April 6, 2025 - 10:00
Billionaire televangelist Edir Macedo has placed his luxurious Florida condominium on the market for $14.6 million, a move that comes at a time of heightened scrutiny regarding the wealth accumulated by his church. The decision to sell the high-end property has raised eyebrows, particularly following a recent report by the Trinity Foundation, which examines the financial practices of religious organizations.
Macedo, who is the founder of the Universal Church of the Kingdom of God, has faced criticism for the opulence associated with his lifestyle and the church's assets. The report highlights the disparity between the wealth of church leaders and the financial struggles of their congregants. As public interest in the financial transparency of religious institutions grows, Macedo's decision to lower the price of his condo may be seen as an attempt to quell concerns over the church's financial ethics.
The luxury condo, located in a prime area of Florida, reflects the lavish lifestyle that has drawn attention to Macedo and his church. As the sale progresses, it remains to be seen how this will impact perceptions of the church's wealth and its leaders.
September 24, 2025 - 02:15
GSA Reverses Course on Layoffs for Federal Buildings StaffIn a surprising turn of events, the General Services Administration (GSA) is reconsidering its earlier decision to lay off a significant portion of its workforce responsible for managing federal...
September 23, 2025 - 20:23
Discovering Real Estate Investment Opportunities with RLTYInvestors seeking exposure to real estate investment trusts (REITs) may find an appealing option in the Cohen & Steers Real Estate Opportunities and Income Fund. This fund offers a leveraged...
September 23, 2025 - 02:29
Major Merger in Real Estate Services: Compass and Anywhere Real Estate Join ForcesIn a significant move within the real estate sector, two of the nation`s largest real estate services companies are merging in a deal valued at approximately $10 billion, including debt. This...
September 22, 2025 - 06:21
Historic Sale of Howe Manor Apartments in Arden-Arcade for $18.875 MillionHowe Manor Apartments, a long-standing fixture in Arden-Arcade, has been sold for $18.875 million, marking the first change in ownership since its development in the 1960s. This significant...