Megatel Closes Out of Residential Townhome Development Near Dallas

Megatel Homes LLC, a Texas-based homebuilder that funds part of its operations through private placements offered by its capital markets division Megatel Capital Investment (MCI), has closed out the development of Parkview, a 92-lot community in the Dallas suburb of Allen, Texas.

Parkview homes range in size from 1,813 square feet to 2,015 square feet and are priced between the high-$400s to mid-$500s.

Megatel co-founder, Zach Ipour, said that the firm was “able to expand operations and provide high-end communities at an affordable price in the surrounding suburbs of Dallas because of the unique financing structure of MCI Invest.”

“The Parkview project was mostly funded by MCI, which ultimately set us up for success,” he added.

Megatel’s Parkview community is located near Watter’s Creek Village, a 52-acre mixed use property with outdoor shopping, dining, concerts and art festivals. Other nearby amenities include golf courses, parks and walking trails.

“Residents of Parkview can benefit from the community’s safety, attractive tax rate, and proximity to high-end shopping and dining at Watters Creek and the Allen Premium Outlets,” said Ipour.

Megatel Homes has completed more than 100 developments comprised of several thousand homes since its founding in 2006. The company currently has more than 100 communities and is spreading throughout the Dallas-Fort Worth metroplex.

Click here to visit The DI Wire directory page.


Megatel Homes Breaks Ground on $2 Billion Houston Lagoon Community

Megatel Homes LLC, a Texas-based homebuilder that funds part of its operations through private placements offered by its capital markets division Megatel Capital Investment (MCI), has broken ground on Saint Tropez, a lagoon community in Houston. This is one of 12 master-planned lagoon communities in development by Megatel. Pre-selling of the first phase of Saint Tropez is expected to begin within the next 60 days.

The $2 billion Saint Tropez residential community spans more than 1,000 acres and will include a manmade lagoon with sand beaches and amenities such as paddle boarding, kayaking, a swim-up bar, FlowRider surf simulator, a water slide tower, a playground, cabanas, a soundstage, and a splash park. Residents and the public will have access to an onsite restaurant, bar, adult lounge, teen arcade, bowling alley, and a children’s indoor play area. Other property amenities include a fitness and yoga studio, event spaces, and a home design center.

“Lagoon communities have proven to be an extraordinarily popular residential option throughout Texas, with heavy demand for these amenity-rich developments,” said Zach Ipour, co-founder. “As a result of this significant demand, Megatel is pursuing the development of a dozen such communities throughout Texas and expanding to other states.”

The lagoon community will include 4,500 single-family lots and multifamily units. Single-family homes will range in size from 1,500 square feet to 4,000 square feet and sell for between $350,000 to $700,000 each. Multifamily rental units with a mix of one-, two- and three-bedroom options start at $1,200 per month.

Megatel said that it was able to purchase the land for this development “at a reasonable price,” and the value has “nearly doubled” since purchase.

Phase one of the Saint Tropez development is expected to be completed by the first quarter of 2023.

Megatel Homes has completed more than 100 developments comprised of several thousand homes since its founding in 2006. The company currently has more than 100 communities and is spreading throughout the Dallas-Fort Worth metroplex.

Click here to visit The DI Wire directory page.


Megatel Expands Capital Markets Team with Two Vice President Hires

Megatel Capital Investment, the capital markets division of The Megatel Group, has hired Keith Cawley and Paul Dietterich as regional vice presidents.

Cawley, regional vice president of the Midwest region, previously served as a regional sales director at NexPoint Advisors L.P., where he specialized in the sale of alternative investments including real estate investment trusts, Delaware statutory trusts, mutual fund structures, and interval funds. Prior to NexPoint, he was an internal wholesaler with MetLife, where he focused on retirement planning and generational income strategies. He has more than a decade of industry experience and holds a bachelor’s degree in finance from The University of South Carolina and FINRA Series 7 and 63 securities licenses.

