
Seritage Completes $131 Million Property Sale

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Seritage Growth Properties completed the sale of its Aventura, Florida property for $131 million, using the proceeds for a $130 million prepayment on its $1.6 billion loan, reducing debt and interest expenses. Analysts rate SRG stock as Hold with a $5.40 target, while TipRanks' AI Analyst rates it Underperform due to weak financials and bearish technicals. Current market cap is $194.9M.
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