What fraternities own their houses?

[Firehouse]

Most nationals do not want to own property in the national name. When you see a reference that such-and-such a fraternity "owns" so many millions of dollars in housing, they're likely refering to the total value of property owned by the individual chapter house corporations. Most large nationals have a real estate arm to provide professional assistance and loans to local house corporations. No large national owns all their housing. Many don't own property at all.