Hardeeville, SC, August 9, 2025
News Summary
LRT Company has concluded its $17 million Delaware Statutory Trust offering to fund a new senior living community in Hardeeville, SC. The project will consist of 154 units dedicated to assisted living and memory care, situated on 8.17 acres at 20 Island Gate Way. This development is part of a larger 82.6-acre master-planned area, responding to a significant population increase in Hardeeville, which saw a 72% rise since the 2020 Census, highlighting the demand for advanced senior housing.
Hardeeville, SC – LRT Company has successfully completed its $17 million Delaware Statutory Trust (DST) offering, known as LRT Hardeeville Senior Living DST. This foundational funding will support the construction of a new 154-unit assisted living and memory care community situated on 8.17 acres in Hardeeville, South Carolina. The project relies solely on equity raised from accredited investors as part of a Regulation D private placement.
The senior living community is strategically located at 20 Island Gate Way and is expected to feature a long-term, 50-year triple-net ground lease. The development is part of a larger master-planned area known as Island Gateway, which encompasses approximately 82.6 acres in total. This substantial project is designed to integrate a total of 600 multifamily residences, a care-continuum senior living campus, as well as 100,000 square feet of commercial, retail, and self-storage facilities.
According to company representatives, the successful equity raise highlights growing confidence in LRT’s strategy for developing properties in fast-expanding markets. Notably, Hardeeville’s population has surged by over 72% since the 2020 Census. This demographic trend underscores the increasing demand for advanced senior housing solutions in the region.
Hardeeville is positioned conveniently, being 20 miles northeast of Savannah, Georgia, and 95 miles southwest of Charleston, South Carolina. Moreover, the nearby Hilton Head Island sees an influx of around 2.5 million visitors annually, further elevating the local population during the summer months.
In addition to the Hardeeville project, LRT Company is planning another DST offering called LRT Coventry RI DST, which seeks to raise $20.55 million. This project will develop 14 acres of undeveloped land in Coventry, Rhode Island, for a new senior housing campus comprising 204 units and similarly backed by a 50-year ground lease.
LRT Company specializes in ground-up development of multifamily and senior living communities, focusing its efforts mainly across the Southeast and Mid-Atlantic regions of the United States. The firm boasts leadership with extensive experience; both principals, Lawrence LaBonte and Charles Anderson, have over 35 years of real estate expertise.
The company has approximately $150 million worth of projects currently in various stages of development, reflecting its robust growth strategy. Investors are reminded that all offers can be made only through a confidential Private Placement Memorandum (PPM), emphasizing that this article does not constitute an offer or solicitation for securities. Potential investors are encouraged to review the PPM thoroughly to understand the risks involved in such investments.
Key Features Summary
| Feature | Details |
|---|---|
| Project Name | LRT Hardeeville Senior Living DST |
| Total Investment | $17 million |
| Location | 20 Island Gate Way, Hardeeville, SC |
| Community Size | 154 units |
| Land Area | 8.17 acres |
| Lease Type | 50-year triple-net ground lease |
| Master-Planned Development | Island Gateway |
| Population Growth | 72% since 2020 Census |
| Nearby Attractions | Hilton Head Island (2.5 million visitors/year) |
FAQ
What is the purpose of the LRT Hardeeville Senior Living DST?
The LRT Hardeeville Senior Living DST is focused on funding the development of a 154-unit assisted living and memory care community in Hardeeville, SC.
What type of investment is involved in the project?
The offering is an all-cash, Regulation D private placement meant to raise equity from accredited investors.
Where is the project site located?
The project is located at 20 Island Gate Way, Hardeeville, South Carolina.
How big is the land for development?
The development will take place on 8.17 acres of land.
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Additional Resources
- McKnight’s Senior Living
- Wikipedia: Hilton Head Island
- PR Newswire
- Google Search: senior living South Carolina
- YieldPro
- Encyclopedia Britannica: Senior Living
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