Seritage Growth Properties is a publicly traded REIT primarily engaged in releasing and redeveloping its 258 property portfolio into first class multi-tenanted shopping centers. The portfolio contains over 40 million square feet of building space across 49 states and Puerto Rico. Pursuant to a master lease, 230 wholly-owned properties are leased to Sears Holdings and are operated under either the Sears or Kmart brand.
Retail |
Acquisition/Fee Simple |
Core |
Value-add |
Benjamin Schall is the Chief Executive Officer and President and trustee of Seritage. Prior to becoming CEO and President, he served as Chief Operating Officer of Rouse Properties, Inc. (NYSE: RSE) from 2012 to 2015. At Rouse, he oversaw the redevelopment and operations of a $2.5 billion portfolio of 35 regional malls, totaling 25 million square feet across the country. Prior to that, Mr. Schall was Senior Vice President with Vornado Realty Trust (NYSE: VNO). At Vornado, his responsibilities included overseeing Vornado’s suburban retail shopping center business, consisting of 18 million square feet in 140 assets representing value of over $3 billion.
Brian Dickman is Chief Financial Officer and Executive Vice President of Seritage. Prior to joining Seritage, Mr. Dickman was Chief Financial Officer at Agree Realty (NYSE: ADC), where he was responsible for all corporate finance, capital markets, accounting, financial reporting, treasury and investor relations activities. Prior to that role, he was a real estate investment banker covering public REITs and other real estate companies at Lehman Brothers, Barclays and RBC Capital Markets.
James Bry is the Executive Vice President, Development and Construction of Seritage. Prior to joining Seritage, Mr. Bry was the Senior Vice President, Development & Construction at Vornado Realty Trust (NYSE: VNO) from 2006 to 2015 where he oversaw development and redevelopment of approximately six million square feet of its shopping malls, community centers and urban retail properties.