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Learning Center
Understand the exchange before the clock starts.
A 1031 exchange runs on a 45- and 180-day clock, and the best decisions are made before it begins. These plain-English guides cover how exchanges and Delaware Statutory Trusts actually work — the mechanics, the tradeoffs, and the risks — so you can ask sharper questions of any sponsor or advisor.
1031 Exchange Basics
Start here: how the exchange works and the deadlines that govern it.
1031 Exchange Basics
What is a 1031 exchange?
A 1031 exchange lets an investor defer capital-gains tax by reinvesting the proceeds of a sold investment property into another like-kind property. He…
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1031 Exchange Basics
The 1031 exchange timeline: 45 and 180 days
The two deadlines that govern every delayed 1031 exchange, the three identification rules that decide how many replacement properties you can name, an…
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Delaware Statutory Trusts
The passive replacement vehicle most 1031 investors use — structure, risks, and the UPREIT path.
Delaware Statutory Trusts
What is a Delaware Statutory Trust (DST)?
A DST lets a 1031 investor own a fractional, passive interest in institutional-grade real estate that qualifies as like-kind replacement property. Her…
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Delaware Statutory Trusts
DST risks and considerations
DSTs offer passivity and access, but they are illiquid private securities with real risks. An honest inventory of what can go wrong, so you can weigh …
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Delaware Statutory Trusts
The 721 exchange (UPREIT): from DST to REIT
A 721 exchange — often the second step after a 1031 into a DST — lets an investor contribute property into a REIT's operating partnership …
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Investor Eligibility
Who can invest in private 1031 replacement offerings.
From learning to looking.
Review the sponsors we track, how we measure their record, or current inventory.
Educational information only — not advice. This article is general education about 1031 exchanges and Delaware Statutory Trusts, current as of 2026. It is not tax, legal, or investment advice, and tax and securities rules are complex, fact-specific, and subject to change. Outcomes depend on your individual circumstances; consult your own qualified tax and legal advisors and verify current law before acting. Nothing here is a recommendation, an offer to sell, or a solicitation of an offer to buy any security. DST interests are illiquid securities sold only to accredited investors through a private placement memorandum, which contains the complete terms and risks; a 1031 exchange can fail to qualify for tax deferral, and loss of principal is possible. Any performance figures referenced elsewhere on this site are sponsor-reported, realized-only, and net of fees, sponsor load, and program expenses; individual tax results vary. Securities offered through Aurora Securities, Inc. (ASI), member FINRA/SIPC; content subject to registered-principal approval.