Dietterich, regional vice president of the Northeast region, has more than 15 years of experience in the finance and real estate industries. Prior to joining Megatel, he was a director at Rising Star Distributors and previously served as a regional vice president with Realty Capital Securities, where he was responsible for sales distribution throughout the New York tri-state region.

“As The Megatel Group rapidly expands into new markets and product offerings, we are pleased to welcome new additions in support of this tremendous growth and innovation,” said Trey Hoppe, executive vice president and managing director. “Keith and Paul are seasoned professionals who bring a wealth of experience and contacts to our team, adding significant depth and strength to our external sales team. We are delighted to have them on board and are very optimistic of what the future holds for our firm.”

Megatel Capital Investments is the capital markets division of The Megatel Group, which is the parent company of MCI and Megatel Homes LLC. Megatel Homes is a Texas-based homebuilder that funds part of its operations through private placements offered by Megatel Capital Investment.

Founded in 2006, Megatel Homes is a Texas-based homebuilder with more than 100 developments comprised of several thousand homes completed since its founding. The firm funds part of its operations through private placements offered by Megatel Capital Investment.

Click here to visit The DI Wire directory page.


Megatel to Develop 700 Prefab Homes Near Dallas Via New Product Line

Megatel Homes, a Texas-based homebuilder that funds part of its operations through private placements offered by its capital markets division Megatel Capital Investment (MCI), has launched its prefabricated home park product line, with the development of a nearly 700-home park near the Dallas suburb of Weston, Texas.

“We are pleased…to provide a modern, yet affordable housing option for individuals with low to moderate income levels,” said Zach Ipour, co-founder. “This development project in Weston marks the launch of our prefabricated home park product line, Golden Gate Communities. Within the next five years, we plan to build and develop 10,000 prefabricated homes across the nation through this platform.”

Amenities at Golden Gate Communities will include a café, fitness center, and swimming pool, as well as outdoor activities, such as pickle ball, bocce ball, volleyball, and a playground. Five acres at each community will be dedicated to amenities such as a farmers’ market, which will provide residents access to local produce and will ultimately support small business owners and agricultural workers, the company said.

Megatel noted that these amenities are exclusive to Golden Gate residents and not available to the public unlike the company’s recent lagoon developments.

Ipour explains that prefabricated home communities are the future of affordable housing as median home prices continue to rise.

“As material costs and labor shortages continue to negatively impact the industry, fabricated home parks will offer quality affordable housing options for individuals that cannot pursue the American dream of owning a home. Through our Golden Gate Communities, we will change the perception of trailer parks and provide innovative and modernized communities that are attainable for people of all price points, budgets and lifestyles.”

Once completed, Megatel’s prefabricated home park in Weston will include approximately 700 homes ranging in size from 550 square feet to 2,400 square feet.

Currently, Megatel Homes has two other prefabricated home development projects underway near the Dallas suburbs of Prosper and Celina. The firm said that it is planning to expand the Golden Gate operation “extensively” throughout Texas.

Ipour added that a shortage of residential construction labor and materials is contributing to the low inventory of available homes across the nation.

“Nationwide, there are approximately 250,000 construction jobs sitting vacant and prices as well as lead times of building materials have skyrocketed, with prices of some materials increasing by more than 15 percent.”

Megatel Homes has completed more than 100 developments comprised of several thousand homes since its founding in 2006. The company currently has more than 100 communities and is spreading throughout the Dallas-Fort Worth metroplex.

Click here to visit The DI Wire directory page.


Megatel Homes to Build $800 Million Lagoon Community Near Dallas

Megatel Homes, a Texas-based homebuilder that funds part of its operations through private placements offered by its capital markets division Megatel Capital Investment (MCI), plans to develop the Bellagio Lagoon community, one of the largest residential projects in the Dallas suburb of Forney, Texas.

