Warren Buffett Takes 8% Stake In Sears' Real Estate Spin Seritage Growth Properties

Warren Buffet has taken a 8% stake in Seritage Growth Properties, a collection of real estate 235 real estate properties recently spun off from struggling retailer Sears. The REIT began trading in July and comes at a time when companies ranging from MGM Resorts MGM -2.65%, to Darden Restaurants DRI +0.00% and Macy M -2.78% have been pressured by investors to separate their owned real-estate from their operating businesses.

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