Real Estate Platform Comparison· Updated July 15, 2026

EquityMultiple vs. Landa 2026 Real Estate Investing Comparison

A side-by-side breakdown of returns, liquidity, fees, and trustworthiness to help you decide where to invest your money.

★ Our Pick EquityMultiple logo

3.5

EquityMultiple is one of the more credible commercial real estate platforms for accredited investors: a selective deal pipeline (roughly 5% of proposed deals accepted), a reported double-digit net IRR on realized equity deals, and genuinely useful short-term Alpine Notes paying 6–7.35% fixed with no investor-level fees. The trade-offs are steep: accreditation is mandatory, most deals require $10,000–$30,000, fees vary deal-by-deal (0.5–1.5% plus origination and admin fees), most investments are illiquid for years, and the platform's customer-service reputation (delayed K-1s, poor communication) is a recurring complaint. Best for accredited investors building a CRE sleeve, not for beginners or income-focused investors.

1.5

Landa pioneered $5 fractional shares of single-family rentals, but the platform has been effectively frozen since spring 2025: no deposits, no secondary trading, and halted dividends for many investors. A New York court placed 119 Landa properties under an independent manager in February 2025 amid a lawsuit over $35M+ in defaulted loans, and Landa's own SEC filings have since flagged substantial doubt about its ability to continue as a going concern. Do not deposit new money. Existing investors should treat this as a wind-down and monitor SEC filings.

At a Glance

EquityMultiple vs. Landa, Key Stats

$5,000 (accredited only)Minimum$5 (historical, no new investments accepted)

3–9 months for Alpine Notes; typically 3–5+ years for equity and debt dealsHolding PeriodIndefinite: platform frozen, no on-platform exit

No early exit on most deals; capital is committed for the project termEarly WithdrawalN/A, withdrawals and trading are unavailable

Deal-dependent (monthly or quarterly interest on debt; equity distributions as projects perform)Rent PayoutHalted (for many investors, since late 2024 / early 2025)

Alpine Notes 6.0–7.35% fixed APY; realized equity deals have reported low-to-mid-teens net IRR (deal outcomes vary widely)Avg. ReturnsN/A, dividends halted; historical yields were ~3–6% and highly variable

Pros & Cons

What each platform does well and poorly

Institutional-quality CRE deal flow
EquityMultiple accepts roughly 5% of the deals it screens and offers equity, preferred equity, and senior debt positions in professionally managed commercial projects, exposure most retail platforms simply don't carry.
Strong realized track record
The platform reports a double-digit net IRR across realized equity investments since its Investment Committee was formed in 2019, with published target ranges per deal type so investors can benchmark expectations.
Alpine Notes for short-term fixed yield
Alpine Notes pay 6.0–7.35% fixed APY on 3, 6, and 9-month terms with no investor-level fees, EquityMultiple takes a first-loss position, and the company reports every maturing note has been repaid on time.
Clear product framework
Investments are organized into Keep (short-term notes), Earn (income-focused debt and preferred equity), and Grow (appreciation-focused equity), which makes it easier to match deals to a goal than scrolling an undifferentiated marketplace.
Accredited investors only, with high practical minimums
Every offering requires accredited status, and while the advertised minimum is $5,000, most individual deals require $10,000–$30,000. This platform is structurally out of reach for most retail investors.
Multi-year illiquidity on most deals
Outside Alpine Notes, capital is committed for the life of the project, typically 3–5+ years, with no secondary market and no guaranteed early exit. Distressed deals can extend well past their target hold.
Complex, deal-by-deal fees
Annual asset management fees run roughly 0.5–1.5% depending on the investment, plus origination fees on some deals, a $30–$70 annual administrative fee, and a promote (profit share) on many equity deals. True all-in cost takes work to calculate per deal.
Recurring customer-service and reporting complaints
Independent review sites and investor forums document weak trust scores for EquityMultiple, with recurring complaints about delayed K-1 tax documents, slow communication on troubled deals, and opaque updates when projects underperform.

