Village Towers
Office (Class A, mixed-use w/ ground-floor retail) property in Houston, TX — sponsored by Moody National
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.
What is this, in one paragraph?
Village Towers is a Delaware statutory trust (DST) — a structure that lets 1031 exchangers own fractional interests in a single property — sponsored by Moody National. It holds a Class A office-and-retail complex in West Houston that the sponsor says was developed in 2019.2 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.
Minimum investment
$25k
Offering size
$136.3M
How much has sold
42.0%
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited 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 above ground-level retail — developed in 2019 in West Houston's Memorial Hedwig Village area.2 The sponsor reports a total acquisition of $210,750,000, funded with $136,250,000 of equity and $74,500,000 of debt.2 The holding entity is a Delaware statutory trust.1 The closing date of the purchase is not established in the public records reviewed.
- 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, summarizing the offering materials, reports the project leased to an affiliated Moody master tenant under a long-term master lease, so rent reaches the Trust from a sponsor entity rather than directly from the occupants.3 The same source names EnCap Investments, 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
- Reported unsold
- $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 owns the complex subject to mortgage debt, whose claim on the building ranks ahead of investor equity. Moody National's 2025 update describes the borrowing as interest-only long-term fixed-rate financing, meaning no principal pays down before maturity.2 No lender is identified in the sources reviewed.
- Loan-to-value
- approximately 37.27%moodynational.com
Who's behind it?
Moody National runs the Trust through affiliates: the SEC filing names Moody National DST Sponsor, LLC, Moody Village Towers Depositor, LLC and Moody Village Towers AM, LLC as promoters or related parties, with Brett C. Moody as an executive officer of the issuer's manager.1 Baker 1031 reports an affiliated Moody entity serves as master tenant and operator of the project.3 The White Law Group posted a page dated May 16, 2025 saying it was investigating how the offering was sold; it names no complaint, docket or regulator order.
- Sponsor
- Moody National
- 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?
The record is one original Form D — the brief SEC notice for an exempt private offering — followed by amendments that update the amount placed while leaving the offering size unchanged. Moody National presents the interests as available to accredited investors through a registered investment adviser or licensed financial advisor.5
- 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.
- Legal Trust name
- Moody Village Towers DST
- 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?
Availability unconfirmed. Active means a filing within the past 15 months; it does not by itself establish current subscription availability.
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, with the most recent Form D amendment filed January 12, 2026. Moody National's 2025 update describes 136,250 Class A beneficial interests priced at $1,000 each, with a $100,000 minimum for 1031 exchange money and a $25,000 minimum for cash investment.[2] A Form D reports amounts 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 complex of office space over ground-floor retail at 9655 Katy Freeway in west Houston, which Moody National says was developed in 2019 in the Memorial Hedwig Village area.[2] Occupancy sources are not date-reconciled: this listing records roughly 97% occupied, while Baker 1031, summarizing a December 2025 offering supplement, reports the project 99.64% leased as of October 1, 2025, and separately reports that at the time of the offering Tower I was about 97.8% occupied across nine tenants with the overall project roughly 94% leased.[3] Leased and occupied are different measures, and 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 project is leased to a Moody-affiliated master tenant under a long-term master lease, so the Trust collects rent from a sponsor affiliate rather than from the occupants themselves.[3] Baker 1031 names EnCap Investments, Innovation Specialists (doing business as 2ND.MD), SEP Permian, Moody National Realty Company and Veritex Community Bank among notable tenants; this listing also records Spur Energy, Prologis and Masraff's.[3] Trade reporting dated July 6, 2022 documented Hilltop Residential's planned 10,760-square-foot lease in Tower II, EnCap Investments' headquarters relocation to the development, and Independent Financial's 8,029 square feet.[6] The master tenant's exact legal name and the master lease terms are set out in the PPM.
Is there debt on the property?
Yes. Moody National's 2025 update reports $74,500,000 of debt alongside $136,250,000 of equity against a $210,750,000 total acquisition, and describes the loan as interest-only long-term fixed-rate financing at 5.09%, maturing in November 2032 after a ten-year term.[2] That update states leverage of approximately 35.35% of purchase price including operating reserves.[2] No lender is named in the sources reviewed. The loan documents and the PPM govern.
What is the stated business plan?
Moody National's 2025 update states the ownership objectives are to distribute rent to beneficial-interest holders after expenses and to prepare the property for sale in approximately ten years.[2] Baker 1031 reports that an affiliated Moody master tenant operates the project in the meantime.[3] The filing record shows no contemplated conversion into a REIT, so a 721/UPREIT exit — exchanging property interests for operating-partnership units in a real estate investment trust instead of taking cash — is not part of this structure as recorded.
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 broker-dealer sales practices related to the offering and referencing the offering's approximately $136.2 million size. It identifies no complaint, case number, docket or regulatory order involving the Trust; it is an attorney solicitation page, not an established adverse finding. Research covering September 2024 through September 2026 located no primary record of a sale, refinancing, foreclosure, distress or litigation event involving the Trust or the property.
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.