---
title: Replacement Property Interests (RPI)
description: Replacement Property Interests is equity ownership in large properties by multiple 1031 exchange investors through DST co-ownership structures.
---

[Realized 1031 Glossary of Terms ](https://www.realized1031.com/glossary)

# [Replacement Property Interests (RPI)](https://www.realized1031.com/glossary/replacement-property-interests-rpi)

 Written by [The Realized Team](https://www.realized1031.com/glossary/author/the-realized-team) | Jun 20, 2022 12:00:00 PM

Replacement Property InterestsTM is the term Realized uses to describe equity ownership in large properties by multiple [1031 exchange](https://www.realized1031.com/glossary/1031-exchange) investors through [Delaware Statutory Trusts (DST)](https://www.realized1031.com/glossary/delaware-statutory-trust-dst) and [Tenant-In-Common (TIC) ](https://www.realized1031.com/glossary/tenants-in-common-tic)co-ownership structures.

Replacement Property InterestsTM qualify as [replacement property](https://www.realized1031.com/glossary/replacement-property) for 1031 exchanges and offer passive, predictable income without landlord responsibilities. RPI’s allow [exchangers](https://www.realized1031.com/glossary/exchanger) to “size” most any exchange amount, providing flexibility to exchange into one or more 1031 exchange-eligible investment.

For instance, an investor with a 1031 exchange of $1,000,000 may elect to place $500,000 in a DST that owns an office building in Florida, $350,000 in a DST that owns an apartment complex in California and $150,000 in a TIC that owns an industrial building in Texas. In this example, exchanging into multiple RPIs would create a more diversified investment portfolio for the investor while deferring taxes by satisfying the requirements of a 1031 exchange.

[View full post](https://www.realized1031.com/glossary/replacement-property-interests-rpi)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "The Realized Team"
  },
  "dateModified" : "2022-06-20T18:49:56.910Z",
  "datePublished" : "2022-06-20T12:00:00Z",
  "headline" : "Replacement Property Interests (RPI)",
  "image" : {
    "@type" : "ImageObject",
    "height" : 627,
    "url" : "https://cdn2.hubspot.net/hubfs/733513/social-suggested-images/Realized_Glossary_Graphic-2.jpg",
    "width" : 1200
  },
  "mainEntityOfPage" : "https://www.realized1031.com/glossary/replacement-property-interests-rpi",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60.0,
      "url" : "http://www.realized1031.com/hubfs/Images/Brand/Logo/Realized/Realized-Logo-Black-No-Margin-296x60-AMP.png",
      "width" : 296.0
    },
    "name" : "Glossary of Terms"
  }
}
```