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Berkshire Stakes Seritage to $2 Billion Loan to Refinance Debt Ahead of Sears Store Closings

Berkshire Stakes Seritage to $2 Billion Loan to Refinance Debt Ahead of Sears Store Closings

Seritage is pursuing a number of redevelopments of former Sears stors, including a mixed-use project in downtown Santa Monica, now known as the Mark 302, in which Invesco Real Estate is a 50-percent joint owner. Seritage Growth Properties has received a $2 billion term loan from Warren Buffett’s Berkshire Hathaway [read more]
Source: CoStar Group, Inc. NewsPublished on 2018-08-01

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