The Full Truth About 1031 Replacements: Direct Property vs. DSTs

GlobeSt reported this week on the growing use of Delaware statutory trusts as a passive, fractional alternative to buying another property outright with 1031 proceeds. The deck below is a full diagnostic teardown of that choice: what a DST actually is inside the exchange, where its fee load and structural constraints differ from direct ownership, and the diligence checklist worth running before treating a DST as the easy way out of a tight 45-day identification window.