Seritage Growth Properties (SRG)

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Seritage Growth Properties (SRG): Warren Buffett Bought WHAT?

This spinoff REIT isn't nearly as troubled as its parent, and could be a stock to watch in coming months

By Charles Sizemore


Leave it to Warren Buffett to keep us guessing.

The Oracle of Omaha just reported an 8% stake in Seritage Growth Properties (SRG) — a real estate investment trust spinoff of struggling old-line retailer Sears Holdings (SHLD).

SRG owns a portfolio of 266 Sears properties, some of which it owns via joint ventures.

But it’s essentially a dumping ground for Sears real estate and a vehicle for Sears Chairman Eddie Lampert, to extract as much value as he can from a sinking ship.

This spinoff REIT isn't nearly as troubled as its parent, and could be a stock to watch in coming months

Source: Sizemore Capital

http://investorplace.com/2015/12/serita ... mzC1fl96M8