Lowest historical entry price
Landa's signature feature was $5 share prices, which made it one of the most accessible fractional real estate platforms ever launched, and proved real demand for low-minimum property investing.
Sun Belt single-family focus
Landa concentrated on cash-flowing single-family rental markets that remain popular with rental investors: Atlanta, Tampa, Orlando, Charlotte, Birmingham, and Jacksonville, plus a Brooklyn portfolio.
Publicly documented offerings
Landa raised capital through Regulation A offerings, which means its financials and current wind-down activity remain publicly documented in SEC filings that investors can still monitor today.
Series LLC structure
Each Landa property is held in its own series LLC. In the current wind-down, that structure is what ties each investor's claim to a specific property rather than to the parent company alone.
Platform frozen: no deposits, trading, or withdrawals
Landa's app and investor portal have been effectively non-functional since around April 2025, per TechCrunch's investigation. The site states there are no active offerings and that deposits and secondary trading are paused. Many investors report halted dividends going back to late 2024, and 130+ complaints have been filed with the Better Business Bureau.
$35M+ lender lawsuit and court-appointed independent manager
In November 2024, lenders Viola Credit and L Finance sued Landa in New York State Supreme Court over more than $35 million in defaulted loans. In February 2025 the court placed 119 Landa properties under an independent manager, and court filings allege Landa diverted roughly $724,000 in tenant rent to accounts outside the court's injunction.
Going-concern doubt in Landa's own SEC filings
Landa's SEC filings through 2026 include a steady stream of foreclosure and property-disposition reports, and its auditors have flagged substantial doubt about the company's ability to continue as a going concern.
Existing investors have no exit and no timeline
With the secondary market closed, current holders cannot sell shares on-platform, and Landa has published no restart timeline. Practically, existing investors are positioned closer to creditors in a wind-down than customers of a functioning platform.

Deep Dive

Detailed comparison

What You're Investing In

Individual CRE deals (equity, preferred equity, senior debt), Alpine Notes (3/6/9-month terms), and periodic income funds. Deal flow is curated but finite, at any given time only a handful of offerings may be open.

Nothing, currently. Historically: fractional shares of single-family rental homes in U.S. Sun Belt markets. No offerings are active as of 2026.

Property Locations

Commercial projects across U.S. markets: multifamily, industrial, office, hospitality, and specialty assets, with deal-by-deal geographic disclosure in each offering's documents.

Atlanta, Tampa, Orlando, Charlotte, Birmingham, Jacksonville, and Brooklyn portfolios, 119 of these properties are now under court-appointed independent management.

Expected Returns

Varies by product: Alpine Notes pay 6.0–7.35% fixed APY, debt and preferred equity deals target roughly 8–14% annualized income, and common equity deals target higher total returns with commensurate risk. The platform reports a double-digit net IRR across realized equity deals since 2019, but individual deal outcomes range from strong exits to principal impairment. Past performance does not guarantee future results.

N/A, dividends have been halted for many investors since late 2024 or early 2025, and no returns are being generated for shareholders while properties are foreclosed or sold in the wind-down. Historical dividend yields ranged roughly 3–6% and varied widely by property. Past performance does not guarantee future results.

Fees

Roughly 0.5–1.5% annual asset management fee depending on the deal, plus origination fees on some offerings, a $30–$70 annual administrative fee per investment, and a promote (carried interest) on many equity deals. Alpine Notes carry no investor-level fees.

Landa historically earned revenue through property management markups and series-level operating expenses rather than an investor-facing platform fee. Fee structure is moot while the platform is frozen.

Liquidity

Alpine Notes: 3, 6, or 9 months with early redemption after 30 days if rolled into another EquityMultiple offering. Everything else: the life of the deal, typically 3–5+ years with extension risk.

Indefinite. The secondary market is closed and there is no on-platform way to sell.

Who Can Invest

Accredited investors only (income of $200K+/$300K joint, or $1M+ net worth excluding primary residence). Individual, joint, entity, trust, and self-directed IRA accounts are supported. This requirement is structural, not a marketing choice, offerings rely on SEC exemptions limited to accredited investors.

No one, currently, Landa is not accepting new investors or deposits while the platform is frozen.

The Verdict

Which is better, EquityMultiple or Landa?

★ Our Pick

3.5

For accredited investors who want curated commercial real estate deals and can genuinely lock up five-figure sums for years, EquityMultiple is one of the stronger platforms in its class: selective underwriting, a credible realized track record, and Alpine Notes that are legitimately competitive for short-term cash. It loses points for complex fees, multi-year illiquidity, and persistent customer-service complaints. Non-accredited investors can't use it at all, and even accredited investors who value liquidity and steady income may prefer per-property fractional platforms. See how Lofty compares: $50 minimums, no accreditation requirement, daily rent payouts, and a 24/7 secondary marketplace.

Full EquityMultiple review →

1.5

Landa is not an investable platform in 2026. The app is frozen, dividends are halted for many holders, 119 properties sit under court-appointed management amid a $35M+ lender lawsuit, and the company's own SEC filings flag going-concern doubt. Prospective investors should not deposit money. Existing investors should document their holdings, monitor SEC EDGAR and the New York court docket, and treat recovery as uncertain. Investors who still want fractional single-family exposure should evaluate platforms on the exact points where Landa failed: investor liquidity that doesn't depend on the platform's discretion, current audited disclosures, and clean separation between investor assets and platform debt. See how Lofty compares on those criteria, or review alternatives like Arrived and Ark7.

