The Narthex Newsletter

Stay informed on the latest insights, property trends, and partnerships shaping the future of church spaces.

Caleb Bachman Caleb Bachman

Narthex One Newsletter – Q3 2025

“Narthex celebrates the successful sale of St. James Church, delivering a 14.16% IRR and an 86% return on equity. With new offers on Grace Paseo, progress at Mission Southside, and the upcoming Nebraska Ave. Church acquisition, the portfolio continues to thrive. Nationally, Narthex is expanding its mission through new Lease-to-Own and Loan Guarantee programs, empowering churches to achieve lasting ownership and financial stability.”

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Caleb Bachman Caleb Bachman

Narthex One Newsletter – Q2 2025

“Narthex continues to champion bold, creative approaches to church growth — proving that declining churches don’t need to shrink, they need to innovate. With new collaborations, steady property performance, and the introduction of the Narthex Impact Fund portfolio, we’re turning church property into purpose and helping ministries reimagine what’s possible.”

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Caleb Bachman Caleb Bachman

Narthex One Newsletter – Q1 2025

“This spring, Narthex launches its new Storytelling Program to highlight powerful stories of God at work across our churches and communities. With exciting tenant transitions, strong property performance, and continued collaboration throughout the Narthex network, the season ahead is filled with growth, gratitude, and shared purpose.”

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Caleb Bachman Caleb Bachman

Narthex One Newsletter – Q4 2024

“Narthex enters 2025 with strong momentum — launching a new strategic plan to reach 100 churches in seven years, completing the first acquisition in the Narthex Impact Fund, and celebrating major growth at City of Truth Church. With multiple property sales underway, the year ahead looks bright.”

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Caleb Bachman Caleb Bachman

Narthex One Newsletter – Q3 2024

“Narthex launches the new Narthex Impact Fund in partnership with the Impact Foundation, marking an exciting new chapter of growth and charitable investment. With new acquisitions underway, continued sales activity, and a renewed commitment to community impact — including a Habitat for Humanity donation — the future looks bright.”

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Caleb Bachman Caleb Bachman

Narthex One Newsletter – Q2 2024

“It’s been a smooth and steady quarter with all properties performing well. Restore Community Church plans to purchase St. James, while Grace Paseo and Blue Ridge Trinity enter new transitions. Despite a property tax challenge in Johnson County, Narthex remains strong and adaptive as we continue to learn, grow, and serve our partners.”

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Caleb Bachman Caleb Bachman

Narthex One Newsletter – Q1 2024

“All good news this quarter — renovations at Lady of Lourdes are complete, City of Truth has taken occupancy, and all funds are now fully invested. With rising demand, new in-house brokerage capabilities, and a thriving portfolio, Narthex continues to lead a transformation in how churches approach real estate.”

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Caleb Bachman Caleb Bachman

Narthex One Newsletter – Q4 2023

“As renovations wrap up at Lady of Lourdes and occupancy begins, Narthex is turning its focus toward strategic property sales. Despite high interest rates, the church real estate market remains strong, tenants are current, and demand continues to grow—signaling another promising year ahead.”

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Caleb Bachman Caleb Bachman

Narthex One Newsletter – Q3 2023

“Despite a few property challenges, demand remains strong and our tenants are thriving. Providence School secured a $50,000 grant, Blue Ridge Trinity is under contract for sale, and new metrics show our churches now operate at 98% occupancy—up from just 41% before Narthex. Real progress worth celebrating!”

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Caleb Bachman Caleb Bachman

Narthex One Newsletter – Q2 2023

“The second quarter delivered steady performance across all properties, with strong revenue from Cornerstone Church and renovations at Our Lady of Lourdes progressing on schedule. While a few tenant deals fell through, demand remains solid, maintenance costs are below budget, and Narthex continues to position its portfolio for long-term strength and stability.”

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Caleb Bachman Caleb Bachman

Narthex One Newsletter – Q1 2023

“The first quarter marked Narthex’s busiest yet, highlighted by the acquisition of Our Lady of Lourdes—the sixth and final property in the Narthex One portfolio—and a surge of new tenants across multiple locations. With steady demand, growing partnerships, and thriving activity among Christian groups, Narthex continues to expand its impact and serve a vital role in the community.”

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Caleb Bachman Caleb Bachman

Narthex One Newsletter – Q4 2022

“Narthex closed 2022 with the acquisition of its fifth property, Cornerstone Community Church, and is set to finalize its sixth, Our Lady of Lourdes Catholic Church. With new tenants ready to move in and strong demand continuing into 2023, the portfolio remains healthy and full of opportunity as Narthex concludes Narthex One and looks ahead to the future.”

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Caleb Bachman Caleb Bachman

Narthex One Newsletter – Q3 2022

“The third quarter brought steady performance and strong momentum, with all properties thriving and rent escalations boosting returns. As more large church properties come to market, Narthex continues to see high demand for space, new leasing successes, and growing opportunities ahead—including the upcoming close of Our Lady of Lourdes and preparations for Narthex Two.”

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Caleb Bachman Caleb Bachman

Narthex One Newsletter – Q1 2022

“The first quarter brought strong momentum with the acquisition of Grace Paseo Church, a new agreement for Metro Church of Kansas City, and growing interest in our Partnership Program. With new leases, expanded community connections, and a clear vision of becoming a one-stop marketplace for church real estate, Narthex continues to grow and create meaningful opportunities for churches and partners alike.”

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Caleb Bachman Caleb Bachman

Narthex One Newsletter – Q4 2021

“The fourth quarter was seasonally slow but productive, as we invested in key acquisition opportunities and strengthened our team by hiring our first pastor, Blake Fortner, to serve as a connector with local churches. Despite a few challenges, Narthex remains optimistic heading into 2022, exploring new partnerships and creative strategies to expand our mission and steward each property faithfully.”

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Caleb Bachman Caleb Bachman

Narthex One Newsletter – Q3 2021

“The third quarter brought excellent results for Narthex, with all properties performing as anticipated and continued high demand for space. We welcomed three new partners through our Management Agreement program, advanced discussions with Impact KC and Lionheart Academy, and are preparing to begin quarterly distributions thanks to strong portfolio performance and positive cash flow.”

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Caleb Bachman Caleb Bachman

Narthex One Newsletter – Q2 2021

“The second quarter delivered excellent results for Narthex, with our portfolio performing as expected and key tenants renewing and thriving. We finalized our new Management Agreement and tax FAQ for churches, advanced a promising acquisition in Overland Park, and avoided a costly misstep thanks to thorough due diligence—continuing our commitment to growth, stewardship, and service to our partners.”

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Caleb Bachman Caleb Bachman

Narthex One Newsletter – Q1 2021

“2021 is off to a very good start for Narthex. With the successful acquisition and full lease-up of Blue Ridge Trinity Lutheran, and the launch of our Champions and Management Agreement programs, we’re expanding opportunities for churches and partners alike. These initiatives are creating win-win-win solutions—helping churches generate new revenue, tenants find new homes, and Narthex continue to grow its impact.”

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Caleb Bachman Caleb Bachman

Narthex One Newsletter – Q4 2020

“In short, we have more demand than spaces available. One of our goals for this year is to identify more properties for acquisition before they come to market.”

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