Sears liquidation would cost landlord Seritage half its rent income

Chicago Tribune
Sears liquidation would cost landlord Seritage half its rent income

A Sears liquidation would cost its real estate spinoff 47 percent of its annual rent income, or about $84 million in cash flow, according to regulatory filings. Seritage Growth Properties, a real estate investment trust, was created in 2015 by Sears Chief Executive Officer Eddie Lampert to be the property