James Wootton

Brief Profile

I arrange major gifts of commercial real estate for churches, typically utilizing 80% cash to seller, plus 20% tax deduction for seller.

Full Profile

As a commercial Realtor doing 1031 exchanges for more than 30 years, James B. Wootton has completed many millions of dollars of tax advantaged partial gift real estate transactions for his nonprofit and church real estate clientele and has developed a particular expertise with it. Mr. Wootton has written a book on that subject, which can be viewed in its entirety, for free, online at www.books.google.com by entering the title which is “Real Estate Gift”. He is the inventor of United States patent number 8,175,951, upon which the above system is based. Biography: James B. (Jim) Wootton holds a Bachelor of Science degree in Business Administration from the Finance Department of the College of Administrative Sciences at The Ohio State University. Since his graduation he has pursued the study of economics with Harvard University Extension School of Cambridge, Massachusetts. He is a graduate of the Realtors Institute. Engaged in commercial real estate brokerage since 1973, He has negotiated many major property transactions for churches and other nonprofit organizations, including some of the larger transactions in the State of Ohio. Prior to Establishing Standard Corporation, Realtors in 1999, Mr. Wootton was an investment specialist for RE/MAX Commercial and the commercial division of Century 21 Joe Walker. In this position, he counseled buyers, sellers, landlords, tenants and investors on how to best realize their long-term real estate goals. He developed an extensive knowledge of the market, inclusive of all product types, such as investment, industrial, retail, office, multi-family and vacant land. He was responsible for managing external professional resources including sales & leasing agents, construction project managers, property managers, attorneys, architects, and engineers during the development, acquisition and disposition of real estate for his clients. Mr. Wootton is a member of the Ohio Business Brokers Association (OBBA), and for nine years was a registered representative with the N.A.S.D. As a business broker he arranged the sale of Workwell Company NKA Volk Protective Products, a leading manufacturer of gloves, to a company headed by Donald Kelley, former chairman of Beatrice Foods. Mr. Wootton, acting as a finder in cooperation with First Boston Corporation, initiated two American Stock Exchange company mergers, both for Snyder Oil Partners, now a division of Devon Energy Corporation (NYSE:DVN). Jim has served for more than 20 years as a board member of both The Kiwanis Club of German Village and Teen Challenge of Columbus. Since 1999 he has served as President and member of the Board of Trustees of American Community Fund. He was president of the Columbus Real Estate Exchangers and rose to become president of the statewide Ohio Commercial Realtors Exchange Association. He is a member of the Columbus, Ohio, and National Associations of Realtors, Columbus Commercial Industrial Investment Realtors, and the Ohio Commercial Real Estate Exchangers. Jim's areas of expertise are: Arranging major gifts of real property for his nonprofit and church real estate clients, obtaining seller financing for investment property buyers, Site selection, Investment Acquisition/Disposition, 1031 Exchange, and Auction. Existing and past clients include: First Boston Corporation, Guardian Television Network, Reliance Funding Corporation, Evangelical Lutheran Church in America, General Council of the Assemblies of God, and many other individual and institutional investors. Jim Wootton provides full consulting services for selected businesses, associations and nonprofit organizations in the continental United States to obtain either the major real estate gift for nonprofit organizations; or commercial financing for its for-profit clientele in acquisitions of commercial property or corporate acquisitions, with a $1 million minimum transaction size. Copyright © 2012 James B. Wootton Standard Corporation 8405 Pulsar Place, Suite 157 Columbus, OH 43240