The Buyout Show with Fexingo · 2026-07-13 · 9 min
Private equity has been quietly acquiring church properties across the U.S. for years, but the pace is accelerating. In this episode, Lucas and Luna examine the case of Conscientia Capital Partners, a firm that has raised $400 million to buy and lease back churches to their congregations. They walk through the economics: a typical deal involves a church selling its building for $2 million, then paying $18,000 a month in rent under a 20-year triple-net lease. Lucas breaks down the returns - a 10.8 percent cap rate versus 6 percent on a standard commercial property - and explains why religious real estate is suddenly attractive to yield-hungry funds. Luna pushes back on the risks: what happens when a congregation shrinks and can't pay rent? They also touch on the tax implications, the role of the IRS 501(c)(3) status, and how churches are increasingly willing to offload their biggest asset to stay afloat. A focused look at one of the stranger corners of the private equity universe.
Other episodes covering the same guests and topics, from across The B2B Podcast Index.
How Private Equity CMOs Build Revenue That Increases Enterprise ValueDemand Revenue · on Private equity84 / 100
The Truth About Bootstrapping an AI Startup with David Pourquery (#80)Exit Algorithms · on Private equity81 / 100
Brian Murphy: Fundraising $25B Across 44 Funds, $73B Merger, Private Equity, Secondaries, BuffettStartup Ignition Podcast · on Private equity80 / 100
43: Organisational Health as a Growth Engine: The Q5 Approach with Olly PurnellThe Consulting Growth Podcast · on Private equity79 / 100
How Private Equity Is Rolling Up Emergency Room StaffingPrivate Equity Conversations with Fexingo · on Private equity78 / 100
651. Chad Oakley, Current State of the Consulting Market in 2026Unleashed · on Private equity78 / 100
How Private Equity Is Buying Up Franchisee Networks76 / 100Why Private Equity Is Buying Up Dental Support Organizations79 / 100How Private Equity Is Buying Up Dog Daycares84 / 100How Private Equity Is Buying Up Plumbing and HVAC Contractors79 / 100How Private Equity Is Buying Up Urgent Care Centers92 / 100