Seritage Growth Properties, the real estate investment trust that took over hundreds of Sears and Kmart properties for redevelopment, is getting another dozen as part of a fresh agreement to terminate the master leases as more stores go out of business.
Seritage Lets 12 Sears, Kmart Stores Out of Leases
REIT Formed From Property Spinoff Expects $5.3 Million Penalty and to Defer Other Rent Payments
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