The transaction is closed as Phase II of a delayed exchange. Give us a call, send us an email or fill out the form below and see how hard we can work for you!A tax deferred exchange is a simple strategy that involves "exchanging" one "like kind" property for another for a deferred tax gain treatment. Step 1: While contemplating the sale of an investment property, contact 1031 Pros. Real estate assets must adhere to "likekind" property criteria to qualify for a 1031 exchange in the state of Arizona. The exchange documents must be signed PRIOR to your closing. Only properties that are used for business or as an investment can qualify for 1031 exchange. Private residences are not qualified.