1031 into Private Lending?

[Troy P.]

Hypothetically, if one was planning an exit strategy from LTRs into more passive investments, what are the options?  I understand you can exchange into a syndication, but are there any other options?  Is it possible to exchange into a private lending fund or does it have to be real property?  I believe I answered my own question but I can't seem to find cut and dry answers to point me in the right direction.  Is there a resource with a comprehensive list of possibilities?  TIA

[Dave Foster]

@Troy P., Great answer of your own question :). Yes it has to be real property.  But somethings like Delaware Statutory Trusts, Oil and gas royalty programs, company managed condotels, and things like that can qualify and still be pretty passive.  The confusion is because there is no list.  And sometimes things that don't act like real estate are actually...real estate.  Like Bill boards or ground leases of more than 30 years.  Or deeded boat slips.