LRT Company Introduces $17 Million Senior Living Investment Deal
LRT Company Launches Groundbreaking Senior Living Offering
In an exciting development for senior living, LRT Company has introduced the LRT Hardeeville Senior Living DST. This all-cash offering aims to raise $17 million from accredited investors and is positioned as a promising opportunity to address the increasing demand for quality senior housing.
Details of the Offering
The LRT Hardeeville Senior Living DST encompasses 8.17 undeveloped acres under a 50-year triple net lease. This project is set to feature an innovative senior housing community complete with 154 units designed for assisted living and memory care. LRT Development is at the forefront of this initiative, bringing their expertise to design and construction.
Meeting Demands of an Aging Population
As noted by Lawrence LaBonte, the founder and CEO of LRT Company, the Hardeeville area is witnessing a population surge, with an increase of over 72% since the last census. Many of these new residents are retirees seeking high-quality accommodations. LaBonte emphasizes that the region's economic drivers coupled with its strategic location make it an ideal setting for this offering.
What the Project Entails
This ambitious 8.17-acre project is part of a larger master-planned community called Island Gateway, which spans 82.6 acres. Island Gateway is designed to feature not just the senior housing facility but also 600 multifamily residences and significant retail space, enhancing the area's community living.
Broader Community Development
LRT currently oversees around $150 million worth of projects across the southeastern and northeastern United States. This current initiative signals LRT Company's commitment to building architecture that meets the needs of dynamic communities.
About LRT Company
LRT Company was established with a vision for enriching communities through innovative real estate development. With a focus on multifamily and senior living projects, LRT Company leverages its leadership’s extensive experience to navigate the complex landscape of real estate development. Founders LaBonte and Charles Anderson bring over 70 years of combined experience to the table, ensuring high standards in project execution.
A Focus on Sustainability and Community
The company aims not just to build structures, but to create vibrant, sustainable communities that cater to the evolving demographics. By integrating thoughtful design and strategic planning into every project, LRT Company positions itself as a leader in community-oriented real estate solutions.
Future Outlook
As the initiative develops, LRT Company remains committed to providing investment opportunities that align with the community's growth and needs. Prospective investors can anticipate engaging with a dynamic project that aims to benefit not just shareholders but the surrounding populace as well.
Frequently Asked Questions
What is the purpose of the LRT Hardeeville Senior Living DST?
The ADC is aimed at creating a high-quality senior housing community, responding to the increasing demand in the Hardeeville area.
How much is LRT Company looking to raise in this offering?
LRT Company aims to raise $17 million through this all-cash DST offering.
What types of housing will be included in the project?
The project will feature 154 units designed for assisted living and memory care.
Who is founding leadership of LRT Company?
Lawrence LaBonte and Charles Anderson co-founded LRT Company, bringing vast experience in real estate development.
Where can potential investors learn more about LRT Company?
Interested parties are encouraged to visit the official LRT Company website for more information on investment opportunities.
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