Lofty property shares (one Algorand asset per rental property)
Research and shelf status are on the memo: Lofty Adverse research finding
Who may buy, hold, transfer, and redeem
Each answer rests on the issuer’s own words, quoted from the document named under it. Ketju re-reads each document and records whether the words are still there. Where the documents say nothing, the row says so.
- What the holder owns
A share is a membership interest in the LLC that holds one property, in Lofty’s words direct ownership, not a fund or a 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).
| Fact | What the file records |
|---|---|
| Who onboards the holder | issuer |
| Voting rights | Yes |
| Distributions | cash |
| SIPC coverage of the wallet | No |
Who can change the record
Powers read from the deployed contracts and their verified source: the token and every contract it consults on transfer. A power recorded here is the issuer’s ability, not evidence it has been used.
| Token | Chain | Freeze a holder | Pause | Claw back | Gate holders | Change the code | Keys held by |
|---|---|---|---|---|---|---|---|
| LFTY 1048 Hilton Rd | Algorand | No | No | Yes | No | No | A single key, through a contract, can claw back tokens. Manager address key: a single key, through a contract. |
Who holds the keys
Every current holder of each power, read from the chain on 2026-09-26. A single key is one private key: whoever holds it acts alone. A multisig needs the stated number of signers. A timelock makes every action wait, so holders can see it coming.
| Token | Chain | Key | What it can do | Held by | Address |
|---|---|---|---|---|---|
| LFTY 1048 Hilton Rd | Algorand | Clawback address | claw back tokens | a contract run by a single key | LOFTYR…C7SA |
| LFTY 1048 Hilton Rd | Algorand | Manager address | grant and revoke these powers | a contract run by a single key | LOFTYR…C7SA |
| LFTY 1048 Hilton Rd | Algorand | Reserve address | mint new tokens | a contract run by a single key | LOFTYR…C7SA |
Algorand LFTY 1048 Hilton Rd: 9 contract reads at block 65397469, 0 functions in verified source, 2026-09-26
- manager=LOFTYRITC3QUX6TVQBGT3BARKWAZDEB2TTJWYQMH6YITKNH7IOMWRLC7SA
- reserve=LOFTYRITC3QUX6TVQBGT3BARKWAZDEB2TTJWYQMH6YITKNH7IOMWRLC7SA
- freeze=AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAY5HFKQ
- clawback=AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAY5HFKQ
- defaultFrozen=false
- clawback=LOFTYRITC3QUX6TVQBGT3BARKWAZDEB2TTJWYQMH6YITKNH7IOMWRLC7SA
- freeze=AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAY5HFKQ
- manager=LOFTYRITC3QUX6TVQBGT3BARKWAZDEB2TTJWYQMH6YITKNH7IOMWRLC7SA
- auth-addr=TFNQ2BBMJGOSTXX3DH6CSNV2EHYSVFQKHKJT5D6A73SZWO4VKWS6JO6RYI
Where it trades
| Venue | Kind |
|---|---|
| Lofty marketplace (order book, 2.5% to buy, 3% to sell) | issuer primary |
How it exits
| Path | Settlement | Fee | Settles in |
|---|---|---|---|
| Secondary market only; no issuer redemption | On the Lofty marketplace against another investor’s order, paid in USDC; no redemption by the issuer | 300 bps | USDC |
- 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
What the monitor reads daily
Every control function in the table above and the contracts the token consults on transfer; the token’s on-chain supply against yesterday’s; and its market quote against yesterday’s quote, since a fund of this kind accrues a few basis points a day. Every document quoted above is re-read too, and a quote that leaves its document reopens the file. A key that appears, disappears, or changes shape counts as a change only when the chain’s own log shows the grant, revocation, or signer change between yesterday’s block and today’s; a difference the log does not show updates this file’s key list and nothing more. A change opens a review item in the governance queue and reopens the file before any client action. Subscribers get an email naming each of their clients who hold it, with the household result.
File history
Not revised since it was filed. A revision keeps the superseded copy as published, with the reason.
| Date | Change |
|---|---|
| 2026-09-26 | Filed. |
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