← 26931 Shoreview Ave, Euclid, OH 44132 · All properties
UPDATES.md
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| Property | 26931 Shoreview Ave, Euclid, OH 44132 |
|---|---|
| Folder | README & Property Snapshot |
| Kind | Text |
| Updated | 2026-07-18 |
| Dropbox path | 00 - README & Property Snapshot/UPDATES.md |
About This File
Property Updates 2026-04-13 - Property Update (04/13/2026): - We are issuing a proactive owner communication to keep update cadence consistent. - Property operations and file review are in progress. - A fuller operational/financial update will follow after manager file reconciliation. 2026-04-11 - Property Update (04/11/2026): - Sale Confirmed: - Sale closed with $92,591.92 net proceeds available for distribution - $34.50 per token (72% premium to market price ~$20.01) - DAO
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# Property Updates ## 2026-04-13 - **Property Update (04/13/2026):** - We are issuing a proactive owner communication to keep update cadence consistent. - Property operations and file review are in progress. - A fuller operational/financial update will follow after manager file reconciliation. ## 2026-04-11 - **Property Update (04/11/2026):** - **Sale Confirmed:** - Sale closed with $92,591.92 net proceeds available for distribution - $34.50 per token (72% premium to market price ~$20.01) - DAO Tokens: 2,684 - Status: SOLD - Proceeds available for distribution ## 2026-04-06 - **Property Update (04/06/2026):** - Yhome Transition Reconciliation (as of 2026-04-06 via Lofty PM/Yhome Transition Reconciliation.xlsx): - Yhome Net Due TO DAO: $-9,963.83 - Lofty Operating Cash: $-3,380.91 - ECO Operating Cash: $94,107.40 - Outstanding Liabilities (Unpaid Bills): $-5,777.39 - DAO Net Cash (Capital Call): $-26,485.59 - Estimated Owners' Equity: $103,400.00 - DAO Estimated NAV Per Token: $28.66 - DAO Tokens: 2684 - Current PM: ECO (Selling) **Property Updates** - **Property Update (04/06/2026):** - Yhome Transition Reconciliation (as of 2026-04-06 via Lofty PM/Yhome Transition Reconciliation.xlsx): - Yhome Net Due TO DAO: $-9,963.83 - Lofty Operating Cash: $-3,380.91 - ECO Operating Cash: $94,107.40 - Outstanding Liabilities (Unpaid Bills): $-5,777.39 - DAO Net Cash (Capital Call): $-26,485.59 - Estimated Owners' Equity: $103,400.00 - DAO Estimated NAV Per Token: $28.66 - DAO Tokens: 2684 - Current PM: ECO (Selling) ## 2026-04-02 - **Property Update (04/02/2026):** - **26931 Shoreview Ave — DAO Investor Update** - **Property:** 26931 Shoreview Ave, Euclid, OH 44132 - **DAO LLC:** Lofty Holding 26931 Shoreview Ave DAO LLC - **Lofty Asset Unit:** LFTY0156 - **Total Tokens:** 2,684 - **Status:** Closed — Net Proceeds Available for Distribution **Executive Summary** 26931 Shoreview Ave has been sold. The DAO's net proceeds of **$92,591.92** are available for distribution, equivalent to **$34.50 per token** (2,684 tokens outstanding). This compares to a current market price of ~$20.01 per token — representing a **72% premium** over the secondary market price. **Sale Results** - Gross Sale Price: $110,000.00 - Net Sale Proceeds (Cash to Seller): $94,552.31 **DAO Net Cash Calculation** - Net Sale Proceeds: $94,552.31 - Less: GL Operating Cash (deficit): ($308.15) - Less: EARLDAO Accrued Interest: ($3.24) - Less: ECO Systems LLC 1.5% TC Fee: ($1,650.00) - **DAO Net Cash Available**: **$92,591.92** **Per Token Distribution** - DAO Net Cash Available: $92,591.92 - Total Tokens Outstanding: 2,684 - **NAV Per Token**: **$34.50** - Current Market Price: ~$20.01 - Premium to Market: +$14.49 (+72.4%) **Fee Breakdown** - **ECO Systems LLC TC Fee (1.5%):** $1,650.00 — Due to ECO Systems LLC per governance authorization **Outstanding Tracking Items** - Maintenance Reserve Deficit: Amount: ($6,026.81); Notes: Separate accounting item; not deducted from distribution - ULD / EARLDAO Loan: Amount: $9,963.83; Notes: Per cash flow projections; payoff confirmed at closing **Background** - **November 2025:** DAO voted to list property for sale and authorized