← 1090 Diagonal Rd, Akron, Ohio 44320 · All properties

08 - Repairs & Maintenance - Renovations & Updates - 1090 Diagonal Rd, Akron, OH 44320 - 1090 Diagonal Rd, Akron, Ohio 44320.md

This page is a searchable text preview. Use the Dropbox link for the full original file.

Open full file in Dropbox

What This File Appears To Be

Property Updates ## 2026-04-06 - Yhome Transition Reconciliation (as of 2026-04-06 via Lofty PM/Yhome Transition Reconciliation.xlsx): · Field · Value · · ------- · ------- · · Yhome Net Due TO DAO · $78,876.78 · · Lofty Operating Cash · $-3,922.54 · · ECO Operating Cash · $437.87 · · Outstanding Liabilities (Unpaid Bills) · $0.00 · · DAO Net Cash (Capital Call) · $54,003.63 · · Estimated Owners' Equity · $0.00 · · DAO Estimated NAV Per Token · $30.05 · · DAO Tokens · 1797 · · Current PM · YHOME (

Text Preview

# Property Updates

## 2026-04-06

- Yhome Transition Reconciliation (as of 2026-04-06 via Lofty PM/Yhome Transition Reconciliation.xlsx):
| Field | Value |
|-------|-------|
| Yhome Net Due TO DAO | $78,876.78 |
| Lofty Operating Cash | $-3,922.54 |
| ECO Operating Cash | $437.87 |
| Outstanding Liabilities (Unpaid Bills) | $0.00 |
| DAO Net Cash (Capital Call) | $54,003.63 |
| Estimated Owners' Equity | $0.00 |
| DAO Estimated NAV Per Token | $30.05 |
| DAO Tokens | 1797 |
| Current PM | YHOME (Sold) |

# Property Updates

## 2026-04-05

- Property Update (04/05/2026):
- Cross-check against `Yhome Transition Reconciliation.xlsx` shows 1090 Diagonal Rd, Akron, OH 44320 flagged as **YHOME (Sold)**.
- Current reconciliation status: **DAO owes Aligned**.
- Closing proceeds paid to Yhome: **$86,750.84**.
- Yhome total due to DAO: **$78,876.78**.
- Public DESCRIPTION.md and DETAILS.md refreshed to reflect sold status.

## 2026-04-05

- Property Update (04/05/2026):
- Cross-check against `Yhome Transition Reconciliation.xlsx` lists 1090 Diagonal Rd, Akron, Ohio 44320 as **YHOME (Sold)**.
- Reconciliation snapshot shows **closing proceeds paid to Yhome of $86,750.84** and **Yhome total due to DAO of $78,876.78**.
- Current reconciliation status: **DAO owes Aligned**.
- Public DETAILS.md updated to reflect sold status and pre-sale lease history.

## 2026-03-10

- Property Update (03/10/2026):
- Governance Results for 1090 Diagonal Rd:
- The Governance Voting results are back for the owner-proposed governance votes.
- The first winning vote is:
- Yes [authorize Earl Vanze Co to act as Authorized Representative on behalf of the DAO]
- This voting option received 426/426 votes which is equal to 100% of the token votes.
- The voting results can be found on chain [here](https://allo.info/application/3473010634) or by searching the application ID: 3473010634
- The second winning vote is:
- Yes [authorize Earl Vanze Co to serve as the single point of contact for the DAO and liaison to legal counsel on behalf of the DAO, and further authorizes Earl Vanze Co to receive any and all litigation updates from legal counsel on behalf of the DAO, and to make any decisions with respect to the prospective litigation and to authorize any action in the prospective litigation on behalf of the DAO. Such authorization will continue throughout the pendency of the litigation until resolution is reached by settlement, adjudication on the merits, or dismissal, unless otherwise terminated by a valid and enforceable vote of the DAO]
- This voting option received 426/426 votes which is equal to 100% of the token votes.
- The voting results can be found on chain [here](https://allo.info/application/3473010967) or by searching the application ID: 3473010967