Full Landa review →

Bottom Line

EquityMultiple scores higher (3.5/5) and edges out Landa on our investment quality criteria.

Frequently Asked Questions

EquityMultiple vs. Landa FAQ

Which is better, EquityMultiple or Landa?

Based on our scoring criteria, returns, fees, liquidity, transparency, minimums, and track record, EquityMultiple (3.5/5) scores higher than Landa (1.5/5). EquityMultiple is one of the more credible commercial real estate platforms for accredited investors: a selective deal pipeline (roughly 5% of proposed deals accepted), a reported double-digit net IRR on realized equity deals, and genuinely useful short-term Alpine Notes paying 6–7.35% fixed with no investor-level fees. The trade-offs are steep: accreditation is mandatory, most deals require $10,000–$30,000, fees vary deal-by-deal (0.5–1.5% plus origination and admin fees), most investments are illiquid for years, and the platform's customer-service reputation (delayed K-1s, poor communication) is a recurring complaint. Best for accredited investors building a CRE sleeve, not for beginners or income-focused investors.

What is the minimum investment for EquityMultiple vs. Landa?

EquityMultiple's minimum investment is $5,000 (accredited only). Landa's minimum investment is $5 (historical, no new investments accepted).

How do EquityMultiple and Landa compare on liquidity?

EquityMultiple: Alpine Notes: 3, 6, or 9 months with early redemption after 30 days if rolled into another EquityMultiple offering. Everything else: the life of the deal, typically 3–5+ years with extension risk. Landa: Indefinite. The secondary market is closed and there is no on-platform way to sell.

What returns can investors expect from EquityMultiple vs. Landa?

EquityMultiple reports average yearly returns of Alpine Notes 6.0–7.35% fixed APY; realized equity deals have reported low-to-mid-teens net IRR (deal outcomes vary widely). Landa reports average yearly returns of N/A, dividends halted; historical yields were ~3–6% and highly variable. Past performance does not guarantee future results.

One of the most flexible ways to invest in real estate

Start building generational wealth with Lofty

$50 minimums · Daily rent payouts · No lock-up periods · 24/7 exchange

View Properties

Real Estate Platform Comparison· Updated July 15, 2026

EquityMultiple vs. Landa 2026 Real Estate Investing Comparison

A side-by-side breakdown of returns, liquidity, fees, and trustworthiness to help you decide where to invest your money.

★ Our Pick EquityMultiple logo

3.5

1.5

At a Glance

EquityMultiple vs. Landa, Key Stats

$5,000 (accredited only)Minimum$5 (historical, no new investments accepted)

3–9 months for Alpine Notes; typically 3–5+ years for equity and debt dealsHolding PeriodIndefinite: platform frozen, no on-platform exit

No early exit on most deals; capital is committed for the project termEarly WithdrawalN/A, withdrawals and trading are unavailable

Deal-dependent (monthly or quarterly interest on debt; equity distributions as projects perform)Rent PayoutHalted (for many investors, since late 2024 / early 2025)

Pros & Cons

What each platform does well and poorly

Institutional-quality CRE deal flow
EquityMultiple accepts roughly 5% of the deals it screens and offers equity, preferred equity, and senior debt positions in professionally managed commercial projects, exposure most retail platforms simply don't carry.
Strong realized track record
The platform reports a double-digit net IRR across realized equity investments since its Investment Committee was formed in 2019, with published target ranges per deal type so investors can benchmark expectations.
Alpine Notes for short-term fixed yield
Alpine Notes pay 6.0–7.35% fixed APY on 3, 6, and 9-month terms with no investor-level fees, EquityMultiple takes a first-loss position, and the company reports every maturing note has been repaid on time.
Clear product framework
Investments are organized into Keep (short-term notes), Earn (income-focused debt and preferred equity), and Grow (appreciation-focused equity), which makes it easier to match deals to a goal than scrolling an undifferentiated marketplace.
Accredited investors only, with high practical minimums
Every offering requires accredited status, and while the advertised minimum is $5,000, most individual deals require $10,000–$30,000. This platform is structurally out of reach for most retail investors.
Multi-year illiquidity on most deals
Outside Alpine Notes, capital is committed for the life of the project, typically 3–5+ years, with no secondary market and no guaranteed early exit. Distressed deals can extend well past their target hold.
Complex, deal-by-deal fees
Annual asset management fees run roughly 0.5–1.5% depending on the investment, plus origination fees on some deals, a $30–$70 annual administrative fee, and a promote (profit share) on many equity deals. True all-in cost takes work to calculate per deal.
Recurring customer-service and reporting complaints
Independent review sites and investor forums document weak trust scores for EquityMultiple, with recurring complaints about delayed K-1 tax documents, slow communication on troubled deals, and opaque updates when projects underperform.

