The Mormon Church bought a $174M industrial property near Miami. Why?
The biggest industrial real estate purchase last year in Florida’s Miami-Dade County, totaling $174.3 million, was made by the Mormon Church.
According to the Miami Herald, the Utah-based Church of Jesus Christ of Latter-day Saints (LDS) bought six warehouses on a property in Hialeah, Florida, just north of the Miami International Airport.
The Miami Herald confirmed the sale through multiple sources including real estate records. The LDS church’s investment branch, Property Reserve, purchased the 1.
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