Seritage Growth Properties is a real estate investment trust focused on acquiring, developing and leasing a diversified portfolio of retail, industrial, office and mixed-use properties. Established in 2015 as a spin-off from Sears Holdings, the company’s initial portfolio comprised former Sears and Kmart properties, which Seritage repurposed to attract new tenants and maximize land use. Through strategic asset management and redevelopment initiatives, the company aims to enhance property values and generate attractive risk-adjusted returns for investors.
The company’s core business activities include identifying underutilized real estate assets, securing zoning and entitlements, and overseeing construction or renovation projects to create vibrant, tenant-driven destinations. Seritage partners with national and regional retailers, entertainment operators, fitness providers, and other commercial tenants to lease its properties on a long-term basis. By focusing on high-traffic locations and flexible site plans, the firm seeks to deliver a mix of uses—such as open-air shopping centers, last-mile distribution hubs and adaptive office space—that respond to evolving consumer and business trends.
Seritage operates across a broad geographic footprint in the United States, with properties located in major metropolitan markets and growing suburban trade areas. The company leverages local market expertise and data-driven analytics to guide site planning and leasing strategies. Through active portfolio management, Seritage regularly evaluates markets for redevelopment opportunities, dispositions and land-parcel sales, aiming to optimize its asset base and maintain strong occupancy levels.
Leadership at Seritage includes a seasoned executive team with experience in real estate investment, development and finance. The company is governed by an independent board of directors that oversees corporate strategy, risk management and governance practices. With a focus on sustainable development and community engagement, Seritage Growth Properties continues to refine its platform to capitalize on changing retail dynamics and deliver long-term value to stakeholders.
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