Hardeeville Senior Living
Senior housing property in Hardeeville, SC
Hardeeville Senior Living was a DST that owned a senior housing property in Hardeeville, SC (154 units). Its last Form D was filed Apr 2, 2025.
How it ended
No outcome recorded · under 7 years
The record lists the offering as fully subscribed; the last Form D was filed Apr 2, 2025.
Key facts
- Minimum investment
- Not in the Form DFrom the Form D
- Offering size
- $17,000,000Equity offered, per the Form D
- Sold
- 40.3%Form D, Apr 2, 2025; the % is our arithmetic
- Investors reported
- Form D, Apr 2, 202523
- Selling commissions
- Form D Item 15; the % is our arithmetic$223,962 · 1.3% of offering
- Financing
- All cash. This offering reports no mortgage debt.How it is financed ↓
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →
Using this record to judge the sponsor? A licensed 1031 specialist from our affiliated partner can talk it through with you.
Ask a 1031 specialist about this recordFree. About: Hardeeville Senior Living. Top1031 is not a broker-dealer.Hardeeville Senior Living · Hardeeville, SC · Photo: bluevaultpartners.com
What did Hardeeville Senior Living own?
The Trust's asset is an 8.17-acre parcel at 20 Island Gate Way in Hardeeville, South Carolina, near Hilton Head Island. 3 Sponsor materials describe a ground-up development of assisted living and memory care, not an existing operating building. 4 It sits within LRT's larger Island Gate master-planned community, which broke ground in 2025. As of September 11, 2026, no reviewed source establishes construction completion or operating status. 9
- Reported location
- Hardeeville, SC
- Property size
- 154 units (75 independent living + 79 assisted living/memory care)
How was it financed, and what did it cost to sell?
No lender sits behind this Trust: the equity was raised without borrowing, so there are no loan covenants and no mortgage maturity to refinance at the end of the hold. 8 The reviewed Form D states no separate debt amount or loan structure. 8
Debt
- Financing
- All cash. This offering reports no mortgage debt.
- May convert to a REIT (721)
Costs and terms from the Form D
- Selling commissions
- $223,962 · 1.3% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $0 · 0.0% of offeringForm D Item 16
- Broker-dealers named in the Form D
- 3 named in the Form D
Show the firms
- 1031 Securities Inc. · CRD 326590
- Great Point Capital LLC · CRD 114203
- Metric Financial, LLC · CRD 33324
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Sep 25, 2024
- Minimum investment
- Not in the Form D
Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.
What are the deal terms?
From LRT Company’s offering documents (Oct 2024).
Your exit
- Can the sponsor's affiliate buy investors out?
- No
Rent and the bills
- Who pays rent to the trust?
- A master tenant affiliated with the sponsor
- Who pays for roof and structural repairs?
- The tenant or master tenant
- Who pays if taxes or insurance go up?
- The tenant or master tenant
- Was the property bought from a sponsor affiliate?
- Yes
Your rights
- Can investors remove the manager?
- No
- How are disputes with the sponsor resolved?
- Mandatory arbitration
Who's behind Hardeeville Senior Living?
LRT Hardeeville Holdings, LLC is named as director and manager of the Trust, with Lawrence LaBonte listed as executive officer of that manager. 2 The Trust was formed in Delaware in 2024 and files from LRT Company's Charlotte, North Carolina office. 1 LRT Development is the project's developer, and LRT had already syndicated a separate, smaller ground-lease DST tied to the same Hardeeville site, announced fully subscribed in October 2024. LRT reported participating as an equity investor in this offering.
What does the SEC record show?
The Trust reported its first sale on September 25, 2024 and filed its initial Form D — the short SEC notice used for private placements — shortly after, then amended it twice to update sales progress and investor count. 6 It is offered under Rule 506(c), which permits public advertising but limits purchasers to accredited investors whose status is verified.
- Legal Trust name
- LRT Hardeeville Senior Living, DST
- SEC CIK
- 2042859
- First Form D
- Oct 29, 2024
- Latest Form D
- Apr 2, 2025
- Filings on record
- 3
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $17,000,000 | $6,851,673 | 23 | EDGAR | |
| Form D/A | $17,000,000 | $6,851,673+$6,016,673 | 23+20 | EDGAR | |
| Form D | $17,000,000 | $835,000 | 3 | EDGAR |
Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Common questions
- What happened to Hardeeville Senior Living?
- Hardeeville Senior Living is a Historical offering. The record lists the offering as fully subscribed; the last Form D was filed Apr 2, 2025.
- Why do the SEC figures look lower than the sponsor's full-subscription announcement?
- The last Form D amendment on record was filed April 2, 2025, while the sponsor announced full subscription on July 30, 2025. Form D amendments are not required after every sale, so the filed sales figures predate the announcement and were never updated.
- Is the senior living community built and operating?
- Unresolved as of September 11, 2026. Sponsor materials describe a ground-up senior housing development in Hardeeville, South Carolina, and the sponsor's current project listing still characterizes it as a development rather than a stabilized operating property. No occupancy, operator, or certificate-of-occupancy record was located in the sources reviewed.
- What does an all-cash DST mean here?
- It means the Trust was capitalized with investor equity rather than a mortgage. There is no lender, no debt service, and no loan maturity that could force a sale or refinancing. For a 1031 exchanger, it also means the Trust supplies no replacement debt — an exchanger who had a mortgage on the relinquished property must replace that value with additional cash or other property to avoid boot.
- Who operates the community, and what is the ground lease?
- No tenant or operator name appears in the Form D filings or sponsor releases reviewed. The sponsor has stated the project is subject to a 50-year triple-net ground lease, under which the ground tenant is responsible for taxes, insurance and maintenance in addition to rent. Specific rent terms would be in the offering documents.
In the news
Sources
Show sources (10)Hide sources (10)
These links support the record as a whole; individual details may come from different sources.
- U.S. Securities and Exchange Commission, Form D/A ↗
- U.S. Securities and Exchange Commission, Form D/A ↗
- LRT Company via PR Newswire ↗
- LRT Company via PR Newswire ↗
- LRT Company via PR Newswire ↗
- U.S. Securities and Exchange Commission, Form D/A ↗
- LRT Company via PR Newswire ↗
- LRT Company via PR Newswire ↗
- LRT Company ↗
- bluevaultpartners.com ↗
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current offering documents before investing.