Visionary Real Estate Leadership

Lawrence LaBonte, a seasoned professional with 35 years in the real estate sector, has curated a notable career marked by a pragmatic approach to transactions totaling over $600 million in development. Before founding the LRT Development Company, LaBonte garnered extensive experience within reputable entities, focusing on the redevelopment of National Historic Landmarks:
The Flatley Company: Serving as Asset Manager for the $1.3 billion real estate entity, LaBonte directed the redevelopment of the Schraft Candy Building in Charlestown, MA. Built in 1861, the structure transitioned to office space in 1988.
Manhattan Development Group: As Asset Manager for the Special Purpose Vehicle (SPV) entity, LaBonte led the redevelopment of 431 S. Dearborn St. in Chicago, IL. The Manhattan Building, erected in 1889, evolved into 105 condominiums in 1994. A graduate of Babson College with a degree in Business Administration, Lawrence LaBonte’s pragmatic expertise in land acquisition, entitlements, and public finance positions him as a key player in executing successful projects within the senior housing and development sectors.

• The 1400 N. Lake Shore Building: Acting as General Manager for an additional SPV entity, LaBonte managed the 1927 Art Deco landmark redevelopment at 1400 N. Lake Shore Dr. in Chicago, converting it into 398 apartments in 1996.
• American Invsco: As General Manager for the pioneering condominium converter with $3 billion in sales, LaBonte oversaw the redevelopment of 110 E. Chestnut in Chicago’s Gold Coast, converting 444 apartments to condominiums in 2000.
• United States Bankruptcy Court: In 2008, LaBonte assumed roles as Auctioneer and Special Assistant to Trustee, handling matters related to business insolvency and asset liquidations through private and public means.
  LaBonte Family Office: Engaged in real estate investing and development from 2008 to 2016, LaBonte completed transactions totling $20 million in single-family and multi-family projects.
• Currently steering the LRT Development Company, LaBonte focuses on land entitlement and commercial property development, particularly in the senior housing sector. The company is actively involved in projects with a cumulative value of $85 million in pre-development or development activity.

Charles Anderson, a Partner at LRT Development Company and President of Atlantic Capital Real Estate Inc., adopts a pragmatic approach in his roles within the land development sector. His expertise extends to developing primarily residential communities across multiple states, including Rhode Island, Massachusetts, Connecticut, South Carolina, Louisiana, New York, and Florida, culminating in over 2400 residential units and more than 1,000,000 sq. ft. of commercial space.
In Senior Living, Mr. Anderson strategically oversees the permitting and design processes for four Continuing Care Communities. These include 152-unit facilities in Leesburg, FL, Hardeeville, SC, and Leander, TX, and a fourth facility comprising 202 units in Coventry, RI.
Within the Energy sector, Mr. Anderson is presently engaged in the municipal permitting and grid interconnection efforts for 29 MW of solar arrays in Rhode Island.

On the Residential front, Mr. Anderson manages two condominium projects totaling 104 units in Coventry and West Warwick, RI. Previously associated with Coastal Capital in Providence, RI, he was pivotal in advising, structuring, and arranging debt and equity for real estate transactions exceeding $500 million. Additionally, he sourced and participated as a principal in acquiring, restructuring, and redeveloping distressed real estate assets exceeding $80 million in value.
Before Coastal Capital,Mr. Anderson was a principal at Anderson Associates Inc. and Wildfield Associates Inc., where he identified prime real estate for acquisition and development. His role included the permitting and developing of over 1200 home sites and 400 condominiums. Earlier in his career, he was regional director for Mutual Benefit Financial Service Company, overseeing the broker-dealer network in the Southwest and contributing to the structuring and placing of over $500 million in equity for private placement investments.
A graduate of the University of Rhode Island with a degree in Business Administration, Mr. Anderson’s comprehensive experience and astute business acumen position him as a key figure in the successful execution of real estate ventures.