Seritage subsidiary signs $50.8M Dallas property sale option with monthly payments through 2028

Filed June 1, 2026 · Period ending June 1, 2026 · ~1 min read

Key Changes

• high

  Seritage subsidiary entered option agreement to sell Dallas property for $50.8 million, with closing by January 2028 if buyer exercises the option. Company receives non-refundable monthly payments regardless of whether sale completes.

  Item 8.01 view on EDGAR →
• medium

  Buyer pays $169,200 upfront, then $126,900/month through December 2026, then $274,950/month through January 2028. All option payments are non-refundable and incremental to the purchase price if sale closes.

  Item 8.01 view on EDGAR →
• medium

  Sale is cross-conditioned with buyer's separate purchase of adjacent larger property from unaffiliated owners. If either transaction fails, both fail, adding execution risk beyond Seritage's control.

  Item 8.01 view on EDGAR →