## 2026-03-06

- Property Update (03/06/2026):
- Owner-Proposed Governance Vote:
- This Resolution of the members of Lofty Holding 1090 Diagonal Road DAO LLC (the "Diagonal DAO" or "DAO") seeks authorization for Earl Vanze Co acting as Authorized Representative on behalf of the DAO to approve filing a civil lawsuit against Yhome Nursing LLC and/or Calixte Duffaut (the “Prospective Lawsuit”). If approved, this proposal will provide the Diagonal DAO with the authority to file the Prospective Lawsuit, but will not obligate or require the Diagonal DAO to actually file the Prospective Lawsuit. Litigation mechanics and strategy will be finalized at a later date, subject to the advice and recommendation of counsel.
- If approved, this proposal authorizes Lofty to identify counsel to represent the Diagonal DAO in connection with the Prospective Lawsuit, understanding that Lofty is willing to pay for those legal costs and expenses reasonably incurred by the Diagonal DAO in connection with the Prospective Lawsuit.
- This proposal is being submitted based upon information and belief that Yhome Nursing LLC and/or Calixte Duffaut (collectively, “Yhome”) breached their agreement(s) with the Diagonal DAO and its members, and/or otherwise engaged in wrongful and/or illegal conduct with respect to 1090 Diagonal Rd Akron, Ohio 44320 (“Diagonal” or the “Property”) and the management thereof. More specifically, the conduct motivating this proposal includes, but is not limited to, the following:
- Yhome’s false misrepresentation on the deed that Yhome was the sole member of the DAO at that time
- Yhome wrongfully withholding $74,539.76 in sale proceeds from investors.
- If approved, this proposal authorizes Earl Vanze Co to serve as the single point of contact for the DAO and liaison to legal counsel on behalf of the DAO, and further authorizes Earl Vanze Co to receive any and all litigation updates from legal counsel on behalf of the DAO, and to make any decisions with respect to the prospective litigation and to authorize any action in the prospective litigation on behalf of the DAO. Such authorization will continue throughout the pendency of the litigation until resolution is reached by settlement, adjudication on the merits, or dismissal, unless otherwise terminated by a valid and enforceable vote of the DAO.
- The winning vote will be determined by a Supermajority of 60%+ and the results will be sent to owners on Tuesday, March 10th, once the voting period ends.

## 2025-08-22

- Property Update (08/22/2025):
- The property was sold by Yhome Nursing LLC based to the prior governance vote.
- To date, Yhome has not transferred the $78,876.78 owed to the DAO LLC bank account.
- Lofty has initiated legal action against Yhome and will cover all associated legal costs.
- Owners will be updated as soon as further developments occur.
- [View Closing Documents](https://www.dropbox.com/scl/fo/7nshcio2fsmdl3932gbsq/ACig5Q17y8rdONJRFEc4GmQ?rlkey=1bn16dk6fagcfq3jt4pnri0q2&st=39p9uwq7&dl=0)

## 2025-05-21

- Property Update (05/21/2025):
- Governance Results for 1090 Diagonal Rd:
- The Governance Voting results are back for the two owner-proposed governance votes.
- The first winning vote is:
- I'd rather not support a lending dao today
- This voting option was declared the winner in Round 1 with 678 token votes via the Ranked Choice Voting method.
- The voting results can be found on chain [here](https://allo.info/application/3007611082) or by searching the application ID: 3007611082
- The second winning vote is:
- I do not wish to provide support, and I will wait until my token's funds are available.
- This voting option was declared the winner in Round 1 with 678 token votes via the Ranked Choice Voting method.
- The voting results can be found on chain [here](https://allo.info/application/3007617464) or by searching the application ID: 3007617464

