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Sears Unlocking Real Estate Value through REIT Offering, New Joint Venture

Retailer Seeking to Raise $2.5 Billion Lifeline from Real Estate

Sears became the latest retailer seeking to tap into the real estate value of its stores. As part of a multi-faceted turnaround plan, Sears Holdings Corp. has filed a rights offering to form a real estate investment trust - Seritage Growth Properties - with a goal of raising $2.5 billion.

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