# 1031 Exchange and DST Investing Basics

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Text version: https://stenobird.com/podcast/real-estate-development-land-to-legacy-6969242/1031-exchange-and-dst-investing-basics.md
Podcast: [Real Estate Development: Land to Legacy](https://stenobird.com/podcast/real-estate-development-land-to-legacy-6969242)
Published: 2026-02-19T05:00:00+00:00
Episode link: https://www.giscompanies.co/podcast
Audio file: https://injector.simplecastaudio.com/11514f26-346d-4826-b988-80bd260e53c8/episodes/50dcba90-d463-411f-9d0b-be18746ba6a9/audio/128/default.mp3?aid=rss_feed&awCollectionId=11514f26-346d-4826-b988-80bd260e53c8&awEpisodeId=50dcba90-d463-411f-9d0b-be18746ba6a9&feed=gTibmt4u
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Duration seconds: 2211

## Resource

Ashley Romiti breaks down how a 1031 exchange can help real estate investors defer capital gains and depreciation recapture, and why many sellers choose to roll into DSTs to simplify ownership and pursue more passive income. She and Eugene Gershman walk through the real-world 45-day identification and 180-day closing timelines, common pitfalls that can derail an exchange, and what proper due diligence looks like when evaluating DST sponsors and deals. The conversation also covers where 1031s and DSTs can fit for developers, how DST rules impact strategy, and how investors think about long-term exit planning.

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## Transcript

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