Lofty property shares (one Algorand asset per rental property)

Subscribers see which of their clients hold this program and whether each household qualifies under these terms, and Ketju emails them when the file changes. $299 per firm per month, first 30 days free.

The verdict is on the memo: Lofty Not approved

Eligibility

Each answer quotes the issuer’s own words from the document named under it. Ketju reads each document again and records whether the words are still there. Where the documents say nothing, the row states that.

What the holder owns

A share is a membership interest in the LLC that holds one property, which Lofty calls direct ownership. The holder owns no fund share and makes no loan.

“Each property is held in its own LLC, and your shares are direct ownership in it.”

Lofty, “How Lofty works” (site page with FAQ) · Step 2, “Deposit and buy” · words found 2026-09-26

Who may hold it

Anyone 18 or older, in the US or abroad, after identity verification, unless sanctioned or resident in a sanctioned country.

“Anyone, both US and international investors, except residents of sanctioned countries. You must be 18 or older and complete identity verification.”

Lofty, “How Lofty works” (site page with FAQ) · FAQ, “Who can invest?” · words found 2026-09-26

First purchase minimum

No minimum is stated; a share costs about $50 or less, and one investor may hold at most 15% of a property.

“You can buy shares for less than $50.”

Lofty, “How Lofty works” (site page with FAQ) · FAQ, “Is there a minimum or maximum investment?” · words found 2026-09-26

Account types

Lofty’s pages speak to individuals; entity accounts are not mentioned.

Not stated in Lofty, “How Lofty works” (site page with FAQ), Lofty, Terms of Service (last updated 2026-05-01).

Who it may be transferred to

Shares trade on Lofty’s own marketplace at any time and any price; trades settle on Algorand in USDC, and Lofty says it neither brokers nor settles them.

“List your shares on the 24/7 exchange at any time, at any price you choose.”

Lofty, “How Lofty works” (site page with FAQ) · FAQ, “Can I sell early?” · words found 2026-09-26

How a holder redeems

There is no redemption by the issuer; a filled sell order pays USDC, which the holder converts to dollars elsewhere.

“If you later submit a sell order for your property shares, and your sell order is filled, you will receive payment in USDC which can be converted to USD via third party cryptocurrency exchanges.”

Lofty, Terms of Service (last updated 2026-05-01) · Section 2, “Lofty Marketplace” · words found 2026-09-26

Who keeps the official record

Lofty says the LLC and the holder’s ownership stand on their own if Lofty closes; the property’s asset page ties the LLC’s documents to the Algorand asset id.

“Regardless of what happens to Lofty, each property’s LLC and your ownership in it remain independent and intact.”

Lofty, “How Lofty works” (site page with FAQ) · FAQ, “What happens if Lofty closes?” · words found 2026-09-26

What the issuer says it can freeze or take back

Lofty’s pages say nothing about freezing or taking back shares; the chain shows no freeze power on any property asset and a clawback power kept on 15 of 405.

Not stated in Lofty, “How Lofty works” (site page with FAQ), Lofty, Terms of Service (last updated 2026-05-01).

Who controls it

Ketju read these powers from the deployed contracts and their verified source code: the token and every contract it checks on a transfer. A power listed here is something the issuer can do; it does not mean the issuer has used it.

Who holds the keys

Ketju read every current holder of each power from the chain on 2026-09-26. A single key is one private key, and whoever holds it acts alone. A multisig needs the stated number of signers. A timelock delays every action, so holders can see it before it takes effect.

Where it trades

Redemption

Review triggers
• Lofty publishes an offering document, a state list, or names a securities exemption for the marketplace shares
• A property asset is created with a freeze address, or a clawback address is used to move a holder’s shares (read from the chain)
• The creator account LOFTYRITC3…LC7SA is rekeyed again or its assets are reissued under a new creator
• Lofty names a transfer agent or moves the member record off the chain
• The Akron condemnation suit or any other action names the LLC structure or the holders’ title

Daily checks

Every day Ketju reads each control function in the table above and the contracts the token checks on a transfer. Ketju compares the token’s on-chain supply with yesterday’s, and its market quote with yesterday’s quote, since a fund of this kind accrues a few basis points a day. Ketju also reads every document quoted above and reviews the file again if a quoted passage disappears from its document. Ketju counts a new, removed, or changed key as a change only when the chain’s own log shows the grant, revocation, or signer change since yesterday. If the log does not show it, Ketju updates the key list in this file and does nothing more. A change opens a review before any client action. Subscribers get an email that names each of their clients who hold the token, with the household result.

File history

Ketju has not revised this file since filing it. If Ketju revises it, the earlier version stays as published, with the reason.

Sources

• Lofty, “How Lofty works” (site page with FAQ) · primary · accessed 2026-09-26
  Supports: claim, who-may-hold, minimum, transfer, record, voting, fees
• Lofty, Terms of Service (last updated 2026-05-01) · primary · accessed 2026-09-26
  Supports: redemption, not registered with the SEC, sanctions, age of majority
• Lofty, property documents page for LFTY0001 917 Pawnee Ave (names ASA 3686994105) · primary · accessed 2026-09-26
  Supports: record, current asset id
• Allo, Algorand asset 3686994105 · primary · accessed 2026-09-26
  Supports: freeze, clawback, manager, reserve
• CrowdfundedWealth, Lofty review (updated 2026-08-20) · secondary · accessed 2026-09-26
  Supports: Wyoming LLC, no exemption published, KYC