The simple answer is that pooled investments cannot invest using a 1031 exchange because the owners are required to be the same for both the purchase and the sale. So, if you are part of a syndication, you generally cannot make another purchase using a 1031 unless every member and their contributions hasn’t changed. But, there are a couple ways to invest using a 1031 exchange and also have a pooled investment structure. Alternately, you can invest using what’s called a TIC, or tenants in common. With this structure, you can invest alongside other investors and use a 1031. Alternately a Delaware statutory trust, or DST, is also an acceptable structure for investing using a 1031 exchange.