How are people handling beneficial ownership for a 1031 exchange account? Does it even qualify for beneficial ownership?

Thank you.

Who is the LEC in this example? Is it a title company?

Yes it is. They are all ran through the same title company.

We are getting BO info on the title company.

Nothing about this type of entity is inherently exempt from BOIP. So unless they hit another one of the exemption types, you're required to get that information.

We would also get BO information on the title company. Take a look at the "Intermediated Account Relationship" section in the link below.

https://www.gpo.gov/fdsys/pkg/FR-2016-05-11/pdf/2016-10567.pdf