b'Delaware Statutory Trust ADelawareStatutoryTrust(DST)isanunincorporatedassociation recognized as an entity separate from its owners. This is another option you can use with 1031 investors.A DST is formed by executing a DST agreement and filing a Certificate of Trust with the Delaware Department of State, Division of Corporations. Basically, DSTs are an alternative group investment structure that includes a trustee (management) and beneficiaries (investors). This structure is the only group investment structure that allows the trust to own real estate and the beneficiaries to acquire interests without recognition of gain or loss under Section 1031 of the IRS Code. TheproblemwithDSTsisthattheyareveryrestrictive.They specificallydisallowthetrusteetoengageincertainactivitiesthatare critical to most income-producing real estate, such as: 180'