Do I need to eSign a new PPM for a 1031 exchange?

[Adriel Cisneros]

The sponsor has opted to 1031 exchange into a succeeding property upon sale. 

However, my investment is roughly 43K which meets the Min investment requirement for the new Syndication but I am not sure it meets the tenancy-in-common (TIC) requirements.

Will a side letter be required to include joint and control rights in the new Operating Agreement?

The reason for the inquiry is when I received the new PPM, it did not already include the proceeds from the sale of the original property.