Seritage Growth Properties (SRG) Files Form 4 Insider Buying : Bruce R Berkowitz Buys 17,300 Shares

Seritage Growth Properties (SRG): Bruce R Berkowitz , 10% owner of Seritage Growth Properties purchased 17,300 shares on May 13, 2016. The Insider buying transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were purchased at $45.19 per share for a total value of $781,021.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 12, 2016, Edward S Lampert (other) sold 9,200 shares at $53.63 per share price.On Apr 8, 2016, Bruce R Berkowitz (10% owner) sold 11,150 shares at $51.27 per share price.Also, On Mar 17, 2016, John Mcclain (director) purchased 200 shares at $43.49 per share price.

On May 4, 2016, Seritage Growth Properties announced a cash dividend of $0.2500. The company’s management has announced Jun 28, 2016 as the ex-dividend date and fixed the record date on Jun 30, 2016. The payable date has been fixed on Jul 14, 2016.

Seritage Growth Properties is a real estate investment trust (REIT). The Company conducts its operations through Seritage Growth Properties L.P. a Delaware limited partnership. The Company’s principal offices are located at 3333 Beverly Road Hoffman Estates and Illinois 60179. As of March 31 2015 the Company did not generate any revenue.

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