Last week, the Diocese of Sacramento obtained approval from the Bankruptcy Court to sell undeveloped cemetery property located in Riverside, California for $2,697,000.00. The net proceeds of the sale will stay with the Diocese until the case is resolved. FTI (the Official Committee’s real estate advisors), reviewed the sale process and the sale price and determined that the Diocese conducted a proper marketing process and that the sale price was reasonable. As a result, the Committee supported the sale. The Committee will continue to review all real estate sales proposed by the Diocese to ensure that the maximum amount will be available to Survivors in a bankruptcy settlement.