Billionaire investor Warren Buffett has taken an 8.02% stake in Seritage Growth Properties Inc., the real-estate company split off from Sears Holdings Corp. earlier this year.
Mr. Buffett disclosed in a regulatory filing Thursday that he has bought 2 million shares in Seritage, a passive stake. At Wednesday’s closing price, the stake would be valued at about $70.5 million.
The filing didn’t detail what he plans to do with the shares. Mr. Buffett took the stake personally, not through his company, Berkshire Hathaway Inc.
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