The Church of Jesus Christ of Latter-day Saints has been steadily acquiring commercial real estate across the United States through holding companies and subsidiaries, according to a Bloomberg investigation. The properties span multiple states and include retail, office, and residential developments.

The Church's real estate portfolio operates through Deseret Management Corporation and affiliated entities. The scale and scope of the acquisitions have drawn attention to the Church's extensive business operations beyond its religious mission. Bloomberg documented property purchases in markets outside traditional Mormon strongholds like Utah.

The Church does not publicly report the full extent of its commercial real estate holdings or business revenues, though some properties are visible through local property records.