Top1031

MCI-DST 1

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

HistoricalLast Form D filed Mar 23, 2023 (opens in a new tab)

MCI-DST 1 was a DST sponsored by Megatel (MCI Exchange) that owned a real estate property in Dallas, TX. Its last Form D was filed Mar 23, 2023.

How it ended

No outcome recorded · under 7 years

Last Form D filed Mar 23, 2023.

Megatel (MCI Exchange) has 2 active offerings on record →

Key facts

Minimum investment
$27,500
From the Form D
Offering size
$27,500,000
Equity offered, per the Form D
Sold
Not reported after the first Form D (Mar 23, 2023)
Form D, Mar 23, 2023
Selling commissions
$2,475,000 · 9.0% of offering
Form D Item 15; the % is our arithmetic
Financing
All cash. This offering reports no mortgage debt.
How it is financed ↓
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.

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: MCI-DST 1. Top1031 is not a broker-dealer.

What did MCI-DST 1 own?

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

Reported location
Dallas, TX

How was it financed, and what did it cost to sell?

Debt

Financing
All cash. This offering reports no mortgage debt.

Costs and terms from the Form D

Selling commissions
$2,475,000 · 9.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$0 · 0.0% of offering
Form D Item 16
Broker-dealers named in the Form D
1 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Not in the Form D
Minimum investment
$27,500

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.

What does the SEC record show?

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.

Legal Trust name
MCI-DST 1
SEC CIK
1964113
First Form D
Mar 23, 2023
Latest Form D
Mar 23, 2023
Filings on record
1
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount sold
Form D$27,500,000
$0
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 MCI-DST 1?
MCI-DST 1 is a Historical offering. Last Form D filed Mar 23, 2023.
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 offering documents from the sponsor.
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 offering documents 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.

Sources

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These links support the record as a whole; individual details may come from different sources.

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.