LRT Company Launches $17M South Carolina DST Offering 

LRT Company launched LRT Hardeeville Senior Living DST. The all-cash, Regulation D private placement Delaware statutory trust offering aims to raise $17 million in equity from accredited investors. 

The DST consists of 8.17 undeveloped acres that are ground leased for 50 years on a triple net basis. As part of the ground lease agreement, a multi-level assisted living and memory care senior housing community with 154 units will be designed, developed and constructed by LRT Development on the Hardeeville, SC property.  

“The LRT Hardeeville Senior Living DST is an exciting opportunity to meet the growing needs of seniors in the vibrant Hilton Head Island region,” said Lawrence LaBonte, founder and CEO of LRT Company. “This demand for quality senior housing, combined with the area’s robust economic drivers and strategic location, makes Hardeeville an ideal setting for our offering.” 

Ladt month, LRT Company announced it fully subscribed its Regulation D private placement offering, LRT Leesburg DST. The all-cash offering raised nearly $17 million in equity for the development of a new senior housing community in Leesburg, FL. 

Founded in 2019 by LaBonte, LRT Company is an opportunistic development company with extensive experience in the ground-up development of multifamily and senior living communities with a focus on the Southeast and Mid-Atlantic. LRT currently has approximately $150 million of projects in the southeastern and northeastern US through its development arm.