Seritage Growth Properties Enters Material Definitive Agreement

TL;DR

SRG signed a big deal, details TBD.

AI Summary

On September 2, 2025, Seritage Growth Properties entered into a material definitive agreement. The filing does not provide specific details about the agreement's nature or any associated dollar amounts.

Why It Matters

This filing indicates a significant new contract or partnership for Seritage Growth Properties, which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — The lack of specific details in the filing creates uncertainty about the nature and implications of the material definitive agreement.

Key Players & Entities

• Seritage Growth Properties (company) — Registrant
• September 02, 2025 (date) — Date of earliest event reported
• September 08, 2025 (date) — Date of report

FAQ

Key Financial Figures

• $0.01 — hares of beneficial interest, par value $0.01 per share SRG New York Stock Exchan
• $131.0 million — e price for the sale of the property is $131.0 million less a credit for unpaid leasing costs
• $5.0 million — signing of the PSA, the Buyer posted a $5.0 million earnest money deposit which is non-refu

Filing Documents

• srg-20250902.htm (8-K) — 44KB
• 0000950170-25-113584.txt ( ) — 175KB
• srg-20250902.xsd (EX-101.SCH) — 43KB
• srg-20250902_htm.xml (XML) — 6KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement On September 2, 2025 (the "Effective Date"), a subsidiary of the Company entered into a purchase and sale agreement (the "PSA") with Boulevard Step Ventures LLC (the "Buyer") for the sale of the Company's property located in Aventura, Florida. The purchase price for the sale of the property is $131.0 million less a credit for unpaid leasing costs as of the closing date for existing leases. At signing of the PSA, the Buyer posted a $5.0 million earnest money deposit which is non-refundable except as otherwise provided for in the PSA. The closing is scheduled for 30 days after the Effective Date subject to satisfaction of customary closing conditions. The Buyer has the right to extend closing by 45 days upon posting an additional $5.0 million earnest money deposit which would also be non-refundable except as otherwise provided for in the PSA. The foregoing description of the PSA does not purport to be complete and is qualified in its entirety by reference to the full text of the PSA, a copy of which is expected to be filed as an exhibit to the Company's Periodic Report on Form 10-Q for the period ended September 30, 2025.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. SERITAGE GROWTH PROPERTIES Date: September 8, 2025 By: /s/ Matthew Fernand Matthew Fernand Chief Legal Officer and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR