Top1031

MCI-DST 1

Real estate property in Dallas, TX — sponsored by Megatel (MCI Exchange)

Minimum investment
$28k
Offering size
$27.5M
How much has sold
None sold yet
Asset type
Real estate property
Location
Dallas, 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.

Chapter 1

What is this, in one paragraph?

MCI-DST 1 is a Delaware statutory trust — a structure that lets 1031 exchange investors hold a fractional interest in real estate — organized by Megatel's DST sponsor entity in Dallas. It filed one Form D, the SEC's notice of an exempt private offering, in March 2023, indicating the date of first sale had yet to occur.1 That notice names no property, tenant, or lender.2

Show sources (11)Hide sources (11)

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.

Chapter 2

What exactly is the property?

Reported location
Dallas, TX
Chapter 3

How did it end?

What happened

No ending on record

No public disposition announcement, sale press release, or AltsWire coverage could be found for MCI-DST 1; SEC EDGAR shows only the original March 2023 Form D filing.

Form D filed 2023-03-23 (Acc-no 0001964113-23-000001). Industry: Other Real Estate. Offering amount up to $27,500,000; $0 sold at filing (date of first sale yet to occur). Minimum investment $27,500. Sponsor/managing entity: Megatel Capital Investment / MCI DST-Sponsor, LLC; related executives Armin Afzalipour and Arash Afzalipour (Co-Presidents of parent company). The address listed is the sponsor's HQ at SEC EDGAR, not the underlying property address. The specific 'MCI Exchange' branded series (e.g., MCI Exchange Saint Tropez, Bahamas, Bellagio, Enclave) tied to this exact CIK could not be pinpointed.

Supporting evidence
Chapter 5

What does the paperwork say?

The Form D describes the securities as beneficial interests in a Delaware statutory trust and states a $27,500 minimum investment.5 It was offered privately to accredited investors — people meeting SEC income or net-worth tests — without general advertising, and no amendment has followed in the nearly three years since.

  1. Form D filedFirst and latest filing on record.
Filings on record
1
How it may be offered
Rule 506(b)Not advertised publicly. Offered through existing relationships.
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.

Chapter 6

Common questions

What happened to MCI-DST 1?

Top1031 lists MCI-DST 1 as historical. It is no longer raising money.

Where does Top1031 get the data for MCI-DST 1?

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.

What property does MCI-DST 1 own?

The public record does not say. The Trust's only SEC filing, a Form D dated March 23, 2023, identifies the security as a beneficial interest in a Delaware statutory trust but names no parcel, portfolio, address, tenant, operator, lease terms, or occupancy figures. The Dallas address in the filing is the issuer's principal place of business, not a property location. Anyone evaluating this Trust would have to obtain the private placement memorandum (PPM), the offering's full disclosure document, from the sponsor.

Is this Trust still open to new investors?

Nothing in the exact-entity public record establishes that the offering is currently available. EDGAR shows a single Form D filed March 23, 2023, with no later amendment or termination notice for this CIK. Availability of any private placement is a question for the sponsor or a broker-dealer, not something the filing record answers.

Who is the sponsor behind MCI-DST 1?

Megatel Capital Investment, acting through MCI DST-Sponsor, LLC, is the sponsoring organization, and the Trust falls under the Megatel (MCI Exchange) platform. The Form D names Armin Afzalipour and Arash Afzalipour, co-presidents of the issuer's parent company, as executive officers and directors of the issuer.

What does 'Rule 506(b)' mean for this offering?

Rule 506(b) is the SEC exemption that lets an issuer raise an unlimited amount privately, without registering the securities, provided it does not advertise or generally solicit and sells almost entirely to accredited investors. In practice it means the offering was marketed through existing relationships and broker-dealer networks rather than publicly, and that the detailed terms live in the PPM rather than in any public filing.

Was there any reported outcome — a sale, refinancing, or 721 exit?

No outcome has been reported in the sources reviewed. The public record for this CIK contains no acquisition or disposition price, no debt or lender information, no distribution history, and no material property event. The Top1031 record also shows the Trust is not structured to convert into a REIT.

Which MCI Exchange series is this?

It could not be pinpointed. Megatel has used several 'MCI Exchange' property brand names, but no source reviewed ties a specific branded series to CIK 1964113. The filing itself carries only the legal name MCI-DST 1.