Seritage Growth Properties agrees to sell Aventura, FL property for $131M

Seritage Growth Properties

Purchase price $131M, less credit for unpaid leasing costs at closing.
Buyer Boulevard Step Ventures LLC posted $5M non-refundable earnest money deposit.
Closing scheduled 30 days from Sept 2, 2025; Buyer can extend 45 days with additional $5M deposit.
Sale subject to customary closing conditions; PSA to be filed with Q3 2025 10-Q.

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