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Orion1972

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Orion1972

Re: Scotttrader80 post# 30087

Monday, 02/25/2019 10:28:05 AM

Monday, February 25, 2019 10:28:05 AM

Post# of 37346
There is something else of interest in the letter

"In 2015, Sears and Kmart completed a significant step in the redeployment of our real estate assets. In July, we completed a Real Estate Investment Trust (REIT) transaction, which created Seritage Growth Properties. Currently, Seritage owns 255 properties that are leased to Sears Holdings. Almost all of these properties are operated by either Sears or Kmart, and many lease space to third-party retailers like Whole Foods and Primark. These third-party retailers have driven new traffic and customers to our properties and we expect future tenants will have an even greater impact."

See if you can find it?

Citation
https://searsholdings.com/invest/chairman
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