This very simply is a 1031 Tax Deferral which permits taxpayers to reinvest the proceeds from the sale of property held for investment or business purposes into another investment or business property, and defer capital gains tax that would otherwise be due on the initial sale.
Remember that every transaction is unique. Please consult with your tax or legal advisor to determine if the investments you are considering satisfy the I.R.C. 1031 “Tax Free” Exchange requirements.