- The Company has accepted offers on and is currently negotiating definitive purchase and sale agreements on four assets for total gross proceeds of approximately $79.1 million including:
- $24.0 million in gross proceeds from one income producing Multi-Tenant Retail asset reflecting a 8.5% capitalization rate;
- $8.1 million in gross proceeds from one vacant / non-income producing Non-Core assets to be sold at $55.18 PSF eliminating $0.3 million of carry costs; and
- $47.0 million in gross proceeds from monetizing two unconsolidated entity interests.
Seritage Growth Properties On Friday May 10, 2024 Said It Is Negotiating An Agreement On The Sale Of 4 Assets For Gross Proceeds Of $79.1M
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