← 2337 Greenvale Rd, Cleveland, OH 44121 · All properties

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Property Updates ## 2025-12-15 - Property Update (12/15/2025): - Governance Results for 2337 Greenvale Rd: - The Governance Voting results are back for the owner-proposed votes. - The winning vote is: - Accept the offer - This option received 531 / 534 token votes, which is equal to 99% of the total votes. - The voting results can be found on chain [here](https://allo.info/application/3369571595) or by searching the application ID: 3369571595 - The winning vote is: - Authorize Earl Vanze Co to

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# Property Updates

## 2025-12-15

- Property Update (12/15/2025):
- Governance Results for 2337 Greenvale Rd:
- The Governance Voting results are back for the owner-proposed votes.
- The winning vote is:
- Accept the offer
- This option received 531 / 534 token votes, which is equal to 99% of the total votes.
- The voting results can be found on chain [here](https://allo.info/application/3369571595) or by searching the application ID: 3369571595
- The winning vote is:
- Authorize Earl Vanze Co to negotiate and sign closing documents as Authorized Member on behalf of the DAO, settle all debts, and send net proceeds to Lofty for distribution via token redemption.
- This option received 331 / 534 token votes, which is equal to 62% of the total votes.
- The voting results can be found on chain [here](https://allo.info/application/3369573361) or by searching the application ID: 3369573361

## 2025-12-12

- Property Update (12/12/2025):
- Owner-Proposed Governance Vote for 2337 Greenvale Rd:
- The property manager, ECO Systems LLC with the following [wallet address](https://allo.info/account/YILY2YPFH2HODAZSMVJ6C2URUTBJSEPB3377SIKHFCFMGQEEFAJ3E5TYDM), is proposing a governance vote.
- This owner holds 1 token 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.
- Fellow owners,
- The buyer’s offer price was adjusted to $89k post-inspection. This replaces the existing sale proposal. Close by Monday, 12/15/25.
- The items they cited as biggest concerns:
- There is a tree on the back of the property that is falling over, currently resting on the house/gutters will need to removed.
- The attic has no insulation. This is an issue, because the water lines run in the attic
- There is evidence of past critters (mice & racoons) in the attic as well.
- Please review and verify the Financial Summary below (subject to change):
- Sale proceeds: $80,217.56 after 2025 taxes, broker fees, and closing costs
- Due to Evernest: ($4188.80)
- Due to Lofty: ($1,663.19) (unverified)
- Due FROM Yhome: $3,072.16
- Transaction Coordination Fee Due TO ECO Systems, payable strictly from funds recovered from Yhome: ($3,072.16)
- Aligned Operating Cash: $750
- ECO Systems Operating Cash: $6,130.70
- DAO Projected Net Cash: ~$81,246.27
- Tokens in Circulation: 1959
- Estimated Net Asset Value Per Share: ~$43.61
- Owners may choose to approve the offer and authorize a representative before 12/15/2025 at 12 PM EST.
- Vote 1:
- a) Accept the offer
- b) Decline the offer
- Vote 2 (if offer accepted):
- a) Authorize Earl Vanze Co to sign closing documents as Authorized Member on behalf of the DAO, settle all debts, and send net proceeds to Lofty for distribution via token redemption.
- b) Authorize Lofty AI Inc. to sign closing documents as Authorized Representative on behalf of the DAO, settle all debts, and distribute net proceeds via token redemption.
- The winning vote will be determined by a Supermajority of 60%+ and the results will be sent to owners on Monday, December 15th, once the voting period ends.

## 2025-12-10

- Property Update (12/10/2025):
- Owner-Proposed Governance Vote for 2337 Greenvale Rd:
- The property manager, ECO Systems LLC with the following wallet address, is proposing a governance vote.
- This owner holds 1 token 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.
- Fellow owners,
- We received an offer for $95k cash, close by 12/17/25. Please review and verify the Financial Summary below (subject to change):
- Sale proceeds: ~$89,300 (Assuming 6% closing costs)
- Due to Evernest: ($4188.80)
- Due to Lofty: ($1,663.19) (unverified)
- Due FROM Yhome: $3,072.16
- Transaction Coordination Fee Due TO ECO Systems, payable out of funds recovered from Yhome: ($3,072.16)
- Aligned Operating Cash: $750
- ECO Systems Operating Cash: $6,130.70
- DAO Projected Net Cash: ~$90,328.71
- Tokens in Circulation: 1959
- Estimated Net Asset Value Per Share: ~$48.25
- Owners may choose to accept/decline the offer and authorize a representative for closing by voting before 12/16/2025 at 5 PM EST.
- Vote 1:
- a) Accept the offer
- b) Decline the offer
- Vote 2 (upon closing):
- a) Authorize Earl Vanze Co to negotiate and sign closing documents as Authorized Member on behalf of the DAO, settle all debts, and send net proceeds to Lofty for distribution via token redemption.
- b) Authorize Lofty AI Inc. to negotiate and sign closing documents as Authorized Representative on behalf of the DAO, settle all debts, and distribute net proceeds via token redemption.
- The winning vote will be determined by a Supermajority of 60%+ and the results will be sent to owners on Tuesday, December 16th, once the voting period ends.

