Taking equity in your tenants business, and 1031 exchanges.

I manage a warehouse property that is owned TIC between an LLC that I manage and own membership interest of, and a personal 1031 exchange.

During the course of leasing up the property, we have been approached to have a new tenant sign a lease, in exchange for an investment in the equipment and property's build (and probably working capital), which would give us about 50% preferred of the business. 

We would need to take out a mortgage against the property to make the investment. 

Could this new equity interest be attached to a 1031 exchange, allowing me to defer the total value from the property and the equity if I sell it, and possibly defer again? 

Interested in your thoughts on the situation.