Saint Tropez
Multifamily property — sponsored by Megatel (MCI Exchange)
Files with the SEC as MCI Exchange Saint Tropez A Series, DST
Minimum investment
$48k
Offering size
$47.5M
How much has sold
7.0%
Asset type
Multifamily property
Location
Not stated
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Saint Tropez combines the historical SEC filing record with the cited public sources we found for the property and its outcome. Use the chapters below to see what those sources establish, then use the source list to check the underlying materials.
Show sources (1)Hide sources (1)
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.
How did it end?
No sale or other ending on record
No public exit announcement found; the Saint Tropez A Series DST completed its Form D raise on Mar 22, 2024, with only the initial Form D filing on SEC EDGAR (no amendment, no 8-K, no press release indicating sale, 721 conversion, or foreclosure), and the underlying Saint Tropez master-planned community in Huffman, TX is still in active development by Megatel Homes (source: SEC EDGAR CIK 2012979; megatelhomes.com Saint Tropez community page).
Underlying physical property and its address are not publicly disclosed in news, sponsor newsrooms, or trade press reviewed. Sponsor-related addresses found are for the trust itself (HQ 2101 Cedar Springs Rd., Ste. 700, Dallas, TX 75201; legal c/o Sorensen Entity Services LLC, 1201 N. Orange St., Ste. 7044, Wilmington, DE 19801) and the sponsor at 1560 E. Southlake Blvd., Ste. 1000, Southlake, TX 76092.
Supporting evidence
Who's behind it?
- Sponsor
- Megatel (MCI Exchange)
- Legal Trust name
- MCI Exchange Saint Tropez A Series, DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 2 active / 6 total offerings from Megatel (MCI Exchange)
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
- 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.
Common questions
What happened to Saint Tropez?
Top1031 lists Saint Tropez as historical. It is no longer raising money.
Where does Top1031 get the data for Saint Tropez?
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.
Chapter 6Saint Tropez | Huffman, TX — Development Update Q1Sponsor-published Q1 2025 drone footage of the Saint Tropez lagoon community showing continued construction and home inventory in the community backing the DST. Megatel Homes LLC breaks ground on 1,000-acre lagoon community east of Lake HoustonHyperlocal news report covering Megatel Homes' June 15 groundbreaking of the 1,000-acre Saint Tropez lagoon community east of Lake Houston, confirming the property location backing the DST. Megatel Homes Begins Construction of $2 Billion Lagoon Community in HoustonPress release announcing Megatel Homes broke ground on Saint Tropez, a $2B, 1,000+ acre master-planned lagoon community in Houston spanning 4,500 single-family lots and multifamily units — the underlying property backing the Saint Tropez A Series DST.