The funds in this case were likely held in their individual name, and a death, bankruptcy, or other could affect the ability to close out and complete the 1031 exchange.The safety and protection of exchange funds should be of utmost importance, which is why you should always work with a qualified intermediary that has some sort of regulatory oversight; not just an internal audit or something, but real regulatory oversight with an outside, independent regulatory audit. 

.🔑 Our Current Focus:Portfolio Growth: Acquiring and stabilizing 100+ units by year-end in the Texas, Oklahoma, and Las Vegas markets.Model Expansion: Developing a turnkey investment platform to serve international investors.Strategic Partnerships: Building relationships with investors, private lenders, and operators who are committed to sustainable, win-win real estate solutions.I welcome connections with fellow investors, lenders, and strategists who are interested in collaboration or sharing insights.

An internal political revolution?

I agree that it seems like your strength of current knowledge resides in the development side so yeah, find a local developer to intern with to learn the ins and out of the business. 

They don't like you (that's just figurative, they have no idea who you are, but the may be messed up internally) 

REPS and an international portfolio is a powerful combo!

The way REITs are structured nowadays, more than 90% of them are internally managed, eliminating the inherent conflict of externally managed REITs, and aligning the interests of management and shareholder to a much greater degree.  

I just came across these posts looking for information on international investing, creative financing and working as a home based estate agency in the UK.

Stability is a plus, but make sure you're comfortable managing any internal family dynamics that could impact your property or complicate rent collection.2.

@Nick Farrow we've had international clients go down this path.Typically two options for financing:1) DSCR at 65% LTV2) Try to find an Australian bank with offices in the US,OR the reverse, a US bank with offices in Australia.