1031 Exchange ideas needed

[Marina Kedrub]

I am selling a triplex in Berkeley, CA and looking for ideas to avoid tax gain through 1031 exchange. Given how rough the multi-family market is in the Bay Area I am not ready to invest my proceeds into another building. I am looking for more creative ways to roll the proceeds into (perhaps in different geography and may be different type of real estate).

Are there any real estate funds that I can buy a share of in order to (1) complete 1031 exchange and (2) be able to have tax benefits associated with owning real estate such as deducting depreciation and expenses from joint tax returns?

Thank you!