Not indexedSponsor-published track-record coverage
Sponsor profile
SEC filings + cited sources
Megatel (MCI Exchange) is the Section 1031 Delaware statutory trust platform launched by the Dallas-based Megatel Group through its capital markets division, Megatel Capital Investment (MCI), which announced the DST offering in 2019. Its programs are backed by Megatel Homes' master-planned, lagoon-anchored residential communities in Texas, including AnaCapri in Anna and the $2 billion Saint Tropez community in the Houston area. Top1031 tracks five MCI Exchange DST programs first filed between 2023 and 2026, spanning the AnaCapri, Saint Tropez, Bahamas, Enclave of Bahamas, and Bellagio series.
Platform and Sponsor
Megatel Group, a Dallas-based homebuilder, announced in June 2019 that it would begin offering Section 1031 DST private placements through its capital markets division, Megatel Capital Investment (MCI), bundled with a "Rent Back" program crediting prior-year rent toward a new home purchase 1. MCI operates as the capital markets division of the Megatel Group of companies, headquartered at 2101 Cedar Springs Road, Suite 700, in Dallas 2.
DST Programs
Top1031 tracks five MCI Exchange DST programs with initial filing years between 2023 and 2026: AnaCapri A Series, Saint Tropez A Series, Bahamas A Series, Enclave of Bahamas/Bahamas B Series, and Bellagio A Series 3.
Underlying Communities
The AnaCapri and Saint Tropez programs are backed by Megatel Homes' master-planned, lagoon-anchored residential communities in Texas. AnaCapri, an 1,800-home lagoon-anchored community in Anna, was approved by the Anna City Council in 2021 4 and broke ground in April 2024 as part of a roughly $1 billion project, with plans for about 400 homes in a second phase 5. Saint Tropez, Megatel Homes' first Houston-area project, is a $2 billion community of more than 1,000 acres spanning roughly 4,500 single-family lots plus multifamily rental units; construction began in June 2022 67.
MCI Exchange AnaCapri A Series, DST2023No public exit announcement found; the AnaCapri A Series DST completed its Form D raise on Feb 22, 2024, with SEC EDGAR showing only the original Form D plus two Form D/A amendments reporting additional securities sold (not exit events), and the underlying AnaCapri master-planned community in Anna, TX (2,000 homes + 600 apartments around a lagoon) remains in active development per Megatel's 2025 drone updates (source: SEC EDGAR CIK 1991717; connectcre.com Apr 2024; megatelhomes.com AnaCapri page).sec.gov ↗connectcre.com ↗megatelhomes.com ↗SEC ↗
MCI Exchange Saint Tropez A Series, DST2024No 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).sec.gov ↗megatelhomes.com ↗altswire.com ↗SEC ↗
MCI Exchange Bahamas A Series, DST2025No public exit announcement found; the Bahamas A Series DST completed its Form D raise on Jan 30, 2025, and as of Feb 2026 the underlying Bahamas/Enclave of Bahamas property was still being actively marketed via a follow-on Bahamas B Series DST brochure, indicating it remains in operating/development status (source: dst.investments Bahamas B brochure Feb 2026; SEC EDGAR CIK 2053347).sec.gov ↗dst.investments ↗streetinsider.com ↗SEC ↗
Bahamas | Royse City New Home CommunityMegatel Homes community page for the Bahamas lagoon community in Royse City, TX 75189, listing amenities (fitness center, Flowrider, water slides) that anchor the underlying property for the DST.
Bahamas — Royse City, TX (by Megatel Homes)Homes.com listing for the Bahamas community shows status 'SOLD OUT', indicating all homes in this phase have been sold (relevant context for the underlying property backing the DST).
Bellagio by Megatel Homes in Forney, TXReal estate listing site introduces Bellagio as a new single-family community by Megatel Homes in Forney, TX, the underlying lagoon community supporting the MCI Exchange Bellagio A Series DST.
Enclave of Bahamas / Bahamas B SeriesBlueVault Partners listing page for the Enclave of Bahamas / Bahamas B Series DST, dated April 23, 2026, confirming ongoing sponsor activity on this Megatel-affiliated offering.
The CRE Equity Alert — Aug 9, 2025 (includes Megatel Capital Investments Bahamas B Series)Capital-raise newsletter lists Megatel Capital Investments' MCI Exchange Enclave of Bahamas/Bahamas B Series DST ($57,710,000), demonstrating active capital raising in the Bahamas Laguna Azure community during 2025 and confirming the Bahamas A Series targets the same Royse City community.
MCI Exchange Enclave of Bahamas/Bahamas B Series DST — Offering BrochureSponsor brochure for the sister Bahamas B Series DST describing 253.886 acres of land in the Bahamas and Enclave of Bahamas Laguna Azure master-planned communities in Royse City and Caddo Mills, TX; confirms the Bahamas A Series targets the same Royse City community.
Saint 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 begins work on lagoon-anchored AnaCapri projectDallas Business Journal reports Megatel Homes broke ground April 2 on the $1B AnaCapri lagoon community in Anna, with plans to build ~400 new homes by year-end as part of the project's second phase.
Groundbreaking Anacapri Lagoon in Anna, Collin CountyCity of Anna press release describing Megatel Homes' April 2, 2024 groundbreaking ceremony for the $800M+ AnaCapri lagoon community with over 1,000 homes and 600 multifamily units.
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.
Lagoon-anchored 1,800-home development approved in AnnaDallas Business Journal reports the Anna City Council approved Megatel Homes' 1,800-home AnaCapri lagoon-anchored master-planned community — the underlying property for the AnaCapri A Series DST.