Despite high-profile church bankruptcies like the Crystal Cathedral in Garden Grove, CA—and maybe, in part, because of such foreclosures and bankruptcies—there’s an uptick in the religious real estate market in the Southeast and beyond.

Here are a few recent examples: In October, Crosspoint Christian Church snapped up the Grace Baptist Church Building in Cape Coral, FL for $800,000. That’s $400,000 less than it sold for in 1983. In August, Redeemer Evangelical Church of Memphis purchased a building and some land from Episcopal Diocese of West Tennessee for $2.45 million. Unity Church of Fort Lauderdale sold its 2,800-square-foot church campus to Our Lady of Lebanon Maronite Catholic Church for $2.4 million in the same month. The list goes on and on.

All this is a stark turnaround from a year ago, when headlines suggested religious real estate can be a tough sale. Now, there’s so much action in the religious real estate market in the Southeast and across the country that brokerage groups specializing in this niche are growing. Orlando-based CNL Religious & Educational Real Estate, for instance, just added real estate veteran Chris Bury to lead the company’s West Coast operations. And CNL’s Orlando operations are also reporting strength.

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