Tuesday, November 3, 2009

Survey: More nonprofits view real estate as revenue

Posted by Ka Lee Angel Lee

More nonprofits are looking at their real estate and seeing dollar signs, according to a national survey by CB Richard Ellis.Nearly 300 association and other nonprofit executives that make decisions related to their facilities were surveyed.This year, 39 percent of respondents considered real estate as an alternate source of income, up from 34 percent last year. That increase is likely linked to the economic strain nonprofits are facing, said the report.This year, more 501 (c)(6) organizations (42 percent) said they were looking at real estate as a revenue strategy compared to 36 percent of the 501 (c)(3) organizations.

click here to

1 comment:

  1. This is really interesting that nonprofits are looking at real estate as a source of income, it seems like everyone else in America is losing money on their real estate investments

    -Christina Dove