Thomas J. Tisch Discloses 1.3M Shares in Seritage Growth Properties

TL;DR

**Thomas J. Tisch still owns 1.3M shares of Seritage Growth Properties, showing he's a major player.**

AI Summary

Thomas J. Tisch, a prominent investor, filed an amended SC 13G/A on January 5, 2024, disclosing his beneficial ownership of 1,315,235 Class A Common Shares of Seritage Growth Properties as of December 31, 2023. This filing indicates that Tisch holds sole voting power over these shares, representing a significant stake in the real estate company. This matters to investors because it shows a notable individual investor maintains a substantial position, potentially signaling confidence in Seritage's future or influencing its strategic direction.

Why It Matters

This filing reveals a key investor's continued significant stake in Seritage Growth Properties, which can influence market perception and potentially impact the company's governance or strategic decisions.

Risk Assessment

Risk Level: low — This filing is an update on a passive investment, not indicating any immediate high-risk corporate actions or significant changes in ownership that would destabilize the company.

Analyst Insight

Investors should note that a prominent individual investor, Thomas J. Tisch, continues to hold a substantial passive stake in Seritage Growth Properties. While this doesn't signal immediate action, it suggests a long-term interest from a notable figure, which could be a factor in evaluating the company's stability and potential future direction.

Key Numbers

• 1,315,235 — Class A Common Shares (Shares beneficially owned by Thomas J. Tisch in Seritage Growth Properties)

Key Players & Entities

• Thomas J. Tisch (person) — Reporting Person, beneficial owner of shares in Seritage Growth Properties
• Seritage Growth Properties (company) — The Issuer of the Class A Common Shares
• 1,315,235 (dollar_amount) — Number of Class A Common Shares beneficially owned by Thomas J. Tisch
• December 31, 2023 (date) — Date of event requiring the filing of this statement

Forward-Looking Statements

• Thomas J. Tisch will maintain a significant stake in Seritage Growth Properties. (Thomas J. Tisch) — high confidence, target: Q4 2024

FAQ

Filing Documents

• ef20018017_sc13ga.htm (SC 13G/A) — 58KB
• 0001140361-24-000765.txt ( ) — 60KB

From the Filing

SC 13G/A 1 ef20018017_sc13ga.htm SC 13G/A Securities and Exchange Commission Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No. 3)* Seritage Growth Properties (Name of Issuer) Class A Common Shares (Title of Class of Securities) 81752R100 (CUSIP Number) December 31, 2023 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 81752R100 13G Page 2 of 5 Pages 1 NAMES OF REPORTING PERSONS Thomas J. Tisch 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 1,315,235 6 SHARED VOTING POWER 708,479 7 SOLE DISPOSITIVE POWER 1,315,235 8 SHARED DISPOSITIVE POWER 708,479 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,023,714 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.6% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN CUSIP No. 81752R100 13G Page 3 of 5 Pages Item 1. (a) Name of Issuer: Seritage Growth Properties (b) Address of Issuer's Principal Executive Offices: 500 Fifth Avenue, Suite 1530, New York, New York 10110 Item 2. (a) Name of Person Filing: Thomas J. Tisch (b) Address of the Principal Office or, If None, Residence: 712 Fifth Avenue, New York, New York 10019 (c) Citizenship: United States (d) Title of Class of Securities: Class A Common Shares (e) CUSIP Number: 81752R100 Item 3. If this statement is filed pursuant to 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) Group, in accordance with 240.13d-1(b)(1)(ii)(J). CUSIP No. 81752R100 13G Page 4 of 5 Pages Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 2,023,714 (b) Percent of class: 3.6% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 1,315,235 (ii) Shared power to vote or to direct the vote: 708,479 (iii) Sole power to dispose or to direct the disposition of: 1,315,235 (iv) Shared power to dispose or to direct the disposition of: 708,479 Shares over which Mr. Tisch had sole voting and dispositive power include shares held by him or by trusts of which he is trustee. Shares over which Mr. Tisch may be deemed to have shared voting and dispositive power include shares held by his wife, by trusts of which his wife is trustee, or by a charitable foundation of which his wife and he are directors. The number reported for "Percent of class" is based on 56,185,420 Class A common shares outstanding as of November 3, 2023, as reported in the issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023. Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ x ]. Item 6. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. Item 8. Identification

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View this SC 13G/A filing on SEC EDGAR