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PropertyOhio 3-Property Package
FolderREADME & Property Snapshot
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Updated2026-07-15
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## 2026-07-14

- Property Update (07/14/2026):
Hi everyone,

This month's update includes the current reviewed financial summary from the guarded monthly workflow.

Financial summary from FINANCIALS.md:

Financial data is shown as of 2026-06.

## Cash Flow Snapshot (2026-06)

Revenue: $743.36
Operating Expenses: -$62.50
NOI: $680.86
Net Operating Cashflow: $680.86

## Monthly Cash Position (2026-06)

Revenue and operating expenses are scoped to the reporting month. ECO Operating Cash is the current complete DAO-attributed total of Column E across every row in the property-split ECO Systems GL, including accruals.

Lofty Operating Cash: -$13,198.71 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$6,296.53 (ECO Systems General Ledger Column E (126 rows))

## 2026-07-15

- Property Update (07/15/2026):
- Governance Results for Ohio 3 Property Package:
    - The Governance Voting results are back for the owner proposed vote.
    - The winning vote is:
    - Yes [this proposal authorizes the full transition of property management for the Ohio 3 package to S&P Property Management LLC, effective no later than July 22, 2026. Upon transition, Earl will be fully relieved of all property management duties. S&P must be made aware of any outstanding loans or obligations related to these properties; any loans not disclosed will be considered invalidated. S&P will be authorized to receive offers, sign on behalf of the DAOs and engage local realtors to list both properties for sale either within their investment group or on the MLS in a timely manner, continuing the previously approved sale strategy. This transition will enable faster execution of make-ready work and sales]
    - This voting option received 1,287 / 1,684 votes which is equal to 76.42% of the total votes.
    - The voting results can be found on chain [here](https://allo.info/application/3637928858) or by searching the application ID: 3637928858

## 2026-07-14


- Property Update (07/14/2026):
This month's update includes the current reviewed financial summary from the guarded monthly workflow.

Financial summary from FINANCIALS.md:

Financial data is shown as of 2026-06.

## Cash Flow Snapshot (2026-06)

Revenue: $743.36
Operating Expenses: -$62.50
NOI: $680.86
Net Operating Cashflow: $680.86

## Monthly Cash Position (2026-06)

Revenue and operating expenses are scoped to the reporting month. ECO Operating Cash is the current complete DAO-attributed total of Column E across every row in the property-split ECO Systems GL, including accruals.

Lofty Operating Cash: -$13,198.71 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$6,296.53 (ECO Systems General Ledger Column E (126 rows))

Financial summary:
- Lofty-held current maintenance reserve: -$13,198.71
- ECO GL Column E sum: -$6,296.53 (126 rows)
- Property Update (07/14/2026):
Hi everyone,

This month's update includes the current reviewed financial summary from the guarded monthly workflow.

Financial summary from FINANCIALS.md:

Financial data is shown as of 2026-06.

## Cash Flow Snapshot (2026-06)

Revenue: $743.36
Operating Expenses: -$62.50
NOI: $680.86
Net Operating Cashflow: $680.86

## Monthly Cash Position (2026-06)

Revenue and operating expenses are scoped to the reporting month. ECO Operating Cash is the current complete DAO-attributed total of Column E across every row in the property-split ECO Systems GL, including accruals.

Lofty Operating Cash: -$13,198.71 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$6,296.53 (ECO Systems General Ledger Column E (126 rows))

# Property Updates

## 2026-07-12

- Property Update (07/12/2026):
Hi everyone,

This month's update includes the current reviewed financial summary from the guarded monthly workflow.

Financial summary from FINANCIALS.md:

## Cash Flow Snapshot (2026-06)

| Metric | Amount |
|---|---:|
| Revenue | $0.00 |
| Operating Expenses | $0.00 |
| NOI | $0.00 |
| Net Operating Cashflow | $0.00 |

## Monthly Cash Position (2026-06)

Amounts are shown as of 2026-06. ECO Operating Cash is the complete DAO-attributed ECO Systems GL Column E balance through the as-of month, including accruals; it is not limited to ECO Systems LLC bank cash.

| Metric | Amount | Source |
|---|---:|---|
| Lofty Operating Cash | -$13,198.71 | Lofty `curr_maintenance_reserve` |
| ECO Operating Cash | -$4,990.49 | ECO Systems General Ledger Column E (119 rows) |

## Source Evidence

| Field | Value |
|---|---|
| Source month | 2026-06 |
| ECO GL source | `Public/07 - P&L & Owner Statements/ECO Systems General Ledger - 1518 Dille Rd.csv` |
| Source-month dated rows | 0 |
| Revenue bucket count | 0 |
| Operating expense bucket count | 0 |
| ECO GL Column E rows | 119 |
| ECO GL Column E sum | -$4,990.49 |

Financial summary:
- Lofty-held current maintenance reserve: -$13,198.71
- ECO GL Column E sum: -$4,990.49 (119 rows)

## 2026-07-10

- Property Update (07/10/2026):
Re: Ohio 3 Package — Response to S&P PM Transition Proposal

Fellow owners,

Thank you for the proposal and the continued engagement on the Ohio 3 package. I want to address several points raised and provide clarity on current status.

On Property Status:
• 1321 Allendale Ave — Stable and tenant-occupied.
• 1518 Dille Rd — I understand the frustration with this property. Inspections have been completed to support the approved sale process. Repairs have been necessary and ongoing, in line with the May 2026 governance authorization. However, completing these repair items before listing is strategically important — unresolved maintenance issues invariably trigger buyer inspection renegotiations, reducing net proceeds and extending timelines.

