Fifty former Sears stores go to market

The REIT owns the on-average 13-acre parcels under Sears stores.

The move comes amid a tempered appetite for mall real estate.

The largest mall owners, which include Simon Property Group and Brookfield Asset Management, are also slimming down portfolios.

Seritage lost $92 million in the 12 months ending in March and saw shares drop over 60 percent last year.

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies.

…Read the full story