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More Nonprofit Groups Eye Real Estate as a Revenue Source

November 3, 2009, 1:31 pm

Nonprofit organizations are increasingly looking at their property holdings as a revenue generator, the Washington Business Journal reports, citing a survey of charities and business associations by the commercial brokerage group CB Richard Ellis.

Thirty-nine percent of respondents listed real estate as an alternative income source, up five percentage points from 2008. Professional associations were more likely to do so than charities, by a 42-36 margin.

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