Seritage Growth Properties
Seritage is principally engaged in the ownership, development, redevelopment, management and leasing of diversified and mixed-use properties throughout the United States. As of June 30, 2022, the Company’s portfolio consisted of interests in 150 properties comprised of approximately 19.5 million square feet of GLA or build-to-suit leased area (approximately 17.5 million at share), approximately 3.9 million of which is held by unconsolidated entities (approximately 1.9 million at share), approximately 433 acres held for or under development and approximately 9.9 million square feet of GLA or approximately 821 acres to be disposed of.
The Company was formed to unlock the underlying value of a high-quality retail real estate portfolio acquired from Sears Holdings in July 2015.
The Company’s mission is to maximize value for shareholders by repositioning the Company’s portfolio through leasing, redevelopment, formation of strategic partnerships, and other bespoke solutions.
Growth & Transformation