On information gaps: This claim is not supported by the record. The package has comprehensive documentation including Yhome transition reconciliation (April 2026), Baselane financial records, signed lease agreements, inspection reports, repair estimates, and monthly owner statements. Token holders have access to a full document corpus.

On occupancy updates: Leases are current and documented. 1321 Allendale is occupied under a lease running through November 2025. 1518 Dille has two active leases (lower unit through November 2025, upper unit through March 2025 with renewal in progress). PM updates were issued June 27 and July 2, 2026.

On Sale Timeline:
The delay in listings is not a property management issue. Our broker, Mike Magno, has been out of town until mid-July. Additionally, @ericlemunyan1 is actively pursuing a full acquisition of the remaining Ohio 3 properties, which would provide a clean, expedited exit for all token holders.

On PM Transition:
A full transition to S&P PM is not required for a DAO representative or participating owner to coordinate directly with the broker, receive offers, or manage the sale process. The existing governance structure already authorizes these actions. Adding a PM transition introduces unnecessary overhead, cost, and potential delays when the current structure can execute the approved sale strategy.

I remain committed to completing the approved sale process for both properties and ensuring transparent communication throughout.

All the best,
Earl Co
Manager, ECO Systems LLC
Member, Lofty Holding 1518 Dille Road DAO LLC

## 2026-07-10

- Property Update (07/10/2026):
- Owner-Proposed Governance Vote for Ohio 3 Property Package:
    - An owner with the following [wallet address](https://allo.info/account/EHUWAHZDZP5VA3M5UA3KIP7GKMRNTCY5REXT2XISZJOLSAIYK2KIFRLIO4) is proposing a governance vote for this property.
    - This owner holds 213 shares 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.
    - This vote was written in coordination with S&P PM LLC, due to recent actions with this DAO; the remainder of the Ohio 3 property package, consisting of 1321 Allendale Ave (Akron) and 1518 Dille Rd (Euclid), experiencing numerous challenges with these properties. On 02/17/2026, Governance Results for Ohio 3 Property Package, the winning vote for voting to sell 1518 Dille Road is to “proceed with BPO scouting (light repairs [>$10k] scenario + as-is scenario) + instruct agents to prioritize cash / cash-equivalent offers”. Following the approved governance vote on May 19, 2026 (86.77% supermajority), 1321 Allendale Ave was authorized for traditional sale with projected closing by September 2026. However, neither of these properties have been listed for sale and the package continues to suffer from significant information gaps, lack of timely updates on occupancy, and drawn-out repair timelines. Additionally, there remains an outstanding obligation to EARLDAO that has been accumulating interest at 12% APY with no defined repayment timeline or consistent financial reporting. These ongoing issues have created unnecessary delays and uncertainty for token holders.
    - To resolve these persistent problems and accelerate value realization, this proposal authorizes the full transition of property management for the Ohio 3 package to S&P Property Management LLC, effective no later than July 22, 2026. Upon transition, Earl will be fully relieved of all property management duties. S&P must be made aware of any outstanding loans or obligations related to these properties; any loans not disclosed will be considered invalidated. S&P will be authorized to receive offers, sign on behalf of the DAOs and engage local realtors to list both properties for sale either within their investment group or on the MLS in a timely manner, continuing the previously approved sale strategy. This transition will enable faster execution of make-ready work and sales.
    - The results will be determined by a 60% Supermajority and sent to all owners on Tuesday, July 14th once the voting period ends.

## 2026-07-02

- Property Update (07/02/2026):
This month's update is limited to verified cash-position data from Lofty and ECO records. No tenant ledger rows are included.

Financial summary:
- Lofty-held current maintenance reserve: -$11,898.67
- ECO GL Column E sum: -$5,275.73 (123 rows)

## 2026-07-02

- Property Update (07/02/2026):
Hi everyone,

This month's update is limited to verified cash-position data from Lofty and ECO records. No tenant ledger rows are included.

Financial summary:
- Lofty-held current maintenance reserve: -$11,898.67
- ECO GL Column E sum: -$5,275.73 (123 rows)

## 2026-06-27

- Property Update (06/27/2026):
Hi everyone,

Quick update on **Ohio 3-Property Package**:

- 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.

**What to expect next**
- Current operations snapshot
- Any material leasing/maintenance/compliance items
- Financial/reconciliation notes (if applicable)
- Next expected update timing

Financial summary:
- Lofty-held current maintenance reserve: -$11,898.67
- ECO GL Column E sum: -$5,275.73 (123 rows)

- 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.

- Ohio 3-Property Package — Yhome Transition Reconciliation (as of 2026-04-06 via Lofty PM/Yhome Transition Reconciliation.xlsx):

**1258 Lily St**

| Field | Value |
|-------|-------|
| Yhome Net Due TO DAO | $-7,131.92 |
| Lofty Operating Cash | $-3,606.65 |
| ECO Operating Cash | $6,539.05 |
| Outstanding Liabilities (Unpaid Bills) | $0.00 |
| DAO Net Cash (Capital Call) | $6,089.26 |
| Estimated Owners' Equity | $61,789.00 |
| DAO Estimated NAV Per Token | $11.09 |
| DAO Tokens | 6762 |
| Current PM | ECO (Sold) |

**1321 Allendale Ave**

| Field |