Reinvesting trust sale proceeds back into same property with 1031

[Jeremy Cart]

I am a beneficiary of a 5 member family trust that owns several commercial rental properties. We are all getting up in age and looking to sell the trust assets and close the trust. An investment group wants to purchase the properties. They have offered me the opportunity to participate in their purchase (for a preferred return)  by re-investing my proceeds from the trust sale back into the same properties.

So I have 2 questions:

A. Can I do this?

B. Can I avoid capital gains and depreciation recapture of the initial sale by using a 1031 exchange or another vehicle?

Thanks,