SEEDAMERICA CONTINUES TO RAISE $100M ENDOWMENT AND RELOCATES HEADQUARTERS TO ATLANTA, GA

Released on = July 9, 2007, 12:30 pm

Press Release Author = SeedAmerica

Industry = Real Estate

Press Release Summary = National Real Estate Endowment Company expands corporate
team and offer increased service to underused commercial property owners

Press Release Body = ALPHARETTA, Georgia, July 9, 2007- SeedAmerica, the leading
501(c)3 organization in the utilization of the 561 Exchange for the transfer of
underused commercial real estate, announced that it is making 'steady progress'
toward their $100 million goal in endowment funding for their future business
college. SeedAmerica intends to use the funds to build a state-of-the-art business
college to train business leaders and entrepreneurs. Additionally, as part of this
plan, the company has relocated its headquarters from Perrysburg, OH to Atlanta, GA.

SeedAmerica is a national real estate endowment fund that focuses on acquiring and
managing commercial real estate assets. As the move of American manufacturing
overseas continues cause more industrial buildings to close across the Nation,
SeedAmerica is providing a welcomed solution to the question of what to do with
these empty spaces.

The 561 Exchange program, taken from Publication 561, is an IRS sanctioned
transaction that allows property owners the opportunity donated property, in
exchange for a cash benefit in the form of tax savings, for the owner, usually
exceeding the cash benefit of selling the property at list price.

Joe Johnson, SeedAmerica's founder and CEO, said, \"The market\'s demand for the 561
Exchange and employing the assistance of an organization that understands it better
than any other, has led to our expanded staff of professionals. We concluded that
the relocation was a sensible and prudent path to ensure continued growth.\"

SeedAmerica's staff now consists of a full inside sales team and regional
acquisition managers, an expert staff of real estate research specialists,
valuations and financial professionals. SeedAmerica offers a unique business model
in that they commit to carry acquired properties for a minimum of 3 years,
protecting the seller from risk of reduction of their cash benefit. SeedAmerica 's
561 compliance and appraisal review quality assurance set them apart from other
501(c)3 organizations that receive donated property only to turn them around in a
quick sell for profit. SeedAmerica's 561 Exchange partners consistently praise them
for their expertise, ease of transaction and higher appraised values than waiting
for a conventional sale to take place.

Chris Zimmerman, SeedAmerica's President of their Real Estate division, stated,
\"SeedAmerica is in a unique position because it has a proven process on a government
sanctioned program, at a time when many business leaders are seeking solutions to
the swelling carrying costs of maintaining underused and empty commercial property.
When you couple this with the fact that SeedAmerica, as an organization, is focused
on offering a solution to the problem of underused properties, providing economic
development potential to communities and soon, educational resources to business
leaders, the benefits become quite compelling for everyone.\"

Commenting on the relocation and expanded staff, Johnson said, \"I am extremely
excited about our future partnerships and the opportunity that lies ahead for
SeedAmerica. The company not only has the right service, at the right time, for the
replacement market, but it also has the right service offering for the growing small
to medium business market place and community, nationwide. We are looking forward to
working with the SeedAmerica management team to build a truly great company.\"

About SeedAmerica

SeedAmerica is a 501(c)3, 561 compliant non-profit organization specializing in the
acquisition and transfer of underutilized real estate, while maximizing tax and
income benefits for corporations.

For more information about SeedAmerica, visit www.seedamerica.com







Web Site = http://www.seedamerica.com

Contact Details = 5445 McGinnis Village Place, Suite 105
Alpharetta, GA 30005
678-762-1737
info@seedamerica.com

  • Printer Friendly Format
  • Back to previous page...
  • Back to home page...
  • Submit your press releases...
  •