Bahamas
Multifamily property in Royse City, TX — sponsored by Megatel (MCI Exchange)
Files with the SEC as MCI Exchange Bahamas A Series, DST
Minimum investment
$43k
Offering size
$43.2M
How much has sold
14.0%
Asset type
Multifamily property
Location
Royse City, TX
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Bahamas combines the historical SEC filing record with the cited public sources we found for the property and its outcome. Use the chapters below to see what those sources establish, then use the source list to check the underlying materials.
Show sources (5)Hide sources (5)
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.
What exactly is the property?
- Reported location
- Royse City, TX
- Property size
- $43.2M offering (multifamily parcel within 253.886-acre Bahamas + Enclave of Bahamas Laguna Azure community)
How did it end?
No sale or other ending on record
No public exit announcement found; the Bahamas A Series DST completed its Form D raise on Jan 30, 2025, and as of Feb 2026 the underlying Bahamas/Enclave of Bahamas property was still being actively marketed via a follow-on Bahamas B Series DST brochure, indicating it remains in operating/development status (source: dst.investments Bahamas B brochure Feb 2026; SEC EDGAR CIK 2053347).
Despite the 'Bahamas' branding, the underlying land is part of the Laguna Azure master-planned community in Royse City, TX 75189 (not the country Bahamas); Bahamas A Series is sponsored by MCI Exchange (Megatel Homes affiliate) at 2101 Cedar Springs Road Suite 700, Dallas, TX; related Bahamas B Series (Enclave of Bahamas) brochure describes six parcels totaling 253.886 acres; $43.2M offering size per Form D filed Jan. 30, 2025; no specific street address or multifamily segment address publicly identified.
$43.2M offering (multifamily parcel within 253.886-acre Bahamas + Enclave of Bahamas Laguna Azure community)Supporting evidence
Who's behind it?
- Sponsor
- Megatel (MCI Exchange)
- Legal Trust name
- MCI Exchange Bahamas A Series, DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 2 active / 6 total offerings from Megatel (MCI Exchange)
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
- 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 Bahamas?
Top1031 lists Bahamas as historical. It is no longer raising money.
Where does Top1031 get the data for Bahamas?
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.
Chapter 7Bahamas | Royse City New Home CommunityMegatel Homes community page for the Bahamas lagoon community in Royse City, TX 75189, listing amenities (fitness center, Flowrider, water slides) that anchor the underlying property for the DST. Bahamas — Royse City, TX (by Megatel Homes)Homes.com listing for the Bahamas community shows status 'SOLD OUT', indicating all homes in this phase have been sold (relevant context for the underlying property backing the DST). Bahamas, Royse City, TX — Community by Megatel HomesThird-party listing for the Bahamas community by Megatel Homes in Royse City, TX. MCI Exchange Enclave of Bahamas/Bahamas B Series DST — Offering BrochureSponsor brochure for the sister Bahamas B Series DST describing 253.886 acres of land in the Bahamas and Enclave of Bahamas Laguna Azure master-planned communities in Royse City and Caddo Mills, TX; confirms the Bahamas A Series targets the same Royse City community.