Seritage Growth Properties (SRG) Reports Q2 Loss of $0.23

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Buffett's Berkshire offers loan to owner of former Sears properties

July 31, 2018 7:04 PM EDT

By Trevor Hunnicutt

NEW YORK (Reuters) - Billionaire Warren Buffett's Berkshire Hathaway Inc is loaning up to $2 billion to the company that owns some of what used to be some of Sears Holdings Corp's (NASDAQ: SHLD) best real estate.

A subsidiary of Buffett's conglomerate, Berkshire Hathaway Life Insurance Company of Nebraska, is offering what is known as a term loan facility to a New York-based real estate investment... More