Selling a 42 unit portfolio to 1031 exchange into a 100 unit Apt Complex

[Stephen Jones]

BP,

I have a multifamily portfolio of 42 units. When I begin my real estate journey, my goal was always to scale my business and scale is as quickly and as wisely as I could. I now have an opportunity to scale my number of doors and I would just like a little advice on people who have had experience with selling their portfolio in exchange for a larger/bigger asset. My current portfolio does well, is in good locations (I would say B areas) and operates just fine. It consists of a 12 unit, 16 unit, 8 unit and a 6 unit. All nearby each other with the exception of the 8 unit property. Rent roll is good, not any huge expenses that I've had to deal with etc. 

The asset that I am currently looking at is in a town that isn't the very best, but not the very worst either. With that being said, it is on the outskirts of town, next to a major highway, fast food, grocery store in backyard, you can spit on Wal mart from there, across the street from a nice gym, etc. It is a property that a multifamily real estate investor dreams of (An actual apartment complex). It has its own office, laundry facilities, BBQ grills around the perimeter, etc. The exterior of the property is also extremely well kept. It consists of 1 beds, 2 beds, and 3 beds. I am yet to enter any of the units as we are still in the early stages of the process, but from what Ive seen from the numbers so far, they seem to run right. 

I know the information I've gave you today is fairly brief, but I just wanted to see if anyone here on BP has had an experience like this on this big of a scale? If not, any feedback or advice would be greatly appreciated! Thank you!