Lowest historical entry price
Landa's signature feature was $5 share prices, which made it one of the most accessible fractional real estate platforms ever launched, and proved real demand for low-minimum property investing.
Sun Belt single-family focus
Landa concentrated on cash-flowing single-family rental markets that remain popular with rental investors: Atlanta, Tampa, Orlando, Charlotte, Birmingham, and Jacksonville, plus a Brooklyn portfolio.
Publicly documented offerings
Landa raised capital through Regulation A offerings, which means its financials and current wind-down activity remain publicly documented in SEC filings that investors can still monitor today.
Series LLC structure
Each Landa property is held in its own series LLC. In the current wind-down, that structure is what ties each investor's claim to a specific property rather than to the parent company alone.
Platform frozen: no deposits, trading, or withdrawals
Landa's app and investor portal have been effectively non-functional since around April 2025, per TechCrunch's investigation. The site states there are no active offerings and that deposits and secondary trading are paused. Many investors report halted dividends going back to late 2024, and 130+ complaints have been filed with the Better Business Bureau.
$35M+ lender lawsuit and court-appointed independent manager
In November 2024, lenders Viola Credit and L Finance sued Landa in New York State Supreme Court over more than $35 million in defaulted loans. In February 2025 the court placed 119 Landa properties under an independent manager, and court filings allege Landa diverted roughly $724,000 in tenant rent to accounts outside the court's injunction.
Going-concern doubt in Landa's own SEC filings
Landa's SEC filings through 2026 include a steady stream of foreclosure and property-disposition reports, and its auditors have flagged substantial doubt about the company's ability to continue as a going concern.
Existing investors have no exit and no timeline
With the secondary market closed, current holders cannot sell shares on-platform, and Landa has published no restart timeline. Practically, existing investors are positioned closer to creditors in a wind-down than customers of a functioning platform.

Deep Dive

Detailed comparison

What You're Investing In

Nothing, currently. Historically: fractional shares of single-family rental homes in U.S. Sun Belt markets. No offerings are active as of 2026.

Property Locations

Commercial projects across U.S. markets: multifamily, industrial, office, hospitality, and specialty assets, with deal-by-deal geographic disclosure in each offering's documents.

Atlanta, Tampa, Orlando, Charlotte, Birmingham, Jacksonville, and Brooklyn portfolios, 119 of these properties are now under court-appointed independent management.

Expected Returns

Fees

Liquidity

Alpine Notes: 3, 6, or 9 months with early redemption after 30 days if rolled into another EquityMultiple offering. Everything else: the life of the deal, typically 3–5+ years with extension risk.

Indefinite. The secondary market is closed and there is no on-platform way to sell.

Who Can Invest

No one, currently, Landa is not accepting new investors or deposits while the platform is frozen.

The Verdict

Which is better, EquityMultiple or Landa?

★ Our Pick

3.5

Full EquityMultiple review →

1.5

Full Landa review →

Bottom Line

EquityMultiple scores higher (3.5/5) and edges out Landa on our investment quality criteria.

Frequently Asked Questions

EquityMultiple vs. Landa FAQ

Which is better, EquityMultiple or Landa?

What is the minimum investment for EquityMultiple vs. Landa?

EquityMultiple's minimum investment is $5,000 (accredited only). Landa's minimum investment is $5 (historical, no new investments accepted).

How do EquityMultiple and Landa compare on liquidity?

What returns can investors expect from EquityMultiple vs. Landa?

One of the most flexible ways to invest in real estate

Start building generational wealth with Lofty

$50 minimums · Daily rent payouts · No lock-up periods · 24/7 exchange

View Properties

About Lofty

EquityMultiple vs. Landa 2026 Real Estate Investing Comparison

EquityMultiple vs. Landa, Key Stats

What each platform does well and poorly

Detailed comparison

Which is better, EquityMultiple or Landa?

EquityMultiple vs. Landa FAQ

Start building generational wealth with Lofty

EquityMultiple vs. Landa 2026 Real Estate Investing Comparison

EquityMultiple vs. Landa, Key Stats

What each platform does well and poorly

Detailed comparison

Which is better, EquityMultiple or Landa?

EquityMultiple vs. Landa FAQ

Start building generational wealth with Lofty