Earl to accept offers ≥$120k with a 1.5% transaction coordination fee - **March 2026:** Property placed under contract; DAO vote on sale terms initiated - **April 2026:** Sale closed; net proceeds available **Next Steps** 1. ✅ Financial summary completed 2. ✅ Investor update drafted 3. ⏳ ECO Systems LLC TC Fee ($1,650.00) processing 4. ⏳ Per-token distribution to DAO investors 5. ✅ UPDATES.md filed *Prepared by Atlas Relay 📡 for ECO Systems LLC* **2026-04-02 (Condensed Summary)** - **26931 Shoreview Ave — DAO Investor Update (Condensed)** - **Date:** April 2, 2026 | **Status:** Closed - **DAO Net Proceeds:** $92,590.92 = **$34.50/token** (2,684 tokens) - **Market Price:** ~$20.01 = **72% premium** **Net Cash Calculation:** - Net Sale Proceeds: $94,552.31 - GL Operating Cash (deficit): ($308.15) - EARLDAO Accrued Interest: ($3.24) - ECO Systems 1.5% TC Fee: ($1,650.00) - **DAO Net Cash: $92,590.92** **Fee Due:** ECO Systems LLC TC Fee (1.5%): $1,650.00 **Tracking Items (not deducted):** - Maintenance Reserve Deficit: ($6,026.81) - ULD/EARLDAO Loan: ~$9,964 (paid at closing) **Background:** Nov 2025: DAO authorized sale ≥$120k with 1.5% TC fee. Mar 2026: Under contract. Apr 2026: Closed. - **Property Update (04/02/2026):** - **26931 Shoreview Ave - DAO Investor Update** - **Property:** 26931 Shoreview Ave, Euclid, OH 44132 - **DAO LLC:** Lofty Holding 26931 Shoreview Ave DAO LLC - **Lofty Asset Unit:** LFTY0156 - **Total Tokens:** 2,684 - **Status:** Closed - Net Proceeds Available for Distribution **Executive Summary** 26931 Shoreview Ave has been sold. The DAO's net proceeds of **$92,591.92** are available for distribution, equivalent to **$34.50 per token** (2,684 tokens outstanding). This compares to a current market price of ~$20.01 per token - representing a **72% premium** over the secondary market price. **Sale Results** - Gross Sale Price: $110,000.00 - Net Sale Proceeds (Cash to Seller): $94,552.31 **DAO Net Cash Calculation** - Net Sale Proceeds: $94,552.31 - Less: GL Operating Cash (deficit): ($308.15) - Less: EARLDAO Accrued Interest: ($3.24) - Less: ECO Systems LLC 1.5% TC Fee: ($1,650.00) - **DAO Net Cash Available**: **$92,591.92** **Per Token Distribution** - DAO Net Cash Available: $92,591.92 - Total Tokens Outstanding: 2,684 - **NAV Per Token**: **$34.50** - Current Market Price: ~$20.01 - Premium to Market: +$14.49 (+72.4%) **Fee Breakdown** - **ECO Systems LLC TC Fee (1.5%):** $1,650.00 - Due to ECO Systems LLC per governance authorization **Outstanding Tracking Items** - Maintenance Reserve Deficit: Amount: ($6,026.81); Notes: Separate accounting item; not deducted from distribution - ULD / EARLDAO Loan: Amount: $9,963.83; Notes: Per cash flow projections; payoff confirmed at closing **Background** - **November 2025:** DAO voted to list property for sale and authorized Earl to accept offers >=$120k with a 1.5% transaction coordination fee - **March 2026:** Property placed under contract; DAO vote on sale terms initiated - **April 2026:** Sale closed; net proceeds available **Next Steps** 1. â Financial summary completed 2. â Investor update drafted 3. â3 ECO Systems LLC TC Fee ($1,650.00) processing 4. â3 Per-token distribution to DAO investors 5. â UPDATES.md filed *Prepared by Atlas Relay ð¡ for ECO Systems LLC* - **Property Update (04/02/2026):** - **26931 Shoreview Ave - DAO Investor Update (Condensed)** - **Date:** April 2, 2026 | **Status:** Closed - **DAO Net Proceeds:** $92,590.92 = **$34.50/token** (2,684 tokens) - **Market Price:** ~$20.01 = **72% premium** **Net Cash Calculation:** - Net Sale Proceeds: $94,552.31 - GL Operating Cash (deficit): ($308.15) - EARLDAO Accrued Interest: ($3.24) - ECO Systems 1.5% TC Fee: ($1,650.00) - **DAO Net Cash: $92,590.92** **Fee Due:** ECO Systems LLC TC Fee (1.5%): $1,650.00 **Tracking Items (not deducted):** - Maintenance Reserve Deficit: ($6,026.81) - ULD/EARLDAO Loan: ~$9,964 (paid at closing) **Background:** Nov 2025: DAO authorized sale >=$120k with 1.5% TC fee. Mar 2026: Under contract. Apr 2026: Closed.