# What if you can’t find a replacement property in time for your 1031 exchange? - by Dwight Kay

Canonical page: https://sequoia-research.com/news/what-if-you-can-t-find-a-replacement-property-in-time-for-your-1031-exchange-by-dwigh-ee64c88c

Author: Sequoia Research
Published: 2026-10-22T18:23:00.067Z
Updated: 2026-10-25T00:34:11.183Z
Original source: [NYREJ](https://nyrej.com/what-if-you-cant-find-a-replacement-property-in-time-for-your-1031-exchange-by-dwight-kay)
Source published: 2026-10-22T17:40:25.000Z
Type: News
Topics: 1031 Exchanges

Writing in New York Real Estate Journal, Kay Properties founder Dwight Kay argues that pressure to complete a 1031 exchange can lead owners to overpay for replacement properties or shorten inspections and other diligence. He presents prearranged Delaware statutory trust offerings as one possible alternative to negotiating a direct property purchase under a tight deadline.

Kay emphasizes professional property management and the ability to allocate proceeds among multiple offerings. Those features do not remove exchange timing requirements or investment risk. His column also cautions that rental cash flow can disappoint and that investors must examine properties, tenants and offering risk disclosures before committing capital.

[Read the original](https://nyrej.com/what-if-you-cant-find-a-replacement-property-in-time-for-your-1031-exchange-by-dwight-kay)

## Research considerations

For exchange-related news, the practical questions often concern the transaction timeline, replacement-property requirements, financing, and the parties responsible for completing the exchange. A headline alone cannot establish whether a particular transaction meets an investor’s objectives or tax requirements.

- What transaction or policy change is actually described in the original source?
- Which deadlines, property details, and financing assumptions need to be confirmed with the relevant professionals?

This Sequoia Research summary was prepared with AI assistance from the credited source. It is not independent verification of the source’s claims. The original publisher retains authorship of its reporting; follow the source link for the complete article.

## About Sequoia Research

Sequoia Research, LLC is an independent real estate investment research firm providing analysis of Delaware Statutory Trusts (DSTs), Tenant in Common (TIC) investments, Opportunity Zone Funds, and mineral rights and royalties.

Explore our reports for property and sponsor analysis, financial assumptions, risks, and comparison scorecards. News inclusion does not imply that a report on the particular investment is available.

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