LRT Company Secures $17M for Senior Living Development in SC

LRT Company, a leader in alternative real estate investments, has successfully fully subscribed its $17 million Delaware statutory trust (DST) offering, the LRT Hardeeville Senior Living DST. This all-cash DST is set to fund the development of a 154-unit assisted living and memory care community in Hardeeville, South Carolina, highlighting the growing demand for senior housing in rapidly expanding markets. The project is part of a larger master-planned development by LRT Development, promising a comprehensive community with multifamily residences, senior living options, and retail spaces. Lawrence LaBonte, founder and CEO of LRT Company, emphasized the project's alignment with demographic trends and the increasing need for modern senior living solutions, particularly in areas like Hardeeville, which has seen a significant population increase.

Additionally, LRT Company has introduced the LRT Coventry RI DST, aiming to raise $20.55 million for the development of a senior housing campus in Coventry, Rhode Island. This move further solidifies LRT's commitment to addressing the senior living demand through strategic investments and developments. The company's extensive experience in real estate development and its focus on the Southeast and Mid-Atlantic regions position it as a key player in meeting the evolving needs of the senior population. For more information on LRT Company and its initiatives, visit LRT Company.