Enclave of Bahamas
Legal trust name MCI Exchange Enclave of Bahamas/Bahamas B Series, DST
Talk to a 1031 specialistData updated Aug 8, 2025
Offering size$57.7M
Asset typeMultifamily
LocationRoyse City, TX
FinancingNot disclosed
Regulation D exemptionRule 506(c)
Sponsor-reported potential 721/UPREIT exitNo
First filedAug 8, 2025
Last filedAug 8, 2025
Minimum$58k
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.
Enclave of Bahamas—formally MCI Exchange Enclave of Bahamas/Bahamas B Series, DST—is a Delaware statutory trust sponsored by MCI DST-Sponsor LLC, tied to the Megatel Homes and Megatel Capital Investment (MCI) group. The trust holds six parcels totaling 253.886 acres across two Texas locations within the master-planned "Laguna Azure" lagoon communities: Royse City in Rockwall County and Caddo Mills in Hunt County, both zoned Single Family Planned Development. The property is subject to a ground lease with monthly ground rent and option payments to the trust, plus a fixed purchase option. Offering material dated August 8, 2025 capitalizes the trust at $57.71 million, funded entirely with investor cash and no trust-level debt.
Min inv $57,710 (Form D); 506(c); first sale yet to occur as of 8/8/25; sponsor = Megatel Capital Investment, Dallas
Based on issuer-filed Form D notices through Aug 8, 2025. 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 amount0.0%Current Form D data does not support a reliable raise-progress estimate.
Not enough filing history for a trend line.
Capital sold, per latest Form D—
Remaining amount reported in latest Form D$57,710,000
Investor count reported in latest Form DNot disclosed
Stated minimum investment$57,710
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First filedAug 8, 2025
Latest filingAug 8, 2025
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
The Trust and Sponsor
The trust, formally MCI Exchange Enclave of Bahamas/Bahamas B Series, DST 1, is sponsored by MCI DST-Sponsor LLC, whose principals operate as Megatel Homes—a Dallas residential homebuilder founded in 2006—and Megatel Capital Investment, LLC (MCI), the group's capital-markets arm 2. Megatel is the developer of the "Laguna Azure" lagoon communities on which the trust's parcels are located 2.
Property
The trust holds six parcels totaling 253.886 acres across two Texas locations: Royse City in Rockwall County (four parcels, 207.794 acres, at the northeast quadrant of FM-547) and Caddo Mills in Hunt County (two parcels, 46.061 acres, at the northwest corner of FM-1565 and FM-2638). All parcels are zoned Single Family Planned Development and served by the Royse City and Caddo Mills school districts 2. An independent appraisal of the property was prepared by Integra Realty Resources in 2025 2.
Lease and Capitalization
The property is subject to a ground lease under which the ground tenant pays the trust $96,183.33 monthly in ground rent and $240,458.33 monthly in option payments, and the lessee is prohibited from making improvements during the lease term. A separate option grants the ground tenant the right to purchase the property from the trust for $57,710,000 2. Offering material dated August 8, 2025 capitalizes the trust at $57,710,000, funded entirely with investor cash and with no acquisition or construction debt at the trust level 2. An issuer Form D filed August 8, 2025 reported the $57,710,000 offering 3.
In the news
Frequently asked questions
Is Enclave of Bahamas currently active?
Enclave of Bahamas 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 Enclave of Bahamas?
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.