Exchange-X, along with managing partner LRT, is pleased to announce the offering of LRT Hardeeville Multifamily 1 DST. LRT Hardeeville Multifamily consists of 17.18 acres of undeveloped land at 5 Island Gate Drive in Hardeeville, South Carolina. The Trust owns the land fee interest, which is 100% leased under a 50-year triple-net ground lease to an affiliate who will construct and operate a 216-unit multifamily community. Returns are driven by a Year 1 contract Base Rent of $1,543,500 that escalates annually on a fixed schedule. The Trust anticipates a 4- to 5-year holding period, exiting via a land sale or through the tenant’s purchase option (minimum $25,200,000 price floor) starting in Year 4.

As an unbuilt project, the property currently has a 0% occupancy rate, with future occupancy dependent on apartment construction and lease-up. The site is a piece of Island Gateway, an 83-acre mixed-use master-planned development located next to Coastal Carolina Hospital off Interstate 95. It sits within the high-growth Hilton Head Island–Bluffton–Port Royal MSA, which features a population of ~243,737 growing at 2% annually. Hardeeville is expanding at an explosive 9.95% annual rate, up 118.88% since 2020. Local demographics are strong, with a median household income of $90,206 (20.5% above the state average) and a 45% college-graduation rate. Regional economic tailwinds include an $825 million I-95 widening project and massive nearby industrial investments, headlined by Hyundai’s $7.5 billion EV Metaplant and an adjacent $4.3 billion battery facility.