1031 Limited Partner

[Matt Maranz]

New to real estate and just invested as a LP in an industrial property. GP's goal is to sell the property after 5-7 years. When it's sold, can I as an LP use it as part of a 1031 exchange?

Thanks.

[Alex Olson]

@Matt Maranz Yes you can. You own real estate. When it sells you will have 1031 money available depending on how your GP arrangement works. But, you can speak with @Dave Foster to better confirm. I would recommend putting your money into a cash flowing market as a GP yourself to give you more control but LP is always an option.