LSC-Latham NY, DST
Sponsored by Livingston Street Capital
The Property is a multi-family residential community for seniors, commonly known as “Hearthstone Village” that was built in 2006.
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Offering terms
- Minimum investment
- $50,000
- Yr 1 distribution
- 4.70%
- Avg distribution
- 5.63%
- Projected hold
- 10 yrs
- Offering size
- $36.8M
- Equity raise
- $17.3M
- Loan-to-value
- 53.0%
- 721 exit
- None
Projected distributions by year
Capital structure
- Equity
- $17,310,000
- Debt
- $19,500,000
- Total
- $36,810,000
Overview
The Property is a multi-family residential community for seniors, commonly known as “Hearthstone Village” that was built in 2006. The Property is located on an approximately 14.776-acre parcel and includes three three-story apartment buildings with 144 residential rental units and an additional seven buildings including a clubhouse and six residential-style parking garages. There are a total of 174 parking spaces, including 14 ADA spaces. Previous ownership reportedly invested over $300,000 since 2023 into the Property including but not limited to deck installations, boiler replacements and outdoor patio installations. Property amenities include a clubhouse with kitchen, lounge, salon, billiards room and a small indoor swimming pool.
Projected distributions are the sponsor's estimates of annual cash flow on invested equity. They are not guaranteed, may change or stop, and may include a return of capital. LTV is the offering's debt divided by its total capitalization. Information reflects my offering records as of October 28, 2026 and may have changed. This page is not an offer to sell or a solicitation of an offer to buy any security; offers are made only through the offering documents to eligible investors.
