homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


print  email to a friend  reprints add to mydjc  

June 27, 2017

Buffett buys 10% of real estate firm

OMAHA, Neb. (AP) — Warren Buffett's company is spending $377 million to pick up 9.8 percent of a real estate investment trust called Store Capital.

The Scottsdale, Arizona, based real estate firm announced Berkshire Hathaway's investment on Monday.

Berkshire bought 18.6 million shares of Store Capital Corp. for $20.25 per share in a private placement sale.

Store Capital's stock jumped nearly 11 percent to $23 after the investment was announced.

Berkshire is a conglomerate based in Omaha, Nebraska, that owns more than 90 companies, including Berkshire Hathaway Home Services.




Email or user name:
Password:
 
Forgot password? Click here.