OMAHA, Neb. – Billionaire Warren Buffett says he owns 8 per cent of Seritage, the real estate investment trust Sears created.
Buffett said Thursday in documents filed with the Securities and Exchange Commission that he owns 2 million shares of Seritage.
Seritage shares jumped $5.65, or 16 per cent, to $40.88 after the investment was disclosed Thursday. That made Buffett’s stake worth nearly $82 million.
The documents state that Buffett, not the Berkshire Hathaway conglomerate he leads, owns the Seritage shares.
This story corrects that Warren Buffett made the investment, not his company.