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UPDATES.md

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Property26931 Shoreview Ave, Euclid, OH 44132
FolderREADME & Property Snapshot
KindText
Updated2026-07-11
Dropbox path00 - README & Property Snapshot/UPDATES.md

What This File Appears To Be

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:

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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):
| 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**

## 2026-04-06

- Property Update (04/06/2026):
- 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) |

## 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. âœ
 Financial summary completed
    2. âœ
 Investor update drafted
    3. â3 ECO Systems LLC TC Fee ($1,650.00) processing
    4. â3 Per-token distribution to DAO investors
    5. âœ
 UPDATES.md filed

    *Prepared by Atlas Relay 📡 for ECO Systems LLC*

## 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.

## 2026-04-02

- 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.