Hawaii Reserves. Farms, ranches, pastures, orchards and other agricultural lands under church ownership stretch horizon to horizon, with tens of thousands of contiguous acres in many cases. Commonly titled as the Church of Jesus Christ of Latter-day Saints, the Mormons have business investments in radio stations, insurance businesses, cattle ranches, amongst many others. Mormon David Neeleman founded JetBlue in 1999, though it was called NewAir at the time. Dr. Huber has a distinguished career in venture capital and entrepreneurship and 19 years of experience in the development of optical communications systems. Is Aldi grocery affiliated with the church? compare the sales numbers of the listed companies against the sales numbers of those small companies and then tell me again that they should be listed in a grouping of power house businesses owned by Mormons.. You people who mention those types of businesses should be on this type of list TRULY NEED to find employment outside of the state of Utah for a few years to realize that the world is much larger than the bubble of Happy Valley.. Young Living recorded 1 billion dollars in sales for 2016. Its cattle operations brand it among the largest beef suppliers to the McDonalds restaurant chain. You forgot InstaFire. 1-800-Contacts began when Jonathan C. Coon, an advertising and public relations student at BYU, created a small business selling contact lenses to his fellow students. Can Mormons work in casinos? Huntsman Corporation, founded by Mormon Jon Meade Huntsman, Sr., is an American multinational manufacturer of chemical products. Zions Bank is a division of Zions Bancorporation, N.A. Make your Inbox more interesting with Moroni Channel. There is no "the Mormon Church" and never has been. A total of 146 hedge funds tracked by Insider Monkey reported having stakes in Mastercard Incorporated (NYSE:MA) as of the end of the third quarter. Its in Salt Lake City, Utah. That bothers some members and nonmembers alike. Do you read stories online just so you can make negative comments? The Mormon Global Business Empire Holy Holdings. One church-backed project in the Mormon-settled suburb of Mesa, Ariz., could be dubbed City Creek South. Disclosure: None. One of the expensive Malls in America, City Creek Center is owned by The Church. In media, the Mormon church owns Deseret Digital Media, a company that produces content for its multiple website properties and oversees their operations. The churchs office, residential and retail towers rise up and down the East and West coasts. Still, the sheer scope of church-held domestic real estate yields mind-stretching numbers. This includes, he added, providing for the welfare and humanitarian operations of the church; providing for religious worship (chapels, temples, missionary offices, educational centers and efforts and more); and preserving a sacred religious site or its surroundings and enhancing the character of the local community., Andersen said the global church follows the Saviors teaching that we should be good and faithful stewards over the sacred donations that come from his followers (Matthew 25:14-21). Glenn Beck has been a devoted Mormon for over ten years. (J. Matt | Special to The Tribune) Property owned by The Church of Jesus Christ of Latter-day Saints in Laie, Hawaii, clockwise from top: The Laie Hawaii Temple; the campus of BYU-Hawaii; a shopping center on Kamehameha Highway; and the Polynesian Cultural Center. The database documents farm holdings worth at least $2.3 billion, with notably huge sections of it in Nebraska, rural Montana, Florida, Texas and Utah. USUs Mason said investing in land fits the churchs conservative buy-and-hold values in protecting its investments born of the churchs financial difficulties in the 1950s and 60s. Here are some of the companies included in the list: Moroni Channel is one of the leading independent religious media based in Utah, USA. hotels. The church also owns a complex in Austin and another in Minnetonka, Minn., both valued at over $40 million. On the Mormon Newsroom website, the church lists five specific purposes of the for profit companies: Providing buildings or places of worship for members around the world. I boycott ALL Mormon associated companies. The LDS Church 42-acre Polynesian Cultural Center on Oahu, Hawaii, features daily luaus (except on Sunday), an Island Buffet, seven simulated Polynesian villages, Samoan tree-climbing lessons, Tahitian spear-throwing lessons, and more. A church subsidiary called AgriNorthwest recently outbid a Bill Gates-owned company with an offer of $209 million to buy Easterday ranch properties in eastern Washington out of bankruptcy. 6. Hedge funds were cutting their stakes in Meta Platforms, Inc. (NASDAQ:META). For this article, we scanned Ensign Peak Advisors 13F filings for the third quarter of 2022 and picked the top 15 positions of the fund. The companies are: Real. This includes purchasing, holding and operating farms and other real estate properties as investments as a part of the churchs reserves.. Also known as, Honolulu, Pacific News broadcasts local news about Honolulu. 