not vested
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