 7, 2022 | |
| Property | The Property located at 0000 Xxxxxxxx Xxxxxxx XX, Xxxxxxxx, XX, 00000. | |
| Manager | Xxxxx Holdings, Inc. | |
| Management Fee and Other Fees | A monthly management fee expected to be 8% of the Gross Monthly Rent. The Monthly Management Fee may be change at any time, in the sole discretion of the Manager, but at no time, will it exceed 10% of the Gross Monthly Rent. | |
| Issuance | The maximum number of membership interest, or “Shares,” the Series can issue is 100,000. | |
| Fiscal Year End | December 31 | |
| Broker of Record | Dalmore Group, LLC | |
| Broker Fees | 1%, in cash, of the purchase price of the Shares sold in the offering of the Series’ Shares. | |
| Liquidation | As set forth in the Agreement. | |
| Other | N/A |