## 2025-05-12

- Property Update (05/12/2025):
- Owner-Proposed Governance Vote for 1090 Diagonal Rd:
- An Owner with the following [wallet address](https://allo.info/account/NKCGAJML3X56QQMQLAXJFT6JDYRZEABKVO42FLBYLXBEOJHYIS6ES4XLUI) is proposing a governance vote.
- This owner holds 5 tokens in this property.
- The owner's reasoning is below, word-for-word:
- *Because this is an owner proposed vote, Lofty cannot change the content. It’s up to owners to verify the accuracy of the claims below.
- Hey all,
- I believe the Diagonal Road sale has gone through, and a detailed accounting review is underway, with the funds being held by Yhome until completion, so everyone can be sure there are no outstanding bills.
- I’d personally like to use my tokens to help establish a Lending DAO. This would offer short-term support to properties with unpaid balances, helping them progress toward release from Yhome as soon as possible. These funds would only be lent if the individual DAOs proposed Governance votes to borrow funds. This requirement, and the passing of the votes, ensures the members of the DAO requesting funds have conducted their own due diligence on money owed and are comfortable to settle invoice payments quoted.
- By us getting ahead and voting today rather than waiting for the conclusion, we may help expedite the accounting process so both properties and the release of everyone's funds happen sooner rather than later. To make lending agreements easier for all parties, we should follow the initial Property Management agreement and provide these funds at 6%.[link to terms].
- Funds would only go to properties that have voted to migrate to new PMs. However, since several may benefit from modest support, I recommend the DAO be structured to help any eligible property, rather than just one or two.
- To respect everyone's personal positions, I’ve asked Lofty to count votes individually so we can all have our own say. If you don’t wish to participate in a lending DAO, you’ll need to wait for funds to be released and for the final token price of the sale to be calculated accurately.
- To avoid locking up funds unnecessarily and give each of us more flexibility, I’ve proposed options with different term lengths and built flexibility so you don't have to contribute everything to a lending DAO if you don't want to.
- I'd truly appreciate your support so we can try our best to help and resolve the outstanding issues together.
- First Voting Screen
- I'll support a lending dao with all the funds from my Diagonal tokens
- I'll support a lending dao but only with 20% of my Diagonal tokens
- I'd rather not support a lending dao today
- Second Voting Screen
- I'd like to support a 3-month 6% lending dao for properties with currently paying tenants.
- I'd like to support the 12-month 6% lending DAO, but allocate towards a 3-month dao if funds will have more impact there.
- I may support a longer lending DAO, but not at the previously agreed rate of 6%
- I do not wish to provide support, and I will wait until my token's funds are available.
- [View Lending Terms](https://drive.google.com/file/d/1OHuHy-ozR4MBIvYWkvFfr5-MsEptJLZd/view)
- The results will be determined by a 60% Supermajority and sent to all owners on Tuesday, May 20th once the voting period ends.

## 2025-03-10

- Property Update (03/10/2025):
- *Governance Results:*
- The Governance Voting results are back to determine next steps for the property.
- The winning vote is:
- Sell the property
- This voting option was declared the winner in Round 1 with 604 token votes via the Ranked Choice Voting method.
- The voting results can be found on chain [here](https://allo.info/application/2829246155) or by searching the application ID: 2829246155
- Further updates will be shared by Cal, with Yhome Nursing LLC, as soon as possible.

## 2025-03-04

- Property Update (03/04/2025):
- *Governance Vote:*
- Calixte Duffaut, the new owner-elected property manager with Yhome Nursing LLC, is proposing a governance vote to determine next steps.
- Cal is available in this property's specific Discord channel to answer any questions from owners.
- Cal's proposal is as follows:
- I’m reaching out regarding the property at 1090 Diagonal Rd, Akron. As we approach the next quarter, I'm pleased to share our analysis.
- The property is currently rented, and the tenant has settled in well. However, our assessment indicates that the area remains high-risk, with a history of evictions and multiple thefts of our furnaces, both prior to and during our time with Yhome. It’s crucial that we make a final decision moving forward.
- Currently, the property carries a debt of approximately $29,442.81, which includes unpaid bills and a Yhome loan of $13,753.55 (excluding interest). Additionally, this property is located outside our primary focus area, and Akron has been identified as a high-risk region.
- The property was purchased for $78,000 on March 17, 2022, and previously spent 156 days on the market when we attempted to sell the last time. At Yhome, we do not sell properties under distress, and while we have renovated and stabilized the property, we must consider our next steps carefully.
- I recommend one of the following options:
- Sell the property: the minimum token price will be $30 ( note: please note that if a final