---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-297647"
form_type: "8-K"
ticker: "SRG"
cik: "0001628063"
company_name: "Seritage Growth Properties"
filed_at: "2025-11-25T23:59:59+00:00"
generated_at: "2026-05-16T16:56:20.407228+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Seritage sells Aventura property for $131M, prepays $130M on term loan, leaving $70M outstanding

## Summary
- Closed sale of Aventura, FL property for $131M on Nov 25, 2025; proceeds used for debt prepayment.
- Voluntary prepayment of $130M toward $1.6B Berkshire Hathaway term loan; $70M remains outstanding.
- Cumulative repayments since Dec 2021 total $1.53B, reducing annual interest by ~$108.6M.
- Current prepayment reduces annual interest expense by approximately $9.2M.
- Pro forma balance sheet shows cash of $173M and total equity of $340M after adjustments.

## SEC filing metadata
- accession: 0001193125-25-297647
- form_type: 8-K
- ticker: SRG
- cik: 0001628063
- company_name: Seritage Growth Properties
- filed_at: 2025-11-25T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1628063/000119312525297647/0001193125-25-297647-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628063/000119312525297647/srg-20251125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-297647
- JSON: https://secwatch.observer/filing/0001193125-25-297647.json
- Plain text: https://secwatch.observer/filing/0001193125-25-297647.txt

## Source-grounded claims
- claim_id: 7fee18fd9be4d6cf836c6f527fa50114678afaaf
  claim: Seritage Growth Properties completed a disposition involving Boulevard Step Ventures LLC for $131.0 million less a credit for unpaid leasing costs as of the closing date for existing leases (closed 2025-11-25).
  evidence_excerpt: As previously reported by Seritage Growth Properties (the "Company") in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on September 8, 2025, a subsidiary of the Company entered into a purchase and sale agreement (the "PSA") as of September 2, 2025 (the "effective date") with Boulevard Step Ventures LLC (the "Buyer") for the sale of the Company’s property located in Aventura, Florida (the "Aventura Property"). The purchase price for the sale of the Aventura Property was $131.0 million less a credit for unpaid leasing costs as of the closing date for existing leases. The transaction closed on November 25, 2025, in accordance with the terms of the PSA.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1628063/000119312525297647/0001193125-25-297647-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.