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 faiths 1830 founding. Mormon Nolan D. SkyWest Airlines. And its unclear from these records how income from these church-owned properties might be taxed. Mormon Nolan D. Archibald is a well-known business man who served as chairman of the board, president, and CEOof Black & Decker. The continental breadth of the faiths holdings is also astounding. In terms of acreage, the properties listed though likely undercounted and undervalued exceed several estimates by scholars of the faiths domestic landownership. For the official Church website, visit ComeUntoChrist.org. With an over 4% dividend yield, COP is a solid dividend payer, which also increased its payout in November last year. Here are 10 power-house businesses owned, founded or headed by LDS people. Generally, businesses that serve the church or its members directly for religious or service purposes are non-profit companies. Donate to the newsroom now. The total value of these stakes was $13.9 billion. This report also confirmed that the church does not have any stock in Coca-cola, Pepsi-cola, or Starbucks. 2021 Bennett Communications | 424 W. 800 North, Suite 201 | Orem, UT 84057 | P: (801) 802-0200 F: (801) 801-0248, 10 power-house businesses owned by Mormons. As a part of the Mormon Churchs holdings, Beehive Clothing produces huge sums because of its clothing line. The alphabet was created when Google was restructured, making it the parent company of Google and its former subsidiaries. In Fayette, New York, Joseph Smith, founder of The Church of Jesus Christ of Latter-day Saints (also known as the Mormon Church), organizes the Church of Christ during a meeting with a small group . Thermo Fisher Scientific operates in four segments: Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics and Laboratory Product and Biopharma Services. Andersen, the church spokesperson, pointed to the Philadelphia and Mesa projects as examples of the faiths investments enhancing the character of a community. Insurance. Franklin Covey Co. was founded in 1997 and is based in West Valley City, Utah. Over the years, dozens of Mormons have made significant contributions to business and started their own corporate power houses. Cloud, Fla. From thousands of acres of farmlands to thousands of places of worship and from shiny commercial enclaves in urban centers to flowing fields in swelling suburbs, a newly released list shows The Church of Jesus Christ of Latter-day Saints owns U.S. properties valued at nearly $16 billion and ranks the Utah-based faith among the nations top private landholders. After Smith's death in 1844, the movement split into several groups following different leaders; the majority followed Brigham Young, while smaller groups followed Joseph Smith III, Sidney Rigdon, and James Strang. Most notably in various tech companies, including Apple, Google, and Microsoft. Of course Glenn Beck needs to be included! Is entering a contest gambling? Agriculture. `. This additive occurs naturally, it is truebut never in food. Last year, a church subsidiary bought a 200-room Residence Inn by Marriott on Maui for nearly $100 million. Information shared are subject to our Privacy Policy. Here is what Stewart Asset Management has to say about Mastercard Incorporated (NYSE:MA) in its Q3 2022 investor letter: We invest in businesses with strong, resilient earnings growth which are less cyclical. Thanks for the nice list. JPMorgan Chase & Co. (NYSE:JPM) recently announced zero-emissions targets by 2050 for three more sectors in its financing portfolio aviation, iron & steel, and cement. His blessings are for the care of the soul. Because God rewards faithfulness with power, position, wealth, and influence. The churchs legacy in the Beehive State has given it somewhere around $5.3 billion yes, a third of the overall value in the database in land across the state, including at least $3 billion in property stretching from Ogden to Provo. The report said that David A. Nielsen, the whistleblower who revealed the multi-billion dollar secret of the Mormon Church, was of the view that the church should be transparent about its finances. The Mormon church, as an entity, owns a surprising amount of stocks and shares in several companies; in fact, their portfolio is estimated to be worth billions of dollars as of 2020. What companies does the LDS Mormon Church own? They work! Virtually all state laws define illegal gambling as having three basic elements - prize, chance and consideration. Roney served as a mission president in France from 2012 to 2015. It seems like it is saying we used to allow pornography, but now we dont? No part of this content or the data or information included therein may be reproduced, republished or redistributed without the prior written consentof the Publisher & Moroni Channel except in