LRT Company, a land acquisition and real estate investment firm that specializes in land entitlements and ground lease financing, and sponsors 1031 exchange offerings, announced today that it has launched LRT Hardeeville Multifamily 1 DST. The all-cash, Delaware statutory trust private placement seeks to raise $21 million in equity. The offering is LRT’s fifth Delaware statutory trust of a property ground-leased for development; the company’s four prior DST offerings have all been fully subscribed. The offering is being conducted pursuant to Rule 506(c) of Regulation D and is available only to verified accredited investors.
LRT Hardeeville Multifamily 1 DST consists of approximately 17 acres of undeveloped land that are ground leased for 50 years on a triple-net basis. As part of the ground lease agreement, a 216-unit multifamily community with a clubhouse and business center is expected to be designed, developed and constructed, subject to customary approvals, financing and other conditions, on the property by LRT Development. The property is adjacent to Coastal Carolina Hospital and is near additional medical facilities, transportation corridors, churches, schools, shopping, restaurants and other services. The project involves risks, including risks related to land development, entitlement approvals, construction, and market conditions, and there can be no assurance that development plans will be completed as expected.
“LRT Hardeeville Multifamily 1 DST represents an investment opportunity to address the surging demand for quality multifamily housing in one of the Southeast’s fastest-growing communities,” said Lawrence LaBonte, founder and chief executive officer of LRT Company. “Hardeeville’s recent population growth trends, fueled by an influx of new residents drawn to the greater Hilton Head Island region, have created a continued demand for modern rental housing. This land is intended to help support that demand, and we are proud to bring this offering to financial advisors and their accredited investor clients.”
Situated just off Exit 8 of Interstate 95, the multifamily project is part of Island Gateway, an 82.6-acre master-planned community under construction by LRT Development. Upon completion, Island Gateway is expected to include 600 multifamily residences, a continuum-of-care senior living campus and 100,000 square feet of retail and self-storage space. Through its development arm, LRT has approximately $150 million of projects in the southeastern and northeastern United States.
Hardeeville, South Carolina, lies just across the Georgia state line from the city of Savannah and is part of the Hilton Head Island–Bluffton–Port Royal, S.C., metropolitan statistical area. Its economy is anchored by retail, tourism, healthcare and construction. As of 2026, Hardeeville has a population growth rate of 9.95% annually and has increased by 118.88% since the 2020 U.S. Census, according to World Population Review (2026 estimates). According to U.S. Census Bureau data covering 2013-2020 population estimates and migration data, the Hilton Head Island–Bluffton–Port Royal, S.C., metropolitan statistical area experienced one of the fastest population growth rates in the South between 2013 and 2020, driven largely by retiree migration. Historical growth may not be indicative of future population or economic conditions.
More than 14,000 homes, 10 restaurants, hotels, a grocery store and a Buc-ee’s Travel Center are planned along Interstate 95 near the site location. Nearby, Hyundai Motor Group Metaplant America (HMGMA) — a $7.6 billion EV manufacturing facility that includes a $4.3 billion battery cell plant operated as a joint venture with LG Energy Solution — opened in March 2025. An $825 million project is also underway to widen Interstate 95 through Jasper County. These developments may influence local economic conditions, though their impact on the investment cannot be assured.
About LRT Company
LRT Company is an opportunistic real estate company with extensive experience in acquiring land entitlements in high-barrier markets for the purpose of ground-up development of multifamily and senior living communities with a focus on the Southeast and Mid-Atlantic. The company invests its own capital on acquisitions, design, engineering and entitlements, in a process that can take anywhere from one to six years to complete. The company is also a sponsor of Delaware statutory trust investment opportunities. DST investments are typically illiquid, involve limited investor control, and depend on the performance of the underlying property and sponsor. The firm’s principals, Lawrence LaBonte and Charles Anderson, each have more than 35 years of experience in nearly every type of real estate asset, including acquiring, entitling and managing core, value-add and ground-up properties as well as asset repositioning. Industry relationships built over decades are central to the firm’s business strategy. To learn more, visit www.lrtcompany.com.
This is not an offer to buy, nor a solicitation to sell securities. Information herein is provided for information purposes only and should not be relied upon to make an investment decision or constitute a recommendation. Offers can be made only by the confidential Private Placement Memorandum (the “PPM”) which is available upon request. This communication does not and cannot replace the PPM and is qualified in its entirety by the PPM. This communication may not be relied upon in making an investment decision related to any investment offering by the issuer, or any affiliate, or partner thereof (“Issuer”). All potential investors must read the PPM and no person may invest without acknowledging receipt and complete review of the PPM. All investing involves the risk of loss of some, or all principal invested. Past performance is not indicative of future results. With respect to any “targeted” goals and performance levels outlined herein, these do not constitute a promise of performance, nor is there any assurance that the investment objectives of any program will be attained. Securities and wholesaling services are offered through Metric Financial, LLC, Member FINRA/SIPC. Metric Financial, LLC is not affiliated with any other entities identified in this communication. Only available in states where Metric Financial is registered. LRT Development Company, LLC (LRT) and Metric Financial are separate entities. There can be no assurance the fund will achieve targeted returns or return principal.
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