Once completed, the more than $800 million project will include a manmade lagoon with white sand beaches, with homes ranging in size from 1,800 square feet to 4,200 square feet and priced between $349,000 to $600,000.

In addition to the lagoon and beaches, residential amenities will include a swim-up bar, a surfing simulator machine, a dog park, playground, and splash park, as well as a restaurant and bar, an adult lounge, a teen center, and a “children’s immersive indoor play area.” Residents will also have access to a bowling area, an arcade and a home design center, the company said.

The first phase of homes at the community, which includes approximately 400 homes, is expected to be completed by April 2022. The lagoon is expected to be completed by August 2022.

Megatel co-founder Aaron Ipour said that the lagoon communities have “proven to be a game-changing asset type” for the firm.

Ipour explains that the returns and sales velocity on lagoon communities have been greater than any other development previously considered by the firm. “Due to the previous success of our lagoon communities, we expect the first phase of the Bellagio community to be sold out prior to January 2022. To date, more than 60 percent of the community has been sold.”

Megatel is currently offering incentives for realtors who promote the lagoon communities to their respective clients. Incentives include offering realtors and their families access to the community’s amenities “to ultimately better explain the benefits and amenities to their clients.”

The Bellagio Lagoon community is Megatel Homes’ third lagoon community out of the more than 100 developments the company has completed since 2006. The firm has five additional lagoons scheduled for presale this year and is currently working on plans for 15 additional lagoon communities throughout Texas, Oklahoma, Georgia, Florida, North Carolina and South Carolina.

Ipour also credits the Megatel Rent-Back Program, launched in 2019, as another factor in the demand for the company’s lagoon communities and more traditional single family home developments.

Megatel launched the program “to create a bridge between renters and homeownership.” In partnership with certain apartment communities, the program will rebate up to one year of rent payments at lease end to renters who choose to purchase a home.

Ipour adds, “The tremendous lease demand in the Texas rental market coupled with the excitement escalating around the concept of lagoon communities creates a premier opportunity for capturing the interest of renters and ultimately maximizing the conversion from renters to first time homebuyers. Due to a labor shortage from the effects of the Covid-19 pandemic, we are actively seeking to hire more talent to keep up with the booming rental market.”

Megatel Homes has completed more than 100 developments comprised of several thousand homes since its founding in 2006. The company currently has more than 100 communities and is spreading throughout the Dallas-Fort Worth metroplex.

Click here to visit The DI Wire directory page.


Megatel Homes Reports Record-Breaking Sales in May 2021

Megatel Homes, a Texas-based homebuilder that funds part of its operations through private placements offered by its capital markets division Megatel Capital Investment (MCI), reported a record-breaking month with a total of more than 300 home sales and over $120 million in gross contract sales in May.

“Recently, our focus has been on targeting the more affordable end of the housing market with higher density products…,” said Zach Ipour, co-founder.

Ipour explains that factors that have contributed to the firm’s record-breaking month include the success of the company’s rent-back program as well as the booming housing market in Texas.

“Our rent-back program has directly contributed to our success as renters search for more incentives that can help them achieve homeownership in today’s surging market. Our unique program can provide renters with up to twelve months of rent back to use towards new home purchase costs. This is a concept that no other homebuilder offers, and one that will serve as a solution to one of the biggest hurdles that would-be homeowners face. We have been investing in this program for two years and are now able to see the extraordinary results of this pioneering concept.”

Megatel Homes launched the program in March 2019 to create a bridge between renters and homeownership. In partnership with select apartment communities, the Megatel Rent-Back program will rebate up to one year of rent payments at lease end to renters who choose to purchase a home.

Ipour also emphasizes that scarce inventory and strong demand are rapidly escalating housing prices, positioning Texas homebuilders in an optimal situation.

“Demand is rapidly outpacing supply in Texas,” he said. “In fact, Ted Wilson, one of the state’s foremost residential construction experts and founder of Residential Strategies, recently reported in a Dallas Business Journal article, that Texas leads the country, by far, in new housing permits. According to Wilson, in the first four months of this year, 88,209 permits were issued for new single-family homes.”

