Village Towers
Office (Class A, mixed-use w/ ground-floor retail) property in Houston, TX — sponsored by Moody National
Files with the SEC as Moody Village Towers DST
Minimum investment
$25k
Offering size
$136.3M
How much has sold
42.0%
Asset type
Office (Class A, mixed-use w/ ground-floor retail) property
Location
Houston, TX
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Village Towers is a Delaware statutory trust (DST) — a structure letting 1031 exchangers hold fractional interests in one property — sponsored by Moody National. It holds a Class A office-and-retail complex on Houston's Katy Freeway that Moody says was developed in 2019.1 The Trust is still raising equity from accredited investors, those meeting SEC income or net-worth tests, under Rule 506(c), which permits public marketing.
Min $25k; ~97% occupied; tenants Spur Energy, 2nd.MD, Prologis, Masraff's; built 2019; $57.9M/$136.25M sold 1/2026
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These links support the public record as a whole; 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.
What exactly is the property?
Moody National describes Village Towers as a Class A mixed-use complex — office floors over ground-level retail — developed in 2019 in Houston's Memorial City / Hedwig Village submarket, addressed at 9651 and 9655 Katy Freeway.1 Arch-Con Corporation reported on January 7, 2021 that Phase I construction began August 15, 2019 and that Moody reported Phase I fully leased.4 The two six-story towers share a connected seven-story parking garage.2
- Property address
- 9655 Katy Fwy, Houston, TX
- Property size
- ~350k SF (2 six-story towers)
Who is the tenant, and what's the lease?
Baker 1031's offering page reports the entire project leased to a Moody-affiliated master tenant under a long-term master lease, so rent reaches the Trust from a sponsor affiliate rather than from occupants directly; it names EnCap Investments, Innovation Specialists (2ND.MD), SEP Permian, Moody National Realty Company and Veritex Community Bank among the tenants.3
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
42.0% reported sold
- Amount sold
- $57,876,733
- Still available
- $78,373,267
- Investors reported
- 170
- Total offering
- $136,250,000
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How is it financed, and what does it pay?
The Trust carries mortgage debt, whose claim on the building ranks ahead of investor equity. Baker 1031 describes a $74,500,000 non-recourse, interest-only loan with a ten-year term — interest-only meaning no principal pays down before maturity, non-recourse meaning the lender's remedy runs to the property.3 The lender is not named in the records reviewed.
- Loan-to-value
- approximately 37.27%moodynational.com
Who's behind it?
Moody National sponsors this Trust through a stack of affiliates: Moody National DST Sponsor, LLC as sponsor, Moody Village Towers Depositor, LLC as depositor, Moody Village Towers AM, LLC as trust manager, and an affiliated master tenant operating the project.3 A sponsor affiliate, Moody National Realty Company, is also listed among the building's tenants.3 The White Law Group posted a page dated May 16, 2025 saying it was investigating how the offering was marketed; it identifies no complaint, docket or regulator order.
- Sponsor
- Moody National
- Legal Trust name
- Moody Village Towers DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 2 active / 7 total offerings from Moody National
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
Moody National's update describes 136,250 Class A beneficial interests offered at $1,000 each.1 Issuer amendments report a first sale on December 22, 2022 and update the equity sold and investor count while leaving the stated offering size unchanged.5 Rule 506(c) lets the sponsor market publicly but requires it to verify each investor's accredited status.
- First Form D filedThe public offering record begins.
- Offering amount recordedA Form D amendment recorded offering and sales totals.
- Filing record updatedA later amendment updated the sponsor’s filing record.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 5
- How it may be offered
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- 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
Is Village Towers still raising money?
Top1031 lists Village Towers as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.
Where does Top1031 get the data for Village Towers?
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.
Is this Trust still open to new investors?
The filing record shows the Offering open. The most recent Form D amendment was filed January 12, 2026, and the minimum investment on record is $25,000. A Form D is a snapshot as of its filing date rather than a live balance, so current availability has to be confirmed with Moody National or the advisor presenting the offering.
What property does the Trust own, and how full is it?
Village Towers, a Class A mixed-use complex of office space over ground-level retail at 9655 Katy Freeway in west Houston, which Moody National says was developed in 2019 in the Memorial City / Hedwig Village submarket. Occupancy sources are not date-reconciled: this listing records roughly 97% occupied, while Baker 1031, summarizing offering materials, reports Tower I at approximately 97.8% occupied across nine tenants and the overall project roughly 94% leased. A LoopNet listing dated July 20, 2026 advertised 1,173 to 5,173 square feet of retail space available, which is a single-space listing rather than a project-wide occupancy measure. The rent roll in the private placement memorandum (PPM), the offering's governing legal disclosure document, controls.
Who leases the space, and is there a master lease?
The complex is multi-tenant, but Baker 1031 reports the whole project leased to a Moody-affiliated master tenant under a long-term master lease, meaning the Trust collects rent from a sponsor affiliate rather than from the occupants themselves. Baker 1031 names EnCap Investments, Innovation Specialists (2ND.MD), SEP Permian, Moody National Realty Company and Veritex Community Bank among the tenants; this listing also records Spur Energy, 2nd.MD, Prologis and Masraff's. The master tenant's exact legal name and the master lease economics were not established in the sources reviewed; the PPM sets out those terms and any guarantees.
Is there debt on the property?
Yes. Moody National's 2025 update reports a total acquisition basis of $210,750,000, made up of $136,250,000 of equity and $74,500,000 of debt. Baker 1031 describes the loan as a $74,500,000 non-recourse, interest-only borrowing with a ten-year term, and reports leverage of approximately 37.27% against net purchase price and approximately 35.35% against gross price, with a listed 5.09% fixed rate — though its page also carries variable-capped labeling that the research did not resolve. The lender is not named in the sources reviewed; the PPM and loan documents govern.
Can this Trust roll into a REIT at exit?
The filing record shows no contemplated conversion into a REIT, so a 721/UPREIT exit — swapping property interests for operating-partnership units in a real estate investment trust instead of taking cash — is not part of this structure as recorded. Exit mechanics and their risks are set out in the PPM.
There is a law firm page about this DST — what is it?
The White Law Group published a page dated May 16, 2025 titled "Moody Village Towers DST: Lawsuit Investigation," saying it was investigating whether financial professionals improperly marketed the offering to retail investors and referencing an offering of approximately $136.2 million. It identifies no complaint, case number, docket or regulatory order involving the Trust. It is an attorney solicitation page, not an established adverse finding. No court, regulatory, foreclosure, bankruptcy or sale record involving the Trust was located in the research reviewed.
Chapter 9Moody Village Towers DST: Lawsuit InvestigationLaw firm announces investigation of broker-dealer sales practices related to the Moody Village Towers DST, citing that the offering launched in 2023 and purportedly raised approximately $136.2 million.