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Is Seritage Growth Properties a Buy?

Is Seritage Growth Properties a Buy?

Real estate investment trust (REIT) Seritage Growth Properties (NYSE: SRG) has two very prominent backers in Warren Buffett (with his own money) and Berkshire Hathaway (via a loan). In the end, Seritage might look like a buy to you, or it might look like a stock to avoid. Roughly five years ago, troubled retailer Sears Holdings spun off Seritage Growth Properties as a way to raise some much-needed cash.