Possibly. For the purposes of reporting the exchange on Form 8824, you could combine totals for multiple properties given/received.
When you set up each of the new rental properties, however, you need to calculate the Deferred Cost Basis of each separately and enter each of them separately. This is the hard part, especially if cash/loans are involved separately for the properties, and in your case, several properties to deal with.
Once you have the fair market value of each property you can divide the value of each property by the total to arrive at the percentage. Then use that rate against the basis of the property you gave up (on the day you gave it up) and any extra cash you paid for the property or reduced by any cash out to arrive at the depreciable basis for each property. Keep in mind that the depreciable basis does NOT change. It transfers to the property or properties you received and continues on like you always owned the property received.
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