Have a 1031 exchange? Talk to Jerry.

Before you list your property is a great time. It gives us room to discuss your needs and explore the options. If your sale has already closed, we’ll start with your closing date, whether a qualified intermediary is holding the proceeds, and the time left on your exchange. That helps us understand what may still be possible.

A Delaware statutory trust, or DST, lets you own a beneficial interest in a trust that holds real estate. The sponsor and property manager handle the day-to-day operations. Properly structured DST interests can qualify as replacement property in a 1031 exchange. You get a passive ownership structure, with investment risks and limits on your control and ability to sell.

Generally, you have 45 days after transferring your property to identify replacement property in writing. You must receive the replacement property by the earlier of 180 days after the transfer or your tax-return due date, including extensions. Both clocks start with the transfer of the property you’re selling, so it helps to begin the conversation early.

In a typical delayed exchange, yes. A qualified intermediary handles the exchange agreement and holds the sale proceeds. Arrange this before closing so you don’t receive or control the money. I help with investment selection and coordinate with your intermediary. Your tax and legal professionals should review the requirements for your specific exchange.

For full deferral, you generally reinvest all net exchange proceeds and acquire replacement property of equal or greater value, after permitted adjustments. Debt paid off in the sale generally needs to be offset by replacement debt, additional cash, or a combination. Your tax professional and qualified intermediary should confirm the final calculation.

Yes. You can divide your exchange among multiple qualifying replacement properties, including DST interests, within the identification rules and exchange deadlines. That gives us room to consider different property types, sponsors, and debt levels. The mix still needs to fit your needs; spreading out your investment does not eliminate the risk of loss.

The private offerings I work with are generally intended for accredited investors. Common individual qualifying tests include net worth above $1 million, excluding your primary residence, or annual income above $200,000 individually—or $300,000 with a spouse or spousal equivalent—in each of the past two years, with the same expected this year. Other qualifying routes exist, and eligibility depends on the offering.

They vary by offering. We’ll review the minimum investment, upfront expenses, ongoing management costs, and selling compensation disclosed in the offering documents. I’ll help you understand how those charges affect the money going to work. We’ll go through the private placement memorandum and the relevant costs before you decide.

You should not count on it. DST interests are generally illiquid, and an early sale may not be possible. Plan to hold through the investment’s exit, which may take longer than the sponsor estimates. That’s why we discuss your future cash needs before deciding how much to invest.

You can lose some or all of your principal, and distributions are not guaranteed. Property performance, vacancies, debt, sponsor decisions, and market conditions can affect results. You also give up control over day-to-day operations and the timing of a sale. I’ll walk you through each offering’s specific risks, including what could make it a poor fit for you.