What properties does the Mormon church own?
What properties does the Mormon church own? Found in the church's portfolio — along with the expected meetinghouses and temples — are office towers, shopping centers, residential skyscrapers, cattle ranches and high-mountain timberlands worth hundreds of millions of dollars.
Is the Mormon Church the largest landowner in the US?
Even this partial portfolio would make the church — with nearly 7 million members nationally and more than 16.6 million worldwide — the fifth largest private landowner in the U.S., according to The Land Report, which tracks holdings among some of the nation's wealthiest families.
Why do Mormons own so much land?
The notion of owning land as a financial safeguard against devastation, both personally and at a community level, has remained deeply embedded in Mormon culture almost since the faith's 1830 founding.
How much property do the Mormons own?
With those caveats, their findings indicate the church owns at least 1,754,633 acres across 15,963 properties, with a minimum market value of $15.7 billion.