Fractional ownership structures continue to attract a wide cross-section of investors to the commercial real estate sector. : Dr. Steve Rogers of Falls Church, Va. is four years into his first fractional real estate investment, and he couldn’t be happier. The former veterinarian sold his business and the building it was housed in when he retired. Rather than paying a steep tax bill on the capital gain, he opted to roll his $1 million into a 1031 tax-deferred exchange. He didn’t have to look far for advice. His brother Louis Rogers is the founder and CEO of Capital Square 1031.