NEW YORK–(BUSINESS WIRE). The company has also raised $62 million in debt capital. Through a fractional ownership model, Landa enables individuals to enter the real estate market for as little as $5. The funding was led by investors including NFX, 83North and Viola Ventures.
Real estate is one of the most lucrative investments anyone can make, but traditional home ownership is increasingly unattainable. Driven by the belief that everyone, regardless of age, income or background, should have the opportunity to invest in real estate, Landa breaks down traditional barriers to entry and empowers individuals to build wealth through real estate. With 22,000 investors using the app and managing over 400 units to choose from in seven markets, Landa enables individuals to capitalize on a long-term investment while enjoying dividend income from their properties.
“Among the many people who cannot engage in traditional real estate investing, there is a great appetite for access to this market,” said Yishai Cohen, co-founder and CEO of Landa. “Landa makes it easy to invest in individual properties and fully manage your portfolio from a smartphone.”
The user-friendly and highly secure interface allows investors to browse properties, buy shares and get an easy overview of their portfolios. Landa also offers free educational tools to help individuals learn about real estate and create a smart portfolio.
“Investing in real estate has consistently proven to be one of the most reliable ways to build wealth, but is becoming unaffordable for the vast majority of people due to rising prices and interest rates,” said Gigi Levy-Weiss, General Partner at NFX. “By making it possible for anyone to invest in income-generating real estate for as little as $5, Landa opens the door to hundreds of millions of people.”
Through a responsible property management structure, Landa ensures that every home on offer is safe and well cared for by renters. From reviewing and acquiring properties to handling maintenance requests and collecting rent, all administrative logistics are handled by the Landa team. This provides a quality and easy experience for everyone involved.
Landa currently has properties in Atlanta and New York City and will soon launch in Charlotte, Birmingham, Tampa, Orlando and Jacksonville.
Click here for more information and to download the Landa app.
Landa was founded by Yishai Cohen and Amit Assaraf in New York City to enable everyone to access and benefit from real estate, regardless of income. Landa buys real estate, divides it into shares for investors and rents it out. Investors have the potential to make a long-term investment while earning dividend income from their properties. To learn more visit Landa.app or follow us on Instagram, Twitterand LinkedIn.