LRT Hardeeville Senior Living DST Lawsuit & Complaints
The White Law Group is investigating potential claims involving LRT Hardeeville Senior Living DST, a Delaware statutory trust that sold interests in undeveloped land near Hilton Head Island, South Carolina, to 1031 exchange investors. Below is what the trust’s SEC filings show, how the offering works, and what investors considering a lawsuit or FINRA arbitration claim should know.
What Is LRT Hardeeville Senior Living DST?
LRT Hardeeville Senior Living DST is a Delaware statutory trust formed in 2024 and based in Charlotte, North Carolina. Its manager is LRT Hardeeville Holdings, LLC. AltsWire reported that the trust owns about 8.17 acres at 20 Island Gate Way in Hardeeville, ground-leased for 50 years on a triple-net basis. A 154-unit assisted living and memory care community is purportedly planned for the site.
LRT Hardeeville Senior Living DST Offering Terms
The trust filed its first Form D in October 2024 and amended it twice. The April 2025 amendment reports these terms:
- Exemption: Rule 506(c) of Regulation D
- Securities offered: beneficial interests in a Delaware statutory trust
- Total offering: $17,000,000
- Amount sold: $6,851,673 to 23 investors
- Date of first sale: September 25, 2024
- Sales commissions reported: $223,962
Trade press reported in July 2025 that the full $17 million had been raised. Selling firms on the filing include Metric Financial LLC, 1031 Securities Inc. and Great Point Capital LLC.
How a Ground-Leased Development DST Works
Investors in this DST do not own a finished senior living community. They own land that is leased to another party, which plans to build and run the community. Investor income depends on that ground lease being paid for decades. If the project is delayed, costs run over or the community struggles to fill units, the party paying the rent may come under pressure.
LRT Company is now purportedly offering a second ground-leased DST at the same Island Gateway development, LRT Hardeeville Multifamily 1 DST, a $21 million offering tied to a planned 216-unit apartment community.
Broker Due Diligence Obligations
Every firm that sold this DST had to investigate it first. For a ground-leased development deal, that means understanding who the ground tenant is, how the construction will be financed and what happens to investors if the project stalls. Brokers also had to decide whether a 50-year land investment fit each customer’s age, finances and need for cash.
Risks of DST Investments
DST interests have no public market and are hard to sell before the trust winds down. Investors have no say in management. Because many buyers use a 1031 exchange, a problem with the trust can also put their tax benefits at risk. Senior living development carries its own risks, including construction, licensing, staffing and occupancy.
Recovering LRT Hardeeville Senior Living DST Losses
If a broker recommended this DST without explaining the risks, or it did not fit your situation, you may be able to recover your losses. Brokerage firms are responsible for their brokers’ recommendations and for vetting the products they sell. These claims are usually brought through FINRA arbitration.
Contact The White Law Group
The White Law Group is a national securities fraud and investment loss recovery law firm with offices in Chicago and Seattle. If you invested in LRT Hardeeville Senior Living DST and have concerns, call (888) 637-5510 for a free consultation, or contact us online.
Frequently Asked Questions
How do I file a claim to recover money I invested in LRT Hardeeville Senior Living DST?
You file a claim against the brokerage firm that recommended the DST. Most brokerage account agreements typically include a pre-dispute arbitration clause, so these claims usually go to FINRA arbitration rather than court. Arbitration can still result in a money recovery.
Why is a ground-leased development DST risky?
Your return depends on a project that has not been built yet and on one party paying rent for decades. Delays, cost overruns or weak occupancy can put that rent at risk. And like all DSTs, these interests are hard to sell if you need your money back.
Can the brokerage firm that sold me this DST be held responsible for my losses?
Yes, a brokerage firm can be liable if its broker made an unsuitable recommendation or the firm failed to investigate the offering. Firms also have a duty to supervise how their brokers sell private placements. That duty covers complex structures like ground-leased development deals.
