Seritage is funny since the REIT is public, but Warren Buffett's Berkshire owns much (most? all?) of the secured debt. BH will get paid first at a good rate at

Seritage is funny since the REIT is public, but Warren Buffett's Berkshire owns much (most? all?) of the secured debt. BH will get paid first at a good rate at relatively low risk, while public investors really take a (highly leveraged) chance (and have been getting hosed after initially being drawn in by a high yield). I understand they're currently liquidating it, TBD if the common stock investors see anything left after BH gets paid back (and then preferred stock holders, currently trading pretty close to par) edit: REIT has been converted into a C-Corp, possibly to carry-forward losses better as it becomes not-a-Sears-property owner? https://therealdeal.com/new-york/2022/07/08/seritage-growth-properties-looks-to-sell-off-all-assets/ https://therealdeal.com/new-york/2022/07/08/seritage-growth-...