On Thursday the Mormon Church finalized a deal that will make it the largest private land owner in the state of Florida. The Church of Latter-day Saints paid $565 million to the publicly traded real estate giant St. Joe Co., which in 2011 was ranked the second largest private land owner in Florida.
The land purchased by the Mormon Church comprises around 2 Percent of the state of Florida, clocking in at an astounding 400,000 acres in the state’s panhandle region. The purchase extends into parts of Bay, Calhoun, Franklin, Gadsden, Gulf, Jefferson, Leon, Liberty, and Wakulla counties, according to RT.
Before this purchase, the Mormon Church already owned a massive cattle ranch in Central Florida, straddling three counties southeast of Orlando.
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