How to minimize taxes when dissolving partnership

[Clark Harbaugh]

We are starting the process of dissolving our investment business (LLC) that has two partners. We know we have to sell 1 property, but the rest will probably be distributed equally. My question is when we sell the property, is there a way for each partner to individually defer the capital gains tax? Normally we'd use a 1031 exchange, but since the cash of that property is going to be split, I wasn't sure what our options are.