Bahamas
Multifamily property in Royse City, TX · sponsored by Megatel (MCI Exchange)
Bahamas was a DST sponsored by Megatel (MCI Exchange) that owned a multifamily property in Royse City, TX. Its last Form D was filed Jan 30, 2025.
How it ended
No outcome recorded · under 7 years
Last Form D filed Jan 30, 2025.
Key facts
- Minimum investment
- $43,170From the Form D
- Offering size
- $43,170,000Equity offered, per the Form D
- Sold
- 14.1%Form D, Jan 30, 2025; the % is our arithmetic
- Investors reported
- Form D, Jan 30, 202510
- Selling commissions
- Form D Item 15; the % is our arithmetic$4,317,000 · 10.0% 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(c)May be advertised publicly. Every buyer’s accredited status must be verified.
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: Bahamas. Top1031 is not a broker-dealer.Bahamas · Royse City, TX · Photo: dlqxt4mfnxo6k.cloudfront.net
What did Bahamas own?
The trust's asset is a multifamily parcel inside Bahamas, a Megatel Homes lagoon community in Royse City, Texas, marketed around a fitness center, Flowrider and water slides. The "Bahamas" name points to that Texas community, not the country. No public record locates a street address, acquisition date, or price for the A Series parcel; the acreage shown below comes from a sponsor brochure covering the sister Bahamas B Series offering.
- Reported location
- Royse City, TX
How was it financed, and what did it cost to sell?
The Form D does not say whether the trust carries mortgage debt or holds the property all-cash, and no lender has been identified in the public record.
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
- $4,317,000 · 10.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $0 · 0.0% of offeringForm D Item 16· The filing’s note: “Any expenses for the organization and offering of the interests will be paid b the Sponsor or an affiliate of the Trust.”
- Broker-dealers named in the Form D
- 7 named in the Form D
Show the firms
- 1031 Securities Inc. · CRD 326590
- Arete Wealth Management, LLC · CRD 44856
- Arkadios Capital · CRD 282710
- Capulent LLC · CRD 155155
- Dempsey Lord Smith, LLC · CRD 141238
- Great Point Capital LLC · CRD 114203
- International Assets Advisory, LLC · CRD 10645
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Jan 17, 2025
- Minimum investment
- $43,170
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 Bahamas?
Megatel Capital Investment is the 1031 arm of the Megatel Group, the Dallas homebuilder that develops the Bahamas community. It announced its move into DST private placements on June 25, 2019, pairing them with a "Rent Back" program aimed at stabilized multifamily, and expanded its sales team for that program in August 2019. A capital-raise newsletter dated August 9, 2025 listed a sister offering, the Enclave of Bahamas/Bahamas B Series DST, raising in the same Royse City community.
- Sponsor
- Offerings on record
What does the SEC record show?
The trust filed one Form D — the short notice an issuer gives the SEC when selling securities without registering them — as a new notice reporting a first sale on January 17, 2025. 1 No amendment has followed. Rule 506(c) lets the sponsor advertise publicly but requires it to verify each investor's accredited status.
- Legal Trust name
- MCI Exchange Bahamas A Series, DST
- SEC CIK
- 2053347
- First Form D
- Jan 30, 2025
- Latest Form D
- Jan 30, 2025
- Filings on record
- 1
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D | $43,170,000 | $6,095,129 | 10 | 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 Bahamas?
- Bahamas is a Historical offering. Last Form D filed Jan 30, 2025.
- Is this property actually in the Bahamas?
- No. Despite the trust's name, the underlying land is part of the Laguna Azure master-planned community in Royse City, Texas 75189, north-east of Dallas. "Bahamas" is the name Megatel Homes gave the lagoon-themed residential community there.
- What key facts are missing from the public record?
- A great deal. There is no publicly identified street address for the A Series parcel, no tenant or lease detail, no occupancy, no acquisition date or price, no stated debt or lender, and no disclosed hold period. Those items would have to come from the offering documents.
- Who is behind the Trust?
- The sponsor is Megatel Capital Investment, operating as MCI Exchange, an affiliate of Dallas homebuilder Megatel Homes. The Form D filed January 30, 2025 identifies MCI DST-Sponsor LLC as sponsor and sole member and manager of the signatory trustee, with MCI Exchange Bahamas A Series ST LLC serving as signatory trustee.
- How does this relate to the Bahamas B Series DST?
- They are separate offerings from the same sponsor targeting the same Royse City community. The B Series, marketed as Enclave of Bahamas/Bahamas B Series, DST, files under a different SEC CIK. Documents describing the B Series land do not establish the A Series parcel's own boundaries or terms.
In the news
Sources
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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.