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Updates - 5541 S Peoria St, Chicago, IL 60621.md

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2026-04-13 - 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. ## 2026-04-06 - Yhome Transition Reconciliation (as of 2026-04-06 via Lofty PM/Yhome Transition Reconciliation.xlsx): · Field · Value · · ------- · ------- · · Yhome Net Due TO DAO · $12,585.55 · · Lofty Operating Cash · $10,763.57 · · ECO Operating Cash · $9,733.

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## 2026-04-13

- 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.

## 2026-04-06

- Yhome Transition Reconciliation (as of 2026-04-06 via Lofty PM/Yhome Transition Reconciliation.xlsx):
| Field | Value |
|-------|-------|
| Yhome Net Due TO DAO | $12,585.55 |
| Lofty Operating Cash | $10,763.57 |
| ECO Operating Cash | $9,733.40 |
| Outstanding Liabilities (Unpaid Bills) | $0.00 |
| DAO Net Cash (Capital Call) | $29,730.88 |
| Estimated Owners' Equity | $276,299.66 |
| DAO Estimated NAV Per Token | $53.43 |
| DAO Tokens | 5728 |
| Current PM | ECO |

# Property Updates

## 2026-02-03

- Property Update (02/03/2026):
- Owner-Proposed Governance Results for 5541 S Peoria St:
- The Governance Voting results are back for the owner-proposed vote.
- The winning vote is:
- Option 1: Withhold 10% of ongoing rental income indefinitely to replenish the Operational Reserve.
- This voting option was declared the winner in Round 2 with 1,092 token votes.
- The voting results can be found on chain [here](https://allo.info/application/3439106847) or by searching the application ID: 3439106847

## 2026-01-26

- Property Update (01/26/2026):
- Owner-Proposed Governance Vote for 5541 S Peoria St:
- An owner with the following [wallet address](https://allo.info/account/UJA2Y2GA3JZAL47HB2RN3SOHNM53HGZBTBZQXE3L6HVA4WC62QHUNZ4L4A) is proposing a governance vote.
- This owner holds 63 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.
- Proposal:
- Vote to determine whether a portion of ongoing rental income should be withheld to replenish the Operational Reserve on an indefinite basis.
- Voting Options:
- Option 1: Withhold 10% of ongoing rental income indefinitely to replenish the Operational Reserve.
- Option 2: Withhold 5% of ongoing rental income indefinitely to replenish the Operational Reserve.
- Option 3: No change. Continue current distributions with no additional ongoing withholding for the Operational Reserve.
- Purpose:
- This vote allows investors to choose a long-term approach to maintaining adequate reserves for repairs, turnover, vacancies, and unexpected expenses, while balancing ongoing distributions.
- The results will be determined by a 60% Supermajority and sent to all owners on Tuesday, February 3rd once the voting period ends.

## 2026-01-12

- Property Update (01/12/2026):
- Unit 2 Tenant remains behind on tenant portion of rent ($155) since November but CHA is paying the $1,140 portion.
- Property is stable and has healthy reserves. Taxes and insurance are current. No news is good news.
- Financial Summary:
- ECO Operating Cash: $2,992.95 (includes funds escrowed for annual taxes and filing fees)
- Lofty OR Cash: $10,763.57
- DAO Net Cash (sum of above): $13,756.53
- Cash Flow Distribution for December: $1,697.16 or $0.296/share

## 2025-09-09

- Property Update (09/09/2025):
- Owner-Proposed Governance Results for 5541 S Peoria St:
- The Governance Voting results are back for the owner-proposed vote.
- The winning vote is:
- Option 1: Approve and Ratify the Organizational Resolution
- This voting option received 1386 / 1400 token votes which is equal to 99% of the total votes.
- The voting results can be found on chain [here](https://allo.info/application/3205598940) or by searching the application ID: 3205598940

## 2025-09-02

- Property Update (09/02/2025):
- Owner-Proposed Governance Vote for 5541 S Peoria St:
- 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,
- As you may or may not know, the predecessor entity for the DAO still holds title to the DAO’s real property at 5541 S Peoria St. Chicago, IL 60621. Please review and ratify this Organizational Resolution retroactively authorizing the DE LLC to be reinstated in DE and IL. The WY DAO LLC shall become the 100% sole member of the DE LLC and its members shall have all authority over the ownership and management of its underlying asset. The Organizational Resolution also designates Earl Vanze Co as the Manager of the DE LLC for the purposes of executing administrative tasks. Being that the defunct DE LLC would become an active single-member LLC, it would become a disregarded entity for tax purposes and will not need to file its own tax returns.
- The DE LLC will need to remain as an active entity registered with the Secretary of State in both DE and IL so long as it continues to hold title to real property and do business in the respective states, and the Manager shall be responsible for maintaining compliance with local and state laws. The Manager also has discretion to obtain a correction deed and/or affidavit of scrivener’s error, and grant title of the DAO's real property currently held by “LOFTY HOLDING” to Lofty Holding 5541 S Peoria Street DAO LLC (WY) and formally terminate the DE LLC when it is no longer necessary for the DE LLC to remain active.
- Thank you for your prompt attention to this matter. Please submit your vote by Tuesday, September 9th at 5 PM EDT.
- All the best,
- Earl Co
- Manager, ECO Systems LLC
- Member, Lofty Holding 5541 S Peoria Street DAO LLC
- Option 1: Approve and Ratify the Organizational Resolution.
- Option 2: Decline (provide feedback to ecosystemspm@gmail.com).
- The results will be determined by a 60% Supermajority and sent to all owners on Tuesday, September 9th once the voting period ends.

