Questions Regarding DSTs and 1031

[Jason Mak]

Hello All - have a few quick questions about DSTs for 1031 exchanges.

1. Does the specific DST property or DST company need to be identified within the 45 days on the replacement property form?

2. Can you exchange out of a DST? I.E. buy a DST. If the DST sells the property (or if you find a buyer for your fractional share), can you exchange that fractional share to a regular property? (I.E. can you exchange into a DST and then back into a regular property)

Thanks

Jason