the case of brief quotations embodied in critical reviews and certain othernoncommercial and church uses and purposes permitted by copyright laws. It is a principle given with a promise spoken by the Lord Himself for the blessing of His children. Most of these everyone has heard of for years and years. Amazons the worlds largest technology company specializing in e-commerce, artificial intelligence, cloud computing, and digital streaming. GTRPLR, maybe you dont list your name because your comments are so ignorant. DOTERRA SHOULD HAVE been on the listIt a remarkable company whose mission is help others be healthier and wealthier using therapeutic grade essential oils. Ensign Peak Advisors has a $547 million stake in the second-biggest payment processor in the world. Or was he merely spreading the Gospel while making millions doing it? as well as other partner offers and accept our, Alex Tai/SOPA Images/LightRocket via Getty Images, Visit Business Insider's homepage for more stories, The Wall Street Journal reported this month, Registration on or use of this site constitutes acceptance of our. Mormon David Neeleman founded JetBlue in 1999, though it was called NewAir at the time. Examples in Philadelphia (including a 30-plus-story apartment tower across the street from a temple), Chicago (a 40-story residential tower in the South Loop) and other cities offer distinct echoes of the mixed-use development model found at City Creek Center, with its stores, restaurants, condominiums and apartments near Salt Lake Citys Temple Square. Providing education. Members of The Church of Jesus Christ of Latter-day Saints are known for being honest, philanthropic, goal-driven, successful people a perfect combination for business success. Ensign Peak Advisors had a $40 billion stock portfolio at the end of 2019, SEC filings show. Also in the finance area, it owns Ensign Peak Advisors, an investment advisory firm. However, the company recently said that its profits in Q4 were expected to take a hit due to lower prices. Im staying at a Wyndham this weekend and couldnt remember if it was LDS based. It was initially meant to fly businessmen from St. George to Salt Lake City, and after some struggles, the company expanded across the western United States. one more the best products in the market when it comes to natural products.KYANI. Orson Hyde [1] A British church member named James Howells preached in Germany in 1840, but he was not an official missionary of the church. I know everyone wants to make money but what the heck. Walmart Inc. (NYSE:WMT) has increased its dividends consistently for the last 49 years. Look what they are doing for the community of Hamilton Missouri. Many cattle ranches are owned by the Church in the western United States, including Deseret Ranch, which is located on the Utah-Wyoming border with about 200,000 acres. Vaccine and healthcare products maker Johnson & Johnson (NYSE:JNJ) is also among the biggest holdings of the Mormon Church. ALDI and Trader Joe's don't share the same parent company, have no joint ownership, and are independently operated. Mormon Church leaders may have kept its size a secret for years out of fear it would discourage donations known as tithes, The Journal reported. I appreciate this article. Huntsman, who has served as an area seventy and president of the Washington, D.C., Mission, is currently executive chairman of the company, which did$12.723 billion in revenue in 2014. And this tally excludes huge church landholdings internationally. Dont forget Bruce Jessen, whose company, Mitchell Jessen & Associates, designed enhanced interrogation techniques (a menu of 20 enhanced techniques including waterboarding, sleep deprivation and stress positions described as sadistic and terrifying) for the CIA and was paid $80 million. On an article published by LDS Daily they revealed Church owned companies, and that the church owns and manages two different types of businesses non-profit and for-profit. Head northward to the farthest tip of Maine, a state where the church holdings surpass $24 million, and youll find a three-acre lot and meetinghouse in the far northern border city of Caribou in Aroostook County. he was known to sit on the back row of his companys planes, Utah Valley Magazine makes brief appearance on 'Studio C' Season 6 premiere, Provo School District weighing offer to sell Provo High. Patrick Mason, head of Mormon history and culture at Utah State University in Logan, called the $15.8 billion total a staggering sum., It helps us appreciate just how remarkably successful the church has been over the past half-century or more, Mason said, in transforming itself from a local, Intermountain West-based sectarian religion to one that really is pervasive throughout the United States.. This land portfolio would represent about a third of whats in Ensign Peak, which is only part of the churchs investment holdings. He tries to keep his wealth on the down low and has done a good job by not making