## 2025-08-22

- Property Update (08/22/2025):
- The owner-elected Property Manager, Earl Co of ECO Systems LLC, has provided the following update:
- Owners are now receiving the net operating cash flow of $1,606.24 for July from August 18th through September 13th.
- This DAO is still pending settlement and transfer of balances totaling $12,745.27 in net rents and security deposits collected and withheld by Cal of Yhome Nursing LLC. This factors in all expenses paid to vendors as well as Yhome's 15% PM Fee.
- Taxes and insurance are now current. PM fees are paid as well.
- The OR has been refilled to $12,750 using net rents collected by ECO Systems in June and July, less $1,398.60 for the overdue insurance premium. New OR balance should be at or above $11,351.40.
- Thanks, Earl

## 2025-08-18

- Property Update (08/18/2025):
- The owner-elected Property Manager, Earl Co of ECO Systems LLC, has provided the following update:
- Owners are now receiving the net operating cash flow of $1,606.24 for July from August 18th through September 13th.
- This DAO is still pending settlement and transfer of balances totaling $12,745.27 in net rents and security deposits collected and withheld by Cal of Yhome Nursing LLC. This factors in all expenses paid to vendors as well as Yhome's 15% PM Fee.
- Taxes and insurance are now current. PM fees are paid as well.
- The OR has been refilled to $12,750 using net rents collected by ECO Systems in June and July.

## 2025-04-24

- Property Update (04/24/2025):
- Cal, the owner of Yhome Nursing LLC, has shared an update intended for all owners whose properties he has managed in Chicago, both currently and in the past. He would like owners of properties he previously managed to receive this update as well.
- [View Update](https://drive.google.com/file/d/1_Vf3IqHErCbvJoiLnkEHBQnVzIq9xbgM/view)

## 2025-04-14

- Property Update (04/14/2025):
- *Owner-Proposed Governance Results:*
- The Governance Voting results are back for the owner-proposed governance vote to change property managers from Yhome Nursing LLC to Eco Systems LLC.
- The winning vote is:
- Yes, start using Earl & ECO Systems
- This voting option received 2,344 / 2,535 token votes which is equal to 92.4% of the total votes.
- The voting results can be found on chain [here](https://allo.info/application/2927910074) or by searching the application ID: 2927910074

## 2025-04-13

- Property Update (04/13/2025):
- An owner of this property has put together a proposal.
- This is in response to the previous governance vote sent out on 4/8, 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.
- The owner who proposed the counter-proposal owns 270 tokens in this property, and their wallet can be viewed [here](https://allo.info/account/NKCGAJML3X56QQMQLAXJFT6JDYRZEABKVO42FLBYLXBEOJHYIS6ES4XLUI).
- The owner's 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.
- Evening all,
- I used to be like a lot of you. I wanted purchasing tokens to be relatively passive with only needing to vote for important tasks. Unfortunately, this is one of those really important tasks.
- Over the last three weeks we’ve uncovered that potentially unvoted upon loans have been drawn against LLCs. Paperwork doesn’t exist for a lot of these loans, and when paperwork does exist, it hasn’t kept in line with what we agreed to in the initial Property Management contract for yhome.
- Earl has drafted his ECO Systems LLC property manager agreement that we’d be agreeing to once the vote has finished. This is light-and-day clearer and more concise than the agreement currently in place with yhome.
- I feel strongly it is imperative we vote to protect Peoria and our LLC’s OR. Here’s the new agreementfor everyone to see
- [View Agreement](https://www.dropbox.com/scl/fi/gsdmhgi1szyg587ju2sxo/Property-Management-Agreement-5541-S-Peoria-St-Chicago-IL-60621.docx?rlkey=nzapb38jjln85lxt1bntsrvlq&e=2&dl=0)
- I appreciate your vote and your support
- From a loyal lofty fan.

## 2025-04-08

- Property Update (04/08/2025):
- *Owner-Proposed Governance Vote:*
- An Owner with the following [wallet address](https://allo.info/account/NKCGAJML3X56QQMQLAXJFT6JDYRZEABKVO42FLBYLXBEOJHYIS6ES4XLUI) is proposing a governance vote.
- This owner holds 270 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.
- I recommend that we transition management of Peoria to ECO Systems LLC.
- Earl(ECO Systems) has been a loyal Lofty member for four years and is currently Property Managing some of the strongest performing properties on the platform.
- The property is currently being managed by Yhome LLC, and I do not wish to go into detail here on why changing Property Management from Yhome would be beneficial to us owners. However, if you aren’t aware, please join the Discord General Channel to hear opinions from wider lofty users at the moment. Hopefully this will help you understand why I think this vote is so important today.
- Earl is an active participant on Lofty and always makes the time for people in the Lofty Discord, offering consistent communication and being readily available to answer any questions from us.
- He’s also agreed a rate of 10% of gross rent, which is 33% lower than Yhome today.
- I recommend we transfer to ECO Systems as soon as Earl is ready to make things as seamless as possible.
- Vote
- Yes, start using Earl & ECO Systems
- No, let’s not move today
- The winning vote will be determined by a Supermajority of 60%+ and the results will be sent to owners on Monday, April 14th, once the voting period ends.

## 2025-03-04

- Property Update (03/04/202