LRT Company Announces $20.55 Million DST Offering for Senior Housing Project in Coventry, R.I.

LRT Company, a firm specializing in land acquisition and real estate investment, has announced the launch of the LRT Coventry RI DST, a $20.55 million all-cash, Regulation D private placement Delaware statutory trust offering. This initiative targets accredited investors and focuses on the development of Tiffany Laurel Reserve, a senior housing campus on 14 acres of undeveloped land in Coventry, Rhode Island. The project, which includes 204 units for independent living, assisted living, and memory care, is set to address the significant pent-up demand for senior housing in the area.

The Tiffany Laurel Reserve project is notable not only for its comprehensive approach to senior living but also for its inclusion of low-income housing units, a first for LRT Company. Lawrence LaBonte, founder and CEO of LRT Company, emphasized the project's strategic location and its potential to meet the needs of seniors, particularly those requiring low-income housing, amidst a projected shortage of senior housing options. The development is expected to cover 157,000 square feet and include 56 structured parking garage spaces, situated in a serene environment with easy access to major highways and transportation facilities.

Coventry's demographic and geographic advantages, including its large senior population and proximity to key transportation routes, underscore the project's potential impact. With Rhode Island's aging population and the increasing need for senior housing, the Tiffany Laurel Reserve project represents a critical step forward in addressing these challenges. LRT Company's innovative approach, combining ground lease financing with a focus on high-barrier-to-entry markets, highlights the firm's commitment to creating value-driven real estate investments.

For more information on LRT Company and its projects, visit https://www.lrtcompany.com. The launch of the LRT Coventry RI DST offering marks a significant milestone in the development of senior housing in Rhode Island, offering a blend of luxury, accessibility, and affordability in a market with growing demand.