this list. Its a mediator of electronic transfer of funds visa debit, visa, and prepaid cards across the globe. The church owns the Beneficial Financial Group, formerly the churchs life insurance arm known as the Beneficial Life Insurance Company but now focused on financial services. If you deny it happens you would be a blatant liar. While the governing First Presidency has said the church takes seriously the responsibility to care for the tithes and donations received from members and has insisted it complies with all applicable law governing our donations, investments, taxes and reserves, the faith discloses little about its extensive financial activities. Its holdings include acres assessed for use as island resorts, hotels, airports, golf courses, amusement parks, theaters, vineyards, warehouses, truck stations, funeral homes, health clubs, mines and cemeteries. Bonneville International Corp. is the churchs broadcasting company, and it has about 10 radio stations, as of 2015, that it owns and operates in Salt Lake City, Los Angeles, Seattle and Phoenix. Netherlands. Amazing. A whistleblower recently exposed Ensign as one of the world's biggest funds, ranking alongside SoftBank's Vision Fund in terms of assets. There is one hospital in SLC, still called LDS hospital. For nothing! You Mormons are something else arguing over all this. Some people feel better about paying for knowledge that they would turn away if it was offered as a gift thinking they smell a rat in the wood pile. Dont you have some LuLaRoe outfits to go corrdinate>. Real Estate. I have heard people criticize Stephen Covey for the same reasonsI dont like him cuz hes making millions by selling Book of Mormon ideas The way I see it whatever it takes to spread the message and help others be better, happier people makes the world a better place. By clicking Sign up, you agree to receive marketing emails from Insider And the findings emerge when many Latter-day Saints and church observers are already agog at other recently reported multibillion-dollar figures associated with the faiths wealth. Again, I say thank you and I plan on living up to mine. Exxon Mobil Corporation (NYSE:XOM) has gained about 61% over the past 12 months. I have a kindly suggestion for most of the individuals who wrote in. Lessons Ive Learned On My Journey Of Faith As An LDS Entrepreneur, Utah Sen. Orrin Hatch Announces Retirement, With Speculation Focused On Romney, Church Gospel Contents Now Available in Amazon and Google AI Speakers. Taken together, church properties on the Truth & Transparency list would cover about 1.3 million football fields, spread over at least 3,120 cities and towns and sparser rural areas in all 50 states and the District of Columbia. Over the years, dozens of Mormons have made significant contributions to business and started their own corporate powerhouses. Mastercard Incorporated (NYSE:MA) shares have gained about 13% over the past six months. The Mormon church is a non-profit organization and does not engage in business activities. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. There also were. When he became president and CEO in 1986, he was the youngest CEO of a Fortune 500 Company at age 42. He is much more than an entertainer. GET OVER YOUR SELF. Its owned by the church itself and is a media and broadcasting company. It is, therefore, free of influence by any government or corporate interests. I find your remarks very offensive, uncharitable, and judgmental. I know first hand, I have lived in Utah (thanks to my parents) all my life as a Non-Mormon and have felt the sting of religious discrimination my entire life here. While the list is not complete, it nonetheless shows church lands in every state, just about every sizable metropolitan area and big blankets of territory in between. These holdings are heavy in metro regions throughout the rapidly growing South and West just as the U.S. economy is primed with high demand for new homebuilding. Mormon in America: JetBlue founder on going from missionary to entrepreneur. Frankly, some members ought to study the doctrine a little better. 1. The Church has a $533 million stake in JPMorgan Chase & Co. (NYSE:JPM) via Ensign Peak Advisors as of the end of the third quarter of 2022. The Mormon Church holdings are in or are owned by the Church are as follows: JetBlue is Americas seventh-largest airline, particularly classified as one of the major low-budget airlines in the country. JPMorgan Chase & Co. (NYSE:JPM) is the most popular bank stock among elite hedge funds. The Salt Lake Tribune, Inc. is a 501(c)(3) public charity and contributions are tax I did not know some of these companies were owned by LDS people, and Im sure there are many more. The owner is Catholic and is not owned by an individual. The Church of Jesus Christ of Latter-day Saints owns the Deseret Management Corp., which is the church's holding company with such diverse businesses in its portfolio as a publishing company, a TV station, a newspaper and radio stations. Agreedall LDS should living/teaching concepts from scriptures Nothing wrong with that. This week (July 28, 2017) our daughter-in-law attending a LulaRoe convention in California where over 20,000 sales reps attended. I never could understand if they dont want their members to drink this beverage why sell it. ToMessenger, NO DOTERRA does NOT us GMOs, you are a liarunless you can prove it, stop spreading lies. [Read more: How the latest data on the LDS Churchs landholdings came to be.]