Megatel (MCI Exchange)
6 Programs on record · filing history back to 2023 · 2 classified as raising now
megatelhomes.comPrograms on record6
First filed2023
Raising now2
Finished with published result0%
Capital-loss alertNone published
Sponsor-reported, from SEC filings and cited sources.
What the record shows
Megatel (MCI Exchange) is the Delaware statutory trust program line of Megatel Capital Investment, LLC, which identifies itself as the capital markets division of the Megatel Group. MCI says its efforts focus on providing capital for quality-built, custom-home communities in fast-growing population centers, primarily in Texas and Oklahoma. The Megatel Group announced on June 25, 2019 that it would begin offering DST funds through MCI. Top1031 tracks six MCI trust entities first filed between 2023 and 2026, including MCI-DST 1 and the AnaCapri, Saint Tropez, Bahamas, Enclave of Bahamas and Bellagio series. Sponsor filings also report earlier MCI private real-estate lending funds dated between 2017 and 2023.
Sponsor-stated figures are as reported by the sponsor.Evidence 1234567
Published Grade summary
Public records track 6 Programs from this Sponsor over 3 years, but 0 have reached the point in their lifecycle where a full-cycle result could be assessed, and 0 are seasoned. Because no Programs have completed, the outcome-disclosure ledger is empty: 0 with figures published, 0 acknowledged without a figure, and 0 silent. No material adverse events or recorded floor appear in the file, and the review rests on a single citation, so the record is thin rather than favorable or unfavorable.
0Programs with an ending or 7+ years of history
0 of 0Programs with a documented problem
0%Finished Programs with a published result
Not foundPublishes its own track record
Raising money now
Classified active by Top1031 from the SEC filings. That does not confirm an offering is still available to buy.
SponsorPropertyOffering sizeAmount soldStatus☆
Enclave of BahamasSEC filing, Aug 8, 2025
Amount sold: not confirmed yet. Top1031 has not been able to confirm how much of this offering has sold.
ActiveHow this Grade was computed
The four channels describe the documented public record. The published letter also applies evidence gates, ceilings, and adverse floors.
Four evidence channelsEach channel is scored from 0 to 100, then weighted under the published method.
Read the full methodHarm recordDocumented problems, weighed against everything at stake35% weight
Lifecycle outcomesHow programs old enough to finish actually ended25% weight
Market acceptanceHow each raise went against comparable offerings25% weight
Disclosure candorWhether completed programs come with published results15% weight
Weighted blend35% H + 25% L + 25% R + 15% TThe published result applies the anti-washout ceilings, evidence gates, and adverse floors below after this blend. Top1031 does not publish an intermediate score.
AProven71 and above
BEstablished61–70
CUnproven50–60
DWarning36–49
FAdverseBelow 36
NRNot ratedRecord too small or identity under review
- Ceilings
- The result cannot exceed H + 10 or L + 15, so stronger sales evidence cannot wash out a weaker harm or lifecycle record.
- Evidence gates
- A and B require minimum proof depth, lifecycle history, and channel evidence. A also requires qualifying disclosure coverage.
- Adverse floors
- An Integrity alert sets an F floor. A dominant documented capital loss or multiple independent severe events sets D or lower.
Proof depth13.8Published-outcome coverage0%
- C2026-Q3 · Moved from C. Binding constraints: proof depth below 4; fewer than 10 lifecycle-eligible Programs; H below 85.
Programs on the record
A Program is the filing-level offering record associated with this sponsor. Published-result figures are shown only with sponsor attribution and adjacent sources.
ProgramFirst filedStatusPublished outcome
MCI Exchange Enclave of Bahamas/Bahamas B Series, DSTSEC filing 2025Raising now
—Not in the finished-Program ledger
Who they are
Written from SEC filings and cited sources
Platform and stated strategy
Megatel Capital Investment, LLC (MCI) identifies itself as the capital markets division of the Megatel Group 1, and says its efforts focus on providing capital for quality-built, custom-home communities in fast-growing population centers, primarily in Texas and Oklahoma 2. The Megatel Group announced on June 25, 2019 that it would begin offering Delaware statutory trust investment funds through MCI, describing at that time a focus on acquiring stabilized multifamily programs and introducing its Rent Back program to those properties 3.
Trust program line
Top1031 tracks six MCI trust entities: MCI-DST 1 and MCI Exchange AnaCapri A Series, DST, first filed in 2023; MCI Exchange Saint Tropez A Series, DST, first filed in 2024; MCI Exchange Bahamas A Series, DST and MCI Exchange Enclave of Bahamas/Bahamas B Series, DST, first filed in 2025; and MCI Exchange Bellagio A Series DST, first filed in 2026 4. The AnaCapri A Series issuer filing dated February 21, 2024 reported a $23,000,000 total offering amount 5.
The sponsor brochure for the Enclave of Bahamas/Bahamas B Series describes six parcels totaling 253.886 acres within the Bahamas and Enclave of Bahamas Laguna Azure communities in Royse City and Caddo Mills, Texas 6.
Earlier MCI programs
A sponsor-filed SEC offering document records earlier MCI programs in private real-estate lending, including MCI Secured Income Fund, LLC (April 13, 2017), MCI Preferred Income Fund II, LLC (October 7, 2020), and MCI Preferred Income Fund IV, LLC (October 1, 2023) 7.
Show sources (7)Hide sources (7)
- Megatel Capital Investment ↗Sponsor disclosure
- Megatel Capital Investment ↗Sponsor disclosure
- PR Newswire ↗Sponsor disclosure
- Top1031 sponsor record ↗Top1031-derived
- sec.gov ↗Public record
- MCI / Primus via dst.investments ↗Sponsor disclosure
- sec.gov ↗Public record