Real estate investment trust (REIT) that owns, manages, and develops a diversified portfolio of retail and mixed-use properties across the United States.
Seritage Growth Properties operates as a publicly-traded Real Estate Investment Trust (REIT), self-administered and self-managed, with a substantial portfolio. The company owns 166 wholly-owned properties and has interests in 29 unconsolidated properties, totaling approximately 30.4 million square feet of space spread across 44 states and Puerto Rico.
Formed with the acquisition of a high-quality retail portfolio from Sears Holdings in July 2015, Seritage Growth Properties is focused on unlocking the inherent real estate value within its assets. The company's strategy centers on transforming these properties into vibrant destinations that offer enhanced shopping, dining, entertainment, and mixed-use experiences for consumers and local communities.
Seritage Growth Properties is committed to creating long-term value for its shareholders through strategic redevelopment and adaptive reuse of its properties. By revitalizing and repositioning these assets, the company aims to attract new tenants and maximize the potential of each location within its diverse portfolio.
Headquartered and actively operating across the United States, Seritage Growth Properties continues to execute its mission by leveraging its expertise in real estate management and development. The company's dedication to innovation and community enrichment underscores its role in shaping the future of retail and mixed-use environments nationwide.