Seritage Growth Properties (SRG) Form 8-K — Jun 1, 2026
Seritage Growth Properties entered into an option purchase and sale agreement to sell a property in Dallas, Texas, to Arena Development Intermediate, LLC for $50.76 million. The agreement is structured as an option, with the buyer paying an initial $169,200 and subsequent monthly non-refundable option payments totaling approximately $1.2 million over the life of the deal if not terminated.
Key figures
- Deal Value Usd
- 50760000
- Option payment initial
- 169200
- Option payment monthly phase1
- 126900
- Option payment monthly phase2
- 274950
Price after filing
1 day: +8.8%7 days: +1.5%30 days: +1.2%
Close on the filing date to close N calendar days later (from $2.60). Historical, not a forecast.
AI analysis
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