AnaCapri
Multifamily property in Anna, TX · sponsored by Megatel (MCI Exchange)
AnaCapri was a DST sponsored by Megatel (MCI Exchange) that owned a multifamily property in Anna, TX. Its last Form D was filed Feb 22, 2024.
How it ended
No outcome recorded · under 7 years
Last Form D filed Feb 22, 2024.
Key facts
- Minimum investment
- $23,000From the Form D
- Offering size
- $23,000,000Equity offered, per the Form D
- Sold
- 89.6%Form D, Feb 22, 2024; the % is our arithmetic
- Investors reported
- Form D, Feb 22, 202459
- Selling commissions
- Form D Item 15; the % is our arithmetic$2,185,000 · 9.5% of offering
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.How it is financed ↓
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →
Using this record to judge the sponsor? A licensed 1031 specialist from our affiliated partner can talk it through with you.
Ask a 1031 specialist about this recordFree. About: AnaCapri. Top1031 is not a broker-dealer.AnaCapri · Anna, TX · Photo: s24806.pcdn.co
What did AnaCapri own?
AnaCapri is Megatel Homes' lagoon-anchored master-planned community in Anna, in Collin County north of Dallas. A groundbreaking for the 2.3-acre lagoon was held April 2, 2024, within a plan described as more than 1,000 homes and 600 multifamily units. 3 By mid-April 2024, more than 100 residents had moved in. 6 Public records do not identify which parcel or building the Trust itself owns, or its unit count.
- Reported location
- Anna, TX
How was it financed, and what did it cost to sell?
Whether this Trust carries mortgage debt is not established by any public record. The Form D filings report only the equity being raised; no lender, loan amount, or loan terms appear in the SEC file.
Debt
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $2,185,000 · 9.5% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $0 · 0.0% of offeringForm D Item 16
- Broker-dealers named in the Form D
- 20 named in the Form D
Show the firms
- American Trust Investment Services, Inc. · CRD 3001
- Arete Wealth Management, LLC · CRD 44856
- Arkadios Capital · CRD 282710
- Calton & Associates, Inc. · CRD 20999
- Capulent LLC · CRD 155155
- Center Street Securities, Inc. · CRD 26898
- Courtlandt Securities Corporation · CRD 137356
- Crown Capital Securities, L.P. · CRD 6312
- Dempsey Lord Smith, LLC · CRD 141238
- Dougherty & Company LLC · CRD 7477
- Great Point Capital LLC · CRD 114203
- Independence Capital Co., Inc. · CRD 24723
- Infinity Financial Services · CRD 144302
- International Assets Advisory, LLC · CRD 10645
- Investment Security Corporation · CRD 47536
- Patrick Capital Markets, LLC · CRD 16518
- Primus Financial Services, LLC · CRD 307060
- Saxony Securities, Inc. · CRD 115547
- The Strategic Financial Alliance, Inc. · CRD 126514
- Willow Cove Investment Group, Inc. · CRD 107824
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Oct 2, 2023
- Minimum investment
- $23,000
Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together.
Who's behind AnaCapri?
Megatel Capital Investment, the investment affiliate of Dallas-based homebuilder Megatel Homes, launched its 1031 DST private-placement platform in June 2019, pairing it with a "Rent Back" program aimed at acquiring stabilized multifamily programs. 4 It added a regional vice president and two associate vice presidents to that sales effort in August 2019. 5 The Trust's Form D names Armin Afzalipour and Arash Afzalipour, co-presidents of the issuer's parent, as its executive officers and directors. 2
- Sponsor
- Offerings on record
What does the SEC record show?
Megatel filed an initial Form D for the Trust and then amended it twice as the raise progressed, each amendment updating the sold and remaining figures. The final amendment on record reported the first sale as October 2, 2023, and a $23,000 minimum investment from an outside investor. 2
- Legal Trust name
- MCI Exchange AnaCapri A Series, DST
- SEC CIK
- 1991717
- First Form D
- Sep 27, 2023
- Latest Form D
- Feb 22, 2024
- Filings on record
- 3
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $23,000,000 | $20,613,754+$6,049,616 | 59+13 | EDGAR | |
| Form D/A | $23,000,000 | $14,564,138+$14,564,138 | 46 | EDGAR | |
| Form D | $23,000,000 | $0 | EDGAR |
Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.
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.
Common questions
- What happened to AnaCapri?
- AnaCapri is a Historical offering. Last Form D filed Feb 22, 2024.
- What does this Trust actually own?
- The public record links MCI Exchange AnaCapri A Series, DST to AnaCapri, Megatel Homes' master-planned lagoon community in Anna, Texas, and classifies the asset as multifamily. No SEC filing or municipal record located identifies the specific parcel, address, phase, or unit count the Trust holds, and there is no public evidence that the Trust owns the whole community. A Form D does not describe real estate, so those details would sit in the offering documents.
- Who is Megatel (MCI Exchange)?
- Megatel Capital Investment (MCI) is the investment affiliate of Megatel Homes, a Dallas-based homebuilder. It announced its move into Section 1031 Delaware Statutory Trust private placements in June 2019, tied to a "Rent Back" program focused on acquiring stabilized multifamily programs. The sponsor rows on this page show how many offerings from Megatel (MCI Exchange) are tracked in this directory.
- How much debt does the Trust use?
- Not disclosed in any source reviewed. Leverage is recorded as unknown here because the Form D filings cover only the equity raise and no mortgage, lender, or loan-to-value figure appears in the SEC file or in local records. An investor would need the offering documents to see the capital structure.
- Can this Trust convert into a REIT through a 721/UPREIT exit?
- The record for this Trust shows no REIT conversion feature. A 721/UPREIT exit is a structure where a DST's property is contributed to a REIT's operating partnership in exchange for partnership units, deferring tax but ending the ability to do a future 1031 exchange on that asset. Where that feature is absent, an eventual sale is the expected path — but the offering documents govern.
In the news
Sources
Show sources (9)Hide sources (9)
These links support the record as a whole; individual details may come from different sources.
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 offering documents before investing.