1031 Exchange - Possible to extend?

[Kevin Lisewski]

Hi all,

Is anyone else currently in the middle of a 1031 exchange? Looking for options to extend the timeframe. We are under contract on one property that will use half the value of the 1031, and are considering our options for what to do with the other half.

I see there is something called "Revenue Procedure 2007-56" where the 45 and 180 day periods can each be extended by 120 days in the event of a natural disaster - curious if this applies to our current state of events?

Appreciate any feedback.