. Today, the company is headquartered in Orem and employs over 1,000 people. With regard to print, the church owns Utahs oldest daily newspaper, titled Deseret News, which has been continually published since 1850. Church leaders have said the reserves are a rainy day fund to help support global operations and guard against credit crunches, stock slides and recessions. It is believed that the largest farm owned by the Church of Jesus Christ is the 312,000 acre ranch in Florida where cattle are raised. He is currently serving as president of the Provo Utah Temple. Everybody has a religion, unless they are promoting they are Mormons for some reason. [The churchs] decision to invest in our downtown sent a great signal to the rest of the smart investors that said, Well, gee, if theyre doing it, thats a sign that its got potential.. Some of the companies in their portfolio include major names like Microsoft, Amazon, Walmart, Mastercard, and Bank Of America. The original ALDI (at the time, Albrecht Diskont) opened back in the early 1900s as a single German grocery store. She lives in Utah county with her husband and three children. SkyWest Airlines was created when Mormon Ralph Atkin, a lawyer in St. George, Utah, purchased Dixie Airlines in 1972. Nor is it clear what income is generated by its commercial properties, including substantial leasing income from office and retail tenants. Tickets cost anywhere from $35.95 to $228.95. (John Raoux | AP) A sign for the LDS Church-owned Deseret Ranch offices in Deseret Ranch, Fla., in 2015. Chad Pomeroy, a law professor at St. Marys University in San Antonio, wrote a 2019 article decrying a lack of financial transparency required of the church, given its tax-exempt status as a religion and a relative lack of financial reporting for all churches in the U.S. The Mormon Churchs biggest positions also include Americas biggest bank. The Blackstone Group is the majority owner of Ancestry. Each Marriott hotel room has a Bible as well as a copy of The Book of Mormon, and in 2011, the company announced that pornography would not be offered as entertainment in new hotel rooms. 64% of the shares of Coca-cola are owned by over 1,400 different groups and individuals. Thermo Fisher Scientific continues to see organic growth in the high single digits with acquisitions increasing their overall portfolio composition and gaining market share.. AgReserves Inc., Deseret Cattle and Citrus Ranch, and Farmland Reserve, Inc. are part of its welfare distribution system.Welfare resources are distributed by local bishops but maintained by the Presiding . It manufactures kitchen and home appliances, accessories, and hardware. Insurance. Marriott International was founded by Mormon J. Willard Marriott and is now led by his son, Bill Marriott. Bain Capital was founded in 1984 byMormonMitt Romney and two other partners, T. Coleman Andrews III and Eric Kriss. Access your favorite topics in a personalized feed while you're on the go. What company does the Mormon Church own? The Church of Jesus Christ of Latter-day Saints does not appear on the list of Coca-Cola's top institutional stockholders. What of the hundreds of thousands of faithfulness 3rd world saints who pay their tithing but will never be able to to enjoy a Marriott hotel room? Good job for these people and I know others small but very good companies and good products like Do Terra oils. City Creek Centre comprises an open-air mall, residential buildings, offices, and simulated creeks. In Alaska, the faith owns several multimillion-dollar properties in Anchorage and even a small lot in the North Pole, a town in the Fairbanks North Star Borough. SkyWest Airlines No matter how many the author included, there would be more that he did not include, but if I wanted to read a book I would buy one! I was born into the Mormon Church. The Mormon Churchs huge investments in the US stock market remained a secret for several decades. Moroni Channel is an independent media based in the United States of America. Based on acreage, agriculture makes the church one of the nations largest holders of farmland and ranchland and the countrys largest nut producer, centered on expansive orchards in Northern California. Dont forget David Stirling CEO of DoTerra Essential Oils. Try kind words. But in the last few years Ive been going all the time. ; Albany, Ga.; and Modesto, Calif. (where the church just announced plans to build a temple). Wonder if he paid the Church for using