MCG Charleston James Island DST
Other property — sponsored by Madison Capital Group
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
MCG Charleston James Island DST is a Delaware Statutory Trust — a structure that lets 1031 exchange investors hold fractional interests in real estate — sponsored by Madison Capital Group. A single SEC Form D filed May 5, 2022 reports a $14,861,816 offering with a $25,000 minimum investment.1 No reviewed public source identifies the underlying property, tenant, or financing, and no later filing has followed.
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These links support the historical public record; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
How did it end?
No ending on record
No public full-cycle announcement, property sale news, or 721 conversion could be located for MCG Charleston James Island DST; JRW shows Madison Capital with 0 full cycles among 14 offerings, consistent with no public disposition.
The public fund record confirms a 2022-04-14 sale/raise record ($14.9 million offered; $3.4 million sold), but the reviewed public sources did not identify the underlying property, address, sponsor, asset type, size, or qualifying dated news coverage. Charthouse at James Island was not attributed to this DST and is therefore excluded.
Who's behind it?
The Form D names Ryan L. Hanks and Joe F. Teague, Jr. as executive officers and promoters of the Trust, and estimates $240,000 of gross proceeds used or proposed for payments to such persons.1 The White Law Group, a law firm that markets to investors claiming losses, described the Trust as Madison Capital Group-sponsored in a May 15, 2025 page saying it was investigating whether brokerage firms violated securities laws in recommending it; that page is an attorney solicitation and establishes no misconduct or filed case.2
- Sponsor
- Madison Capital Group
- Legal Trust name
- MCG Charleston James Island DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 6 active / 12 total offerings from Madison Capital Group
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The single filing reports a first sale on April 14, 2022, an estimated $1,040,257 in sales commissions, and no finders' fees.1 It was sold under the exemption that permits public advertising but limits buyers to accredited investors — people meeting SEC income or net-worth thresholds. No amendment has been filed since.
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- How it may be offered
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
- Read the filings on SEC EDGAR
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
Common questions
What happened to MCG Charleston James Island DST?
Top1031 lists MCG Charleston James Island DST as historical. It is no longer raising money.
Where does Top1031 get the data for MCG Charleston James Island DST?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
What property does this Trust own?
Not established by any source we reviewed. The Form D for MCG Charleston James Island DST does not name a property, and no sponsor material, deed record, or news article reviewed as of August 20, 2026 links a specific building, address, unit count, or tenant to CIK 0001926995. Properties on James Island in the Charleston, South Carolina area surfaced in searching but were not attributed to this Trust, so they are excluded rather than used to fill the gap. The property identity would be disclosed in the private placement memorandum (PPM), the offering document given to prospective investors.
Is the offering still open?
The public record does not show a closing. Only one filing exists — the Form D filed May 5, 2022 — and no amendment, termination notice, or later filing has been made for this Trust as of August 20, 2026. In that filing the issuer answered that it did not intend the offering to last more than one year.[1] Because sponsors are not required to file an amendment when a Rule 506 offering finishes selling, an open-looking record from 2022 is not proof that interests remain available. Confirm current status directly with the sponsor.
Who can invest in a Rule 506(c) offering?
Only accredited investors. Rule 506(c) is the SEC exemption that lets an issuer advertise a private offering publicly, but in exchange the issuer must take reasonable steps to verify that every buyer is accredited — typically by reviewing tax returns, brokerage statements, or a letter from a CPA or attorney. That is stricter than a 506(b) offering, where an investor may self-certify. Accreditation generally means meeting SEC income or net-worth tests.
What is the White Law Group page about this Trust?
On May 15, 2025, The White Law Group published a page saying it was investigating whether brokerage firms violated securities laws in recommending MCG Charleston James Island DST to investors.[2] That page is an attorney investigation and marketing solicitation. No reviewed primary record establishes a filed lawsuit, arbitration award, judgment, regulatory action, foreclosure, or bankruptcy involving this Trust, and the page itself does not establish that any misconduct occurred.
How is the property financed, and are there distributions?
Unknown from public sources. The Form D discloses offering size, sales progress, commissions, and the exemption used — it does not disclose loans, loan-to-value, lender identity, distribution rates, or a projected hold period. Nothing in the reviewed record indicates whether this Trust is leveraged or all-cash, or whether a 721/UPREIT exit (a later exchange of Trust interests for operating-partnership units in a REIT) is contemplated. Those terms live in the PPM.
What does 'DST' mean for a 1031 exchange?
A Delaware Statutory Trust holds title to real estate and issues beneficial interests to investors. The IRS treats those interests as direct ownership of real property, so they can serve as replacement property in a 1031 exchange. The tradeoff is passivity: the trustee and sponsor control the asset, investors cannot direct management or refinancing, and the interests are illiquid with no established secondary market.