Some thoughts on the Dallas based hospitality REIT spanning across two separate pieces.
“How do you make money? Spin-offs, split-ups, liquidations, mergers and acquisitions.” – Mario Gabelli
As the name attempts to imply, Seritage Growth Properties (NYSE: SRG) is a Maryland incorporated, self-administered and managed real estate investment trust (REIT) which only recently (July 2015) spun-off from its long-time parent – Sears Holdings Corp. (NASDAQ: SHLD). Something which could not come soon enough as the public offering raised slightly over $1.6 billion for the cash-strapped big box retailer, somewhat easing its liquidity constraints at least for the time being.
As contributed to Seeking Alpha
Here ye’ here ye’ proud to announce i am now officially a Fool (Contributor/Analyst for
@themotleyfool) But some already knew that;)
Tis’ the first in a five part series on Welltower, Inc. – the largest public healthcare REIT and the second largest in the US overall: http://goo.gl/qhw65P
Thought the above scanned image from Charles Mackay’s 1841 print of Extraordinary Popular Delusions and the Madness of Crowds would be apt for this piece.
For those that personally know me, i am sound a lot like a broken record about now, as i have harped on about the Northern (Canadian) residential real estate market being distorted since at least 2012 (see here), so for those friends, acquaintances and skeptics alike who have not heard this before, i am going to play a “bubble card” and elucidate on a favorite topic once more for all to see – solely using organized, sourced facts and figures as per below: