Deals
Former Sears Landlord Seritage Is Said to Consider a Sale
- Eddie Lampert currently serves as chairman of Seritage
- New York-based REIT is working with Barclays investment bank
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Seritage Growth Properties, a real estate investment trust that emerged from the Sears bankruptcy, is exploring strategic alternatives including a sale of the company, according to people familiar with the matter.
New York-based Seritage, which owns property from Alaska to Florida, is working with the investment bank Barclays Plc on the plans. Seritage is open to a full sale of the company or piecemeal disposal of assets, the people said, asking not to be identified because the matter is private.