its materials for making money? They amassed Tesla Inc. (NASDAQ:TSLA) shares during the third quarter of last year. He is my Hero standing for truth and God. To GTRPLR, God rewards faithfulness to His commandments with peace of mind and eternal life. It was so well attended that they ran out of food for the participants! Thank you David Neeleman, J. Willard, Alan Ashton, Jonathon Coon, Mitt Romney, Romney Coleman, Nolan Archibald, Stephen R. Covey, Hyrum W. Smith, Jon Meade Huntsman Sr., Ralph Atkin, Blake Roney, Glenn Beck and everyone else who is living up to their full measure. At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. He launched a new Brazilian airline called Azul in 2008. JetBlue Mormon David Neeleman founded JetBlue in 1999, though it was called "NewAir" at the time. The companies in the article are household names. Generally, businesses that serve the church or its members directly for religious or service purposes are non-profit companies. They are living up to their full potential and it reminds me to do the same. The faith is now Floridas biggest landowner, controlling well above 2% of its landmass, including an enormous collection of pasturelands outside resort-rich Orlando called Deseret Ranches and a recently acquired expanse of hundreds of thousands of forested acres in the Panhandle. Mormons are a religious and cultural group related to Mormonism, the principal branch of the Latter Day Saint movement started by Joseph Smith in upstate New York during the 1820s. From an humble start in 2008 to now, they have surpassed 1 billon on sales, no sales direct company has accomplished such success. sltrib.com 1996-2023 The Salt Lake Tribune. Maybe the approvers were the same who brought us food grown from seed that has been injected with foreign material from other speciesya think? [You can search for U.S. properties owned by the LDS Church here. Deseret is the oldest publishing newspaper in Salt Lake City, Utah. Glen Beck is an entertainer. And that doesnt even begin to include all the charitable endeavors he orchestrates or his tireless efforts to try to unify all Christian faiths to come together in a common cause to save our country and turn hearts back to God. That portfolio, managed by Ensign Peak Advisors, the churchs investment arm, is currently reporting in federal filings a stock account above $52 billion. He has others run his business and charitable organizations. Your email address will not be published. Why dont you think outside the box a little. There are different advantages to both, depending on the purpose. Today, it has a fleet of 341 aircraft that fly to 189 destinations. She blogs at www.breannaolaveson.com. Bonneville Distribution Distribution for TV & radio stations that broadcast Mormon Tabernacle Choir and LDS General Conference, Deseret Digital Media Website management company, Deseret News Publishing News publishing company, Deseret Book Co. Religious goods retailer and distributor, The Pacific Business News News outlet servicing Hawaii, Hawaii Reserves Hawaii real estate holding company, Laie Water Company Provides water to all of Laie, Laie Shopping Center 72,000 square feet of shopping and services, Many other commercial & residential properties, Property Reserve Inc Real estate holding company, Utah Property Management Associates Real estate management company, Beneficial Tower 20 story office building, World Trade Center 366,696 square foot office building, Deseret News Building 9 story office building, Eagle Gate Plaza 11 story office and parking structure, Key Bank Tower 27 floor office building, Social Hall Plaza 6 floor office building, Triad Tower 3 buildings totaling 48,502 square feet, Zions Bank Building 18 floor commercial office building, 139 E South Temple 38,192 square foot office building, JC Penney Building 15 floor commercial office building, Ensign Plaza South 75,000 office building in Ogden Utah, Regent Street 47,970 square foot office building, Orpheum Office Plaza 24.682 square foot office building, McIntyre Building 11,065 square foot office building, Gateway Tower West 19 floor commercial building, 40 East 100 South 37,089 square foot office building, Deseret Book Building 48,612 square foot office building, Brigham Apartments Apartment building in downtown Salt Lake, Colonial Court Apartments Apartment building in Ogden Utah, City Creek Landing Apartment building in downtown Salt Lake, West Temple Apartments 8 story apartment building in downtown Salt Lake, Garden Apartments Apartment building in downtown Salt Lake, First Avenue Apartments Apartments in Salt Lake City, City Creek Center 700,000 square foot mall in downtown Salt Lake, Lake Park Corporate Centre 260 acrea mixed use development, Highbury at Lake Park Mixed use development in West Valley, Utah, 1600 Vine Street Complex Mixed use development in Philadelphia, Pennsylvania, Temple Square Hospitality (Catering Company), Beneficial Financial Group (Insurance and Financial Services Company).