The property was sold by Yhome, and $68,837.25 has been wired to the DAO LLC bank account, and received. Upon reviewing the closing statement, it was determined that an additional $44,484.68 remains owed by Yhome.

According to the settlement statement from title closing, the DAO’s per-token NAV should be $34.03, net of all debts paid. However, Lofty only received $68,837.25, which is before debts have been paid off.

Legal action will be pursued against Yhome to recover the outstanding $44,484.68. Further updates will be provided as they become available.

Yhome's reasoning can be viewed below:

Dear Investors,

I am pleased to share that this property has been sold for $130,000, which is $20,000 above our initial target.

It’s important to note that the property carried existing debts, and our primary goal was to sell at the highest possible price to minimize losses for the owners. The property was thoroughly renovated, inspected, and follow-up repairs were completed to ensure it was market-ready. While this process presented its challenges, we stayed true to our commitment and executed the plan as outlined.

Please review all relevant documentation, including the HUD, Yhome’s final invoices, and receipts. Yhome will be issuing a final invoice deduction, and any remaining balances will be forwarded to Lofty or Earl.

Congratulations on a successful sale! For your reference, please also review the results of the votes from 3/8/2025 and 3/10/2025.

Sales Projections

Purchase Price: $105,000 (acquired on May 20, 2022)

Estimated Sale Price: $110,000

Estimated Closing Costs: $16,500

Estimated Total Proceeds: $65,280.13

Estimated Final Token Price: $27.30 (if we aim for a minimum of $30 per token, Yhome will negotiate to honor this price)

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