NZ,
I am one that generally shares the viewpoint that when being critical of JWs we arent held to the same standard as any other human being in their way of communicating. If even just one word in our statement seems off, a JW is going to latch on to that, and use it to discredit everything else that was said.
So now lets discuss the semantics. WT is in the business of false hope and religion at the cost of normal social constructs and freedom of thought. They also happen to ENGAGE in business in real estate.
To put this in context, they just netted close to a billion tax free dollars from the sell off in new york, and who knows how much from other smaller consolidations (with more to come). I happened to meet with a large real estate fund manager who ran a company doing consulting and building on anything from high rises, apts, and hotels, to single family homes. His fund was about 100 million, including gobbling up some smaller companies along the way.
WT has completed some of the largest real estate transactions seen over the last few years. Their assets are quite extensive. That puts them in the real estate business. Maybe it is just a,side hustle.......but its definitly real.