Bellagio
Legal trust name MCI Exchange Bellagio A Series DST
Talk to a 1031 specialistData updated Jun 5, 2026
Offering size$48.4M
Asset typeMultifamily
LocationForney, TX
FinancingNot disclosed
Regulation D exemptionRule 506(c)
Sponsor-reported potential 721/UPREIT exitNo
First filedJun 5, 2026
Last filedJun 5, 2026
Minimum$48k
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.
MCI Exchange Bellagio A Series DST is a Delaware statutory trust sponsored by Megatel (MCI Exchange), the capital-markets division of the Dallas-based Megatel Group. The trust is structured around the land underlying Bellagio, a Megatel Homes master-planned residential community in Forney, Texas, in Kaufman County. Megatel Capital Investment provides growth capital to Megatel Homes through a syndicated land and development funding program in which this trust sits. In a Form D notice dated June 5, 2026, the issuer reported a total offering amount of $48,435,000, of which $4,299,713 had been sold as of that filing date.
Min $48,435; $4.30M of $48.435M sold as of 6/5/26 (~9%); 506(c); first sale 5/29/26; sponsor Megatel Capital Investment (MCI DST-Sponsor LLC), Dallas TX; Co-Presidents Armin & Arash Afzalipour
Homes 1,787-3,456 SF, 3-6 bd; community is an $800M+ lagoon developmentBased on issuer-filed Form D notices through Jun 5, 2026. Amounts are self-reported, may lag current subscriptions, and do not confirm availability. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Reported sold as a percentage of stated offering amount9.0%
Not enough filing history for a trend line.
Capital sold, per latest Form D$4,299,713
Remaining amount reported in latest Form D$44,135,287
Investor count reported in latest Form D8
Stated minimum investment$48,435
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First filedJun 5, 2026
Latest filingJun 5, 2026
Filings tracked1
View filing on SEC EDGARForm D is an issuer notice filing. A filing does not mean the SEC approved, endorsed, or verified the offering.
Offering profile
SEC filings + cited sources
Trust and sponsor
MCI Exchange Bellagio A Series DST is the trust marketed as Bellagio, sponsored by Megatel (MCI Exchange) 1. Megatel Capital Investment (MCI) operates as the capital-markets division of the Megatel Group, providing growth capital to Megatel Homes, a Dallas-based homebuilder, through a syndicated land and development funding program in which the Bellagio trust sits 2.
Underlying property
Bellagio is a Megatel Homes master-planned residential community in Forney, Texas, within Kaufman County, with homes listed from the high $300,000s. The trust is structured around the land underlying this community development 3.
Issuer-filed offering figures
In a Form D notice dated June 5, 2026, the issuer reported a total offering amount of $48,435,000, with $4,299,713 sold as of that filing date 4.
In the news
Frequently asked questions
Is Bellagio currently active?
Bellagio is classified by Top1031 as active. “Active” reflects the latest public record and does not confirm that interests remain available.
Where does Top1031 get the data for Bellagio?
Top1031 tracks this offering from SEC Form D filings and cited sponsor disclosures. Filing data may lag current subscriptions and does not mean the SEC approved or verified the offering.