1031 Into Passive Investment Through TIC?

[Paul V.]

1031 exchanges have been interesting to me, although, outside of a DST, they still require active management.

I received an invitation from a well regarded real estate developer to 1031 exchange into an acquisition they are doing. This is made possible by them setting up a Tenants In Common (TIC) structure.

Has anyone done this before? Looking forward to hearing your experience.