SRG Seritage Growth Properties
Price Chart
Executive Summary
Seritage Growth Properties (SRG-PA) entered into an option purchase and sale agreement for a Dallas, Texas property with a total purchase price of $50,760,000. The buyer made an initial option payment of $169,200, with additional monthly payments escalating to $274,950 through January 2028. The deal is contingent on the buyer obtaining entitlements and is cross-conditioned with a separate agreement for an adjacent property, with no guarantee the option will be exercised.
Key Financial Metrics
Actionable Insight
The transaction is contingent on entitlements and a related adjacent property deal, creating binary risk. Monitor for buyer's termination decision by June 30, 2026, and subsequent monthly option payments as signals of commitment. No material near-term impact on SRG-PA preferred distributions.
Key Facts
- Purchase price for the Dallas property is $50,760,000.
- Buyer made an initial option payment of $169,200 on June 1, 2026.
- Monthly option payments of $126,900 from July 2026 through December 2026, then $274,950 from January 2027 through January 2028.
- Closing date is the earlier of 90 days after entitlements are obtained or January 31, 2028.
- The PSA is cross-conditioned and cross-defaulted with a related PSA for an adjacent property owned by unaffiliated parties.
- All option payments are non-refundable and incremental to the purchase price.
Financial Impact
Potential gross sale proceeds of $50,760,000, with cumulative option payments of up to approximately $4.5 million over the option period.
Risk Factors
- Buyer may not exercise the option, resulting in no sale.
- Cross-conditionality with the adjacent property PSA adds execution risk.
- Extended timeline to January 2028 delays any capital recycling benefit.
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-251716 |
| Document: 0001193125-26-251716-index-headers.html | 0001193125-26-251716 |
| Document: 0001193125-26-251716-index.html | 0001193125-26-251716 |
| Document: 0001193125-26-251716.txt | 0001193125-26-251716 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 1, 2026
11d ago
|
8-K
| $20.90 $20.90 | · 0.00% | ▲ +0.72% | $2.63 (−87.42%) |
|
May 15, 2026
28d ago
|
8-K
| $20.62 $20.50 | ▲ +0.58% | ▲ +0.52% | $2.63 (+87.25%) |
|
Apr 20, 2026
7w ago
|
8-K
| $21.35 $21.65 | ▲ +1.40% | ▲ +0.39% | $2.63 (−87.68%) |
|
Mar 31, 2026
10w ago
|
8-K
| $23.00 $22.10 | ▲ +3.91% | ▲ +3.99% | $2.63 (+88.57%) |
|
Feb 25, 2026
15w ago
|
8-K
| $3.00 $2.96 | ▼ −1.33% | ▼ −0.88% | $2.63 (−12.33%) |
US Market Status
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