As Sears continues to struggle to stay afloat, a real estate investment trust that bought more than 200 of its stores is seemingly thriving. Seritage Growth Properties, a spinoff company created to convert former Sears and Kmart stores, bought 235 of of the retailers’ stores three years ago. The company plans to convert a store in Hicksville, Long Island, into a 600-unit apartment complex, and another in Santa Monica, California, into “creative” offices. And a […]
source https://therealdeal.com/2018/08/28/sears-may-be-struggling-but-its-real-estate-is-thriving/
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