Seritage Growth Properties Provides 2020 Update
NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner of 183 retail and mixed-use properties totaling approximately 28.5 million square feet, today provided an update on the Company’s leasing, development and transaction activity as of December 31, 2020, and provided an update on the Company’s CEO transition.
Q4 2020 Business Update
Collected 91% of rental revenue and agreed to defer an additional 5%;
Generated $144.9 million of gross proceeds through monetization activity; and,
As of December 31, 2020, the Company had cash on hand of $161.2 million, including $6.5 million of restricted cash and after taking into account one tran
