The Episcopal Church has sold a church to the highest bidder for a record $5.4 million.
The Episcopal Diocese of Houston, which has a congregation of about 500,000, is the latest in a long line of megachurches that have gone public, including the Presbyterian Church, Episcopal Church in America and the New Advent.
The church, which is in the midst of a $4 billion expansion, was built in 1875.
The congregation of 5,500 is one of the largest in the country.
It is a major church in a city where the size of the city’s population has been shrinking.
The parish is located in the downtown area of Houston.
A statement from the Episcopal Dioceses of Texas, Louisiana, and Alabama said in a statement that they are “deeply honored to receive this historic opportunity.”
“We are confident that the Episcopal Church will continue to serve the community and all people, no matter their faith,” the statement said.
The sale of the church to a private investor comes on the heels of a number of mega-purches going public in recent years.
The largest such church, the Cathedral of the Holy Cross in Rome, Italy, sold for $2.4 billion in March.
The Church of Scientology sold for more than $7 billion in October and the National Christian Foundation sold for a reported $3.8 billion in September.
The price tag of the sale is expected to exceed $1 billion, said Kevin Johnson, a real estate agent who specializes in megachurch sales.
“This church is going to be a very important piece of the history of the parish,” Johnson said.
Johnson has worked for the Episcopal church for 15 years.
“It’s just a very unique location,” Johnson told ESPN Cri.
“You really have to have a lot of connections to the church.
You have to be in the same community.”
Johnson said he is not surprised that the church was sold.
“I’m very excited to see it going,” Johnson added.
“When you look at it, it’s not a bad investment.
I think it’s going to bring some stability to the community.”
The church was built around an outdoor auditorium and auditoriums are typically reserved for church members only, with the congregation living in communal quarters.
Johnson said that the new church will include a new auditorium that can accommodate 50,000 people.
The property, known as St. Mary’s Cathedral, was originally built in the early 1900s.
The cathedral was rebuilt in 2010, and is the largest church in the world.
The Anglican Church in North America purchased the cathedral in 2000 for $4.5 million.
In 2017, the Episcopalians voted to buy the property.
The new building will house two parishes, one for parishioners and one for priests, and it will be the largest and most expensive church in Houston.
The construction will be overseen by Houston-based Trinity Episcopal, which owns the church and is owned by the Episcopal diocese of Dallas.
The diocese’s bishop, Bishop John M. Stoddard, has said the church will be “fantastic.”
“The church is an icon of our faith,” Bishop Stoddards spokesman, James R. Lippman, told the Associated Press.
“The Episcopalians believe in the importance of our institutions, and Trinity Episcopal will be a powerful anchor in the community that we all call home.”
Johnson noted that the $5,000 price tag was not unusual for the church when it was built.
“They always pay a price for the space,” Johnson recalled.
“That’s always the deal.
If you have the right land, they pay the price.
If they don’t, they will come to you and say, ‘You guys have a beautiful church.
The news of the sales comes on top of a recent report that showed the Episcopal Conference was the second-largest church in America in 2019 with $8.6 billion in assets. “
He said that for a church that is built to serve all, there are few things more important than having a church where all of its people can come together.
The news of the sales comes on top of a recent report that showed the Episcopal Conference was the second-largest church in America in 2019 with $8.6 billion in assets.
The National Baptist Convention, the largest evangelical denomination in the United States, was No. 1 with $7.8 bn in assets in 2019.