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Sears Holdings Corp also said in April it plans to spin off 254 shops into a real property investment trust next month, which it estimates will raise $2.5 billion and alleviate some liquidity considerations.
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It appears that evidently it could now be a mere tenant of W.P.
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Throughout Macy's first quarter earnings name on Could 13, Chief Monetary Officer Karen Hoguet addressed the corporate's actual property technique, suggesting that some estimates valuing its assets have been executed "over simplistically." In line with its final annual report, Macy's property has a guide value of $7.8 billion.
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