SeedAmerica Acquires Coleman, WI Building

Upon acquisition, SeedAmerica takes a long-term ownership approach and will actively seek entrepreneurs to lease business space, in a community revitalization effort.

[Keith Toms]

The 561 Exchange is an industry term used to describe a transfer of real estate for tax deductions, using IRS Publication 561, which explains how to determine Fair Market Value. This is a completely legal transaction and often, corporate business owners who are holding buildings that will not sell in their list market, use the 561 Exchange as an exit strategy and have been known to obtain substantial savings in tax deductions, that can be invested back into the business. SeedAmerica is the only non-profit that I know of that handles these transactions from the point of transfer, all the way to the management of the property (which often is a boost to the community that these buildings are in). This is a good opportunity for Coleman.

[batman]

Good for Coleman