Vatican Reveals Global Property Holdings For First Time

Reuters reports:

Vatican City released its first real estate holding information on Saturday, revealing that it owns more than 5,000 real estate as part of its most detailed financial disclosure to date.

This information was included in two documents from the Administration of the Patrimony of the Holy Land (APSA), the 2020 consolidated financial statements and the first ever public budget.

APSA, a type of general account firm, manages real estate and investments, pays salaries, and acts as a purchasing office and human resources department. The APSA budget on page 30 shows that it owns 4,051 properties in Italy and approximately 1,120 properties abroad, excluding embassies around the world.

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