## 2025-10-07

- Property Update (10/07/2025):
- Governance Results for 2337 Greenvale Rd:
- The Governance Voting results are back for the owner-proposed vote.
- The winning vote is:
- Yes, list for sale
- This option received 640 / 680 token votes, which is equal to 94% of the total votes.
- The voting results can be found on chain [here](https://allo.info/application/3248337799) or by searching the application ID: 3248337799

## 2025-10-01

- Property Update (10/01/2025):
- Owner-Proposed Governance Vote for 2337 Greenvale Rd:
- An owner with the following [wallet address](https://allo.info/account/QDTN5SITNPO4AMXPTOAFJDE2NSOHGKQE4LUHD2MUEWBJKHEPAHYEYBO6VM) is proposing a governance vote.
- This owner holds 110 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.
- My Wallet Address: QDTN5SITNPO4AMXPTOAFJDE2NSOHGKQE4LUHD2MUEWBJKHEPAHYEYBO6VM
- I am recommending we list this property for sale as the financials put us very far away from cash flowing and the tenant lease has just ended in August.
- Vote:
- List Property for sale?
- 1) Yes
- 2) No
- The winning vote will be determined by a Supermajority of 60%+ and the results will be sent to owners on Tuesday, October 7th, once the voting period ends.

## 2025-09-09

- Property Update (09/09/2025):
- Governance Results for 2337 Greenvale Rd:
- The Governance Voting results are back for the owner-proposed votes.
- The first winning vote is:
- 1. Approve lending $3,100 at 12% APR via EARLDAO
- This option received 377 / 440 token votes, which is equal to 86% of the total votes.
- The voting results can be found on chain [here](https://allo.info/application/3205596599) or by searching the application ID: 3205596599
- The second winning vote is:
- 1. Keep PM fee at 15% until LAIC secured, then reduce to 10% + 5% OR contribution under Hemlane
- This option received 443 / 499 token votes, which is equal to 88.7% of the total votes.
- The voting results can be found on chain [here](https://allo.info/application/3205597045) or by searching the application ID: 3205597045

## 2025-09-02

- Property Update (09/02/2025):
- Owner-Proposed Governance Vote for 2337 Greenvale Rd:
- The property manager, ECO Systems LLC with the following [wallet address](https://allo.info/account/YILY2YPFH2HODAZSMVJ6C2URUTBJSEPB3377SIKHFCFMGQEEFAJ3E5TYDM), is proposing a governance vote.
- This owner holds 1 token 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.
- Please circulate attached [governance proposal](https://www.dropbox.com/scl/fi/bd4w9wrgfebry4gxbvu29/Lending-Authorization-and-PM-Fee-Structure-2337-Greenvale-Rd-Cleveland-OH-44121.docx?rlkey=2xb63jk5a7lzvq3lcfezgf6l2&e=1&st=8cum0sqo&dl=0) for a vote.
- The winning vote will be determined by a Supermajority of 60%+ and the results will be sent to owners on Tuesday, September 9th, once the voting period ends.

## 2025-04-29

- Property Update (04/29/2025):
- Governance Results for 2337 Greenvale Rd:
- The Governance Voting results are back for the owner-proposed vote to change property managers.
- The winning vote is:
- Vote to change to ECO Systems property management and NOT give away 5% equity to Yhome.
- This option received 443 / 499 token votes, which is equal to 88.7% of the total votes.
- The voting results can be found on chain [here](https://allo.info/application/2974589514) or by searching the application ID: 2974589514

- Property Update (04/29/2025):
- The current property manager, Yhome Nursing LLC, has put together a counter-proposal.
- This is in response to the governance vote to change managers, sent out on 4/29, which can be viewed on the property page.
- If you have already voted, and would like to change your vote, click the button below, or at the end of this email.
- Yhome owns 0 tokens in this property and their [wallet address](https://allo.info/account/5HHAXCPORYC2GPTBTBQIKERJTKEP2O4PFWWF7R4Q2MAPHGMOM4FBDX5SD4) can be viewed here.
- Their counter-proposal 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.
- Vote With Fairness and Facts — Don't Punish 10 Months of Hard Work
- Let’s cut through the noise.
- The claim that this is an “immediate giveaway” of 5% equity distorts the reality: Yhome has already invested over 10 months of time, energy, and personal capital into stabilizing and improving these asset. This is not about a handout. It's about recognizing work already performed.
- The equity stake was not unilaterally imposed. It was part of a broader proposal, transparently shared and voted on by DAO members.
- Let’s also consider the message being sent: If we default on promises and retroactively deny compensation after work is done, how do we expect talented, capable operators to trust and serve DAOs in the future?
- Regarding the refusal to accept a vesting schedule—Yhome has already vested their time and results. The property's performance, upkeep, and responsiveness to issues were not managed in theory; they were actively handled month after month.
- Switching to another manager like ECO Systems might be viable in the future, but doing so now, as a way to avoid honoring our obligations, undermines our integrity as a community.
- Vote to honor the work done. Vote to keep building trust. Don’t let this become a race to the bottom.

- Property Update (04/29/2025):
- *Owner-Proposed Governance Vote:*
- An Owner with the following wallet address is proposing a governance vote.
- This owner holds 221 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.
- Short story:
- Please vote now to switch to ECO Systems, a proven property manager and AVOID an immediate 5% (over $5,000) dilutive equity giveaway to our current property manager (Yhome).
- Longer story:
- If we take no action in the next three weeks, our current property manager (Yhome) will be granted an immediate 5% dilutive equity stake in this DAO, worth over $5,000. This giveaway is a consequence of Yhome's unilateral change of contract terms, which we (possibly inadvertently) voted to approve in the vote earlier this month, in a confusing vote in which we had no clear option to refuse, and were presented with a menu of terrible options.
- Although I think in some rare cases, equity stakes can be an effective way to align a property manager's incentives with co-owners, I strongly object to one that vests immediately and which the manager can keep even if they decide to stop managing our property right after the grant, or even if they perform poorly.  Yhom