1031 exchange tenants In common question

[Sam Edgin]

Hello everyone. So I want to purchase a trailer park with a partner. We would be going into the property as tenants in common and both have 50% ownership. My question is pertaining to what happens when we decide to sell this property. What happens if we decide to sell the property and don't plan on reinvesting the money together. Can we go our separate ways and still defer capital gains tax if we were to do our own 1031 exchange with the portion of the property we own? does this make sense?