Seritage Growth Properties, a real estate investment trust that emerged from the Sears bankruptcy, is exploring strategic alternatives including a sale of the company, Bloomberg News reported. New York-based Seritage, which owns property from Alaska to Florida, is working with the investment bank Barclays Plc on the plans. Seritage is open to a full sale of the company or piecemeal disposal of assets. The plans aren’t final and the company could still decide to change course. A representative for Seritage declined to comment while a representative for Barclays couldn’t be reached for comment. Prospective buyers could include private equity firms, real estate companies and former Sears Chief Executive Officer Eddie Lampert, who currently serves as chairman of Seritage, the people added. Lampert owns a 22.1% interest in the company and owns about 9.3% of the Class A shares, according to a filing last November. A representative for Lampert didn’t immediately respond to a request for comment.
