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08 - Repairs & Maintenance - Renovations & Updates - - Recovered 20870a50 - 26931 Shoreview Ave, Euclid, OH 44132.md

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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 · $-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 · · Curre

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# 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 | $-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

## 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**

| Item | Amount |
|------|--------|
| Gross Sale Price | $110,000.00 |
| Net Sale Proceeds (Cash to Seller) | $94,552.31 |

**DAO Net Cash Calculation**

| Item | Amount |
|------|--------|
| 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**

| Item | Amount |
|------|--------|
| 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**

| Item | Amount | Notes |
|------|--------|-------|
| Maintenance Reserve Deficit | ($6,026.81) | Separate accounting item; not deducted from distribution |
| ULD / EARLDAO Loan | $9,963.83 | 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.