Seritage Growth Properties Announces Termination of REIT Election
Seritage Growth Properties Class A (SRG)
NASDAQ:AMEX Investor Relations:
ir.seritage.com
Company Research
Source: Business Wire
Appoints Adam Metz to the Board of Trustees NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of 162 retail, residential and mixed-use properties, today announced that its Board of Trustees has approved a plan to terminate its election to be treated as a Real Estate Investment Trust (“REIT”) for tax purposes and to convert the Company to a C corporation. The termination of the REIT election will be retroactively effective as of January 1, 2022. The Company has received all necessary approvals to terminate its election.On March 1, 2022, the Company announced that its Board of Trustees had commenced a process to review a broad range of strategic alternatives to enhance shareholder value and established a Special Committee to oversee the process. After consulting with its financial, tax and legal advisors, and with the recommendation of the Special Committee, the Board determined that electing to be treated as a C Corpora
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SRG
Sec Filings
- 4/10/24 - Form 4
- 4/5/24 - Form SC
- 4/3/24 - Form 4
- SRG's page on the SEC website