In addition, corporate relocation is still a factor in the state’s booming housing market. Among the multinational companies that have recently relocated to Texas are Tesla, Oracle, HPE, Charles Schwab, AT&T, McKesson and PGA of America.

Megatel Homes has completed more than 100 developments comprised of several thousand homes since its founding in 2006. The company currently has more than 100 communities and is spreading throughout the Dallas-Fort Worth metroplex.

Click here to visit The DI Wire directory page.


Megatel Homes Reports Record Sales for the First Quarter of 2021

Megatel Homes, a Texas-based homebuilder that funds part of its operations through private placements offered by its capital markets division Megatel Capital Investment (MCI), reported record sales for the first quarter of 2021.

The company said that the demand for single-family housing in the Texas market has driven gross contract sales in excess of $180 million. Megatel anticipates that the housing market will remain strong for the foreseeable future.

“The current environment of the Dallas-Fort Worth housing market is like one we have never experienced before,” said Zach Ipour, co-founder. “The margin in most of our communities has nearly doubled within the last six months and we are witnessing price increases of $10,000 to $20,000 per month, on average. If four homes are sold in one week, prices increase across the board for the respective community which ultimately helps the bottom line.”

According to a recent national housing report by RE/MAX, the median home price in the Dallas-Fort Worth area is $314,900, a 14.9 percent increase from one year ago.

Ipour explains that home prices in the Dallas-Fort Worth area are constantly increasing while remaining relatively affordable compared to markets such as Austin, Phoenix, Nashville and Tampa.

“We project that the housing market will remain strong for the foreseeable future due to contributing factors such as job growth, low inventory and increased demand. Additionally, we are seeing buyer urgency increase as interest rates are increasing from historic lows within recent months.”

Ipour noted that Texas added 30,800 nonagricultural jobs during the month of January, marking the ninth consecutive month of job growth. Additionally, the unemployment rate in Texas for January 2021 was 6.8 percent, a decrease from 6.9 percent in December 2020.

The North Texas Real Estate Information Services February 2021 report indicates that new home listings were down 36.7 percent from last year, while median sales prices were up 14 percent. The report also reveals that the inventory of homes for sale in the area was down 60 percent from last year and months’ supply of homes for sale has declined by 64.3 percent.

Megatel Homes has completed more than 100 developments comprised of several thousand homes since its founding in 2006.

Click here to visit The DI Wire directory page.


Megatel Hires Senior Vice President of Sales and Operations

Megatel Capital Investment, the capital markets division of The Megatel Group, has hired industry veteran Ross Curtis as senior vice president of sales and operations.

Curtis has been active in the investment and financial planning industry since 1993. Prior to joining Megatel, he served as director of client relations and 1031 solutions at Capview Partners, where he was responsible for overseeing the Capview Exchange LLC sales process.

Previously, he spent time as a product specialist with Behringer Harvard/Provasi Capital Partners. In this role, he represented a platform of investment strategies, presenting product information and market updates to financial advisors supporting national accounts and sales.

Additionally, he served as an internal sales manager at Invesco Distributors Inc., where he supervised a team of up to 23 internal wholesalers in building relationships with financial advisors in the wirehouse and bank channels.

Curtis also served in various capacities with AIM Fund Services and AIM Distributors, where he managed the Pacific Northwest wholesaling territory. He began his career as an account executive with F.N. Wolf & Co., Inc.

“Ross is a seasoned industry veteran with an exceptional track record who will serve an instrumental role at our firm,” said Trey Hoppe, MCI’s executive vice president and managing director. “His in-depth knowledge of the financial services industry and unparalleled product management background will help to support Megatel’s strategic growth initiatives.”

Curtis holds a bachelor’s degree in accounting and information systems from Baylor University, and is a certified investment management analyst.

