Seritage Growth Properties Files 8-K on Asset Deal

TL;DR

SPG filed an 8-K on 11/25/25 for asset acquisition/disposition.

AI Summary

On November 25, 2025, Seritage Growth Properties filed an 8-K report detailing the completion of an acquisition or disposition of assets. The filing also included Regulation FD disclosures and financial statements and exhibits. The company is incorporated in Maryland and its fiscal year ends on December 31.

Why It Matters

This filing indicates a significant transaction involving Seritage Growth Properties' assets, which could impact its financial performance and strategic direction.

Risk Assessment

Risk Level: medium — The filing concerns asset transactions, which can carry inherent risks related to valuation, integration, and market conditions.

Key Numbers

• 001-37420 — Commission File Number (Identifies the company's SEC filing history.)
• 38-3976287 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• Seritage Growth Properties (company) — Registrant
• Maryland (jurisdiction) — State of Incorporation
• November 25, 2025 (date) — Date of Report
• 500 Fifth Avenue, Suite 1530 (address) — Business Address
• New York (location) — City of Business Address

FAQ

Key Financial Figures

• $0.01 — hares of beneficial interest, par value $0.01 per share SRG New York Stock Exchan
• $131.0 million — r the sale of the Aventura Property was $131.0 million less a credit for unpaid leasing costs
• $130 million — that it made a voluntary prepayment of $130 million toward its $1.6 billion senior secured
• $1.6 billion — y prepayment of $130 million toward its $1.6 billion senior secured term loan facility dated
• $1.53 billion — , the Company has now repaid a total of $1.53 billion since December 2021 and $70 million rem
• $70 million — f $1.53 billion since December 2021 and $70 million remains outstanding under the Term Loan
• $9.2 million — the term loan facility by approximately $9.2 million. In accordance with General Instructi

Filing Documents

• srg-20251125.htm (8-K) — 59KB
• srg-ex99_1.htm (EX-99.1) — 526KB
• srg-ex99_2.htm (EX-99.2) — 11KB
• 0001193125-25-297647.txt ( ) — 751KB
• srg-20251125.xsd (EX-101.SCH) — 43KB
• srg-20251125_htm.xml (XML) — 6KB

01 Completion of Acquisition or Disposition of Assets

Item 2.01 Completion of Acquisition or Disposition of Assets As previously reported by Seritage Growth Properties (the "Company") in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on September 8, 2025, a subsidiary of the Company entered into a purchase and sale agreement (the "PSA") as of September 2, 2025 (the "effective date") with Boulevard Step Ventures LLC (the "Buyer") for the sale of the Company's property located in Aventura, Florida (the "Aventura Property"). The purchase price for the sale of the Aventura Property was $131.0 million less a credit for unpaid leasing costs as of the closing date for existing leases. The transaction closed on November 25, 2025, in accordance with the terms of 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 was filed as an exhibit to the Company's Periodic Report on Form 10-Q for the period ended September 30, 2025.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On November 25, 2025, the Company, issued a press release announcing that it made a voluntary prepayment of $130 million toward its $1.6 billion senior secured term loan facility dated July 31, 2018, among the Company, Seritage Growth Properties, L.P. and Berkshire Hathaway Life Insurance Company of Nebraska (as amended by amendment no. 1, dated May 5, 2020, by amendment no. 2, dated November 24, 2021, by amendment no. 3, dated June 16, 2022, and by amendment no. 4, dated November 20, 2024, the "Term Loan Agreement"). The prepayment is being made from the proceeds of recent property sales including the sale of the Company's Aventura Property. Following the prepayment, the Company has now repaid a total of $1.53 billion since December 2021 and $70 million remains outstanding under the Term Loan Agreement. The current prepayment will reduce the Company's total annual interest expense related to the term loan facility by approximately $9.2 million. In accordance with General Instruction B.2 of Form 8-K, the information in item 7.01, including Exhibit 99.2, is being furnished to the SEC and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (b) Pro forma financial information Unaudited pro forma financial statements of the Company giving effect to the sale of the Company's Aventura Property are attached hereto as Exhibit 99.1 and are incorporated by reference herein. (d) Exhibits Exhibit No. Description 99.1 Unaudited Pro Forma Financial Statements 99.2 Press release dated November 25, 2025 104 Cover Page Interactive Data File (embedded within Inline XBRL document)

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: November 25, 2025 By: /s/ Matthew Fernand Matthew Fernand Chief Legal Officer and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR