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Sears Unlocking Real Estate Value through REIT Offering, New Joint Venture

Sears Unlocking Real Estate Value through REIT Offering, New Joint Venture

Sears became the latest retailer seeking to tap into the real estate value of its stores. As part of a multi-faceted turnaround plan, Sears Holdings Corp. has filed a rights offering to form a real estate investment trust – Seritage Growth Properties – with a goal of raising $2.5 billion. [read more]
Source: CoStar GroupPublished on 2015-04-01

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