Megatel Capital Investment is the capital markets division of The Megatel Group, which is the parent company of MCI and Megatel Homes Inc. Megatel Homes is a Texas-based homebuilder that has more than 100 developments comprised of several thousand homes across Texas and Oklahoma. The company funds part of its operations through private placements offered by Megatel Capital Investment.

Click here to visit The DI Wire directory page.


MCI-Funded Homebuilder to Develop $30 Million Subdivision Near Dallas

Megatel Homes, a Texas-based homebuilder that funds part of its operations through private placements offered by its capital markets division Megatel Capital Investment (MCI), has secured a 116-lot subdivision for Pleasant Run Estates, a residential development located in Ellis County, south of Dallas. Once developed, the approximately $30 million development will include 116 single-family homes.

Ranging in size from 1,750 square feet to 3,400 square feet, homes in the community are priced between $230,000 and $330,000.

Pleasant Run Estates is projected to be completed within the next 18 months. Pre-selling of lots will begin in mid-March and model homes are scheduled to open by June 2021. Financing for the project was mostly provided by Megatel Capital Investment.

“Pleasant Run Estates is well-located in the Lancaster region of Ellis County where there is significant job growth and demand for quality housing,” said Zach Ipour, co-founder. “Walmart is currently building larger fulfillment centers in Lancaster in an effort to support the e-commerce growth in the Dallas market. These fulfillment centers are projected to bring more than 1,300 jobs to the area.”

Ipour explained that job growth in the Lancaster area is expected to positively affect new home sales in the newly acquired subdivision. “The opportunity to develop Pleasant Run Estates was one that we could not turn down. We are pleased to have the opportunity to develop in this growing area and to provide residents with a high-quality residential housing option with convenient access to employers.”

Megatel Homes was founded in 2006 and has completed more than 100 developments, comprised of several thousand homes, across the states of Texas and Oklahoma.

Click here to visit The DI Wire directory page.


Megatel Reports Record-Breaking Sales in January 2021

Megatel Homes, a Texas-based homebuilder that funds part of its operations through private placements offered by its capital markets division Megatel Capital Investment (MCI), reported a record-breaking month with a total of more than 200 sales, approximately $92 million in revenue in January.

“I am pleased that despite the effects of a global pandemic, Megatel Homes had a record-breaking January 2021, which followed a record year for our firm in 2020,” said Zach Ipour, co-founder. “While commercial industries have been experiencing many shortcomings from the pandemic, residential real estate has been booming in sales with the only challenge being supply not keeping up with increased demand.”

Ipour explains that corporate relocation to Texas is one of the main factors which contributed to the firm’s record-breaking month.

“The pro-business and research environments, attractive tax rates, regulatory climate, workforce, and access to global markets are just a few reasons why several companies have recently relocated to the state. In fact, according to Adriana Cruz, executive director of Texas Economic Development and Tourism for Governor Greg Abbott’s office, the office currently has 196 active relocation or expansion projects in the pipeline.”

Among the multinational companies that have recently relocated to Texas are Tesla, Oracle, HPE, Charles Schwab, AT&T, McKesson and PGA of America.

Ipour also emphasizes that more companies are embracing employees working remotely amid the pandemic, leading to a decrease in the importance of commuting to work.

“Buyer priorities have shifted in terms of living situations, and more people are moving out of large cities and into more rural parts of the Dallas-Fort Worth area,” he said. “Additionally, the shelter-in-place orders that were put into effect during the pandemic enhanced the importance of living situations for most people.”

The company also pointed to current 30-year mortgage rates at a record low of 2.73 percent. “This low rate coupled with scarce inventory, low interest rates and strong demand are rapidly escalating home prices, placing home builders in an optimal situation to increase revenue,” added Ipour.

Megatel Homes was founded in 2006 and has completed more than 100 developments, comprised of several thousand homes, across the states of Texas and Oklahoma.

Click here to visit The DI Wire directory sponsor page.