Prior to the adoption of the Company’s Plan of Sale, Seritage was principally engaged in the ownership, development, redevelopment, management, sale and leasing of diversified retail and mixed-use properties throughout the United States. As of December 31, 2024, the Company’s portfolio consisted of interests in 17 properties comprised of approximately 1.7 million square feet of gross leasable area (“GLA”) or build-to-suit leased area and 274 acres of land. The portfolio consists of approximately 0.9 million square feet of GLA and 166 acres of land held by 10 wholly owned properties and 0.8 million square feet of GLA and 108 acres of land held by seven unconsolidated entities.

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.