1031 Exchange into a Delaware Statutory Trust

[Rosalie DiPietro]

Doing research on a 1031 Exchange of a four family building in NYC into a DST (Delaware Statutory Trust). The property is currently deeded to a Trust.

Would like any guidance, feedback, pros and cons, etc. from anyone who has experience in this type of transaction.

Thanks!

[Bill B.]

You can sell the trust's asset and exchange in to a DST in the trust's name. Just be aware that you will have zero control over operations or the sell date. In a yer or maybe 3 or 5, they could sell and you would be forced to do another 1031 with almost no notice in to a market that may be less favorable.

If you're sick of having any control over the asset you could look at a NNN property or I BELIEVE you can do a ONE time exchange in to a reit or reit like product but it's stuck theee for the eta of your life.

Reach out to @Dave Foster. He’ll have the answer you’re looking for.