Warren Buffett’s Berkshire Hathaway Just Made a Big Bet on Real Estate

He’s targeting single-tenant real estate right now.

Store Capital, a real estate investment trust, said Monday that Berkshire Hathaway invested $377 million in the company.

That amounted to 9.8% of outstanding shares purchased at $20.25 apiece, Store Capital said in a statement. Its shares gained by as much as 11% to $23.10 in premarket trading.

Store Capital invests in single-tenant real estate for profit.

“An investment in our company from one of history’s most admired investors represents a vote of confidence in our experienced leadership team and an affirmation of our profit-center real estate investment and management approach,” said Christopher Holk, Store Capital’s CEO. He was referring to Berkshire Hathaway Chairman Warren Buffett.

Full story at Business Insider

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