Last year, the largest purchase of industrial real estate in Miami-Dade County, Florida, totaling $174.3 million, was made by the Mormon Church.
According to Miami HeraldThe Utah-based Church of Jesus Christ of Latter-day Saints (LDS) has purchased six warehouses on property in Hialeah, Florida, just north of Miami International Airport.
The Miami Herald confirmed the sale through several sources, including real estate records. The LDS Church’s investment arm, Property Reserve, purchased the 1.3 million square foot site from Codina Partners.
We do not yet know exactly what the Church intends to do with this immense property. When contacted by Scripps News, Property Reserve said it “does not comment on this transaction.”
According to a report from The Salt Lake TribuneThe Church is already one of the largest private landowners in Florida, controlling more than 2 percent of the state’s territory, with a ranch in central Florida and a timber property in the Panhandle region.
The LDS Church is one of the largest private landowners in the United States, with properties valued at nearly $16 billion. The Salt Lake Tribune reported in 2022.
In addition to houses of worship and temples, the LDS Church owns office towers, shopping centers, skyscrapers, ranches, and timberlands in all 50 states and Washington, DC.
The Mormon Church is a Christian denomination with more than 17 million members worldwide. The Church emphasizes a family-centered lifestyle that follows the fundamental doctrines outlined in the Bible and the Book of Mormon and is led by those it believes to be modern prophets within the Church. . own words.
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