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Lease
In a UM News commentary, church real estate consultant Rick Reinhard warned that United Methodist congregations’ property was eating away at the denomination and urged a strategy of data, analysis and options from leasing to redevelopment.
A north coast beach never turned a profit for decades under successive operators. A competitive 2015 tender brought in a new lessee, with the contractor general confirming the process was properly run.
The Greek Orthodox Church, Israel’s second-biggest landowner, sold land near Jaffa’s clock tower, 700 dunams in Caesarea for $1 million and leasehold land under 1,500 Jerusalem homes, the Times of Israel reported.
Fredericton’s Anglican diocese weighed selling two properties beside Christ Church Cathedral and building a multi-storey block with condos or rentals under a 40-year lease, warning that sale cash is often only a quick fix.
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