SRG

Seritage Growth Properties (NYSE:SRG) is a publicly-traded real estate investment trust (REIT) that was formed in July 2015 through a unique transaction with Sears Holdings Corporation. The company was created specifically to unlock the underlying real estate value of a high-quality retail portfolio acquired from the struggling department store chain. Founded with the mission to transform underutilized retail properties into vibrant mixed-use destinations, Seritage operates as a self-administered and self-managed REIT focused on property redevelopment and repositioning. The company currently owns 166 wholly-owned properties and 29 unconsolidated properties, totaling approximately 30.4 million square feet across 44 states and Puerto Rico.