Tiffany Laurel Reserve
Legal trust name LRT Coventry RI DST
UnattributedFully subscribedNet lease
Talk to a 1031 specialistData updated Aug 25, 2025
Offering size$20.6M
Asset typeNet Lease
LocationCoventry, RI
FinancingAll cash
Regulation D exemptionRule 506(c)
Sponsor-reported potential 721/UPREIT exitNo
First filedAug 25, 2025
Last filedAug 25, 2025
Minimum$100k
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 Private Placement Memorandum before investing.
Tiffany Laurel Reserve is a planned senior housing campus in Coventry, Rhode Island, near Providence, financed through LRT Coventry RI DST, an all-cash Regulation D Delaware statutory trust sponsored by LRT Company. The offering sought $20.55 million in equity backed by a 50-year triple-net ground lease on roughly 14 acres. The development is planned as a 204-unit independent living, assisted living, and memory care community of about 157,000 square feet with 56 structured parking spaces, including approximately 25% low-income independent living units. LRT Company reported the offering fully subscribed in April 2026.
Sponsor LRT Company; all-cash (no debt); fully subscribed Apr 2026; IL/AL/memory care campus
14 ac; 204-unit / 157k SF campus plannedBased on issuer-filed Form D notices through Aug 25, 2025. Amounts are self-reported, may lag current subscriptions, and do not confirm availability. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Reported sold as a percentage of stated offering amount4.0%
Not enough filing history for a trend line.
Capital sold, per latest Form D$857,659
Remaining amount reported in latest Form D$19,692,341
Investor count reported in latest Form D1
Stated minimum investment$100,000
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First filedAug 25, 2025
Latest filingAug 25, 2025
Filings tracked1
View filing on SEC EDGARForm D is an issuer notice filing. A filing does not mean the SEC approved, endorsed, or verified the offering.
Offering profile
SEC filings + cited sources
Sponsor and structure
LRT Coventry RI DST, marketed as Tiffany Laurel Reserve, is an all-cash Regulation D private placement structured as a Delaware statutory trust and sponsored by LRT Company 1. LRT Company was founded in 2019 by Lawrence LaBonte and is led by principals Lawrence LaBonte and Charles Anderson 1.
Property and development
The trust holds a 50-year triple-net ground lease on approximately 14 acres in Coventry, Rhode Island, near Providence, where LRT Company plans to develop Tiffany Laurel Reserve, a 204-unit independent living, assisted living, and memory care senior housing campus of about 157,000 square feet with 56 structured parking spaces and approximately 25% low-income independent living units 2. LRT Company announced the underlying land acquisition in December 2024, describing a 12.38-acre parcel off New London Turnpike for a $65 million senior housing project with groundbreaking planned for summer 2025 3; the offering material later cited 14 acres.
Offering record
LRT Company launched the offering on August 12, 2025, seeking $20.55 million from accredited investors 2. An issuer-filed Form D notice dated August 25, 2025 reported the $20,550,000 offering with $857,659 sold as of that date 4. In April 2026, LRT Company reported the offering fully subscribed at $20.55 million in equity 56.
In the news
Frequently asked questions
Is Tiffany Laurel Reserve currently active?
Tiffany Laurel Reserve is classified by Top1031 as active. “Active” reflects the latest public record and does not confirm that interests remain available.
Where does Top1031 get the data for Tiffany Laurel Reserve?
Top1031 tracks this offering from SEC Form D filings and cited sponsor disclosures. Filing data may lag current subscriptions and does not mean the SEC approved or verified the offering.