1031 from 1 relinquished to 3 replacement with additional ownership

[Janki Patel]

I have a partnership (1065) selling the property and 1031 into 3 different replacement properties. Can the selling partnership own 50% into the new properties and another partnership own the other 50%? All the cash from 1031 will be invested and the valuation of the 3 new properties is more than the replaced. 

[Joe Vesey]

Yes, if your partnership remains intact (how you sell is how you have to buy), and you structure it is tenants in common with the new ownership on the replacement properties.  You would each own an undivided 50% interest as tenant in common.  Your 50% value would need to be equal to or greater than the value of your relinquished properties (same with the debt that was paid off if any) @Dave Foster can provide more guidance.  Good luck