SITE Centers agrees to sell The Pike Outlets ground lease for ~$50M

SITE Centers Corp.

Sale of ground leasehold interest in The Pike Outlets (Long Beach, CA) for approx. $50M cash.
Net proceeds estimated at ~$46M after pro-rations, credits and leasing adjustments.
Nonrefundable deposit of $1.5M posted by purchaser; closing expected by end of Q3 2026.
Closing subject to City of Long Beach consent, tenant estoppels, and other customary conditions.

item 1.01

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