Benjamin Schall, president and CEO of Seritage Growth Properties (NYSE: SRG), participated in a video interview at Nareit’s REITworld: 2019 Annual Conference in Los Angeles.
Seritage has been navigating through the Sears bankruptcy filing for about a year now. Schall said the company made “significant progress” on achieving diversified, non-Sears rental income during 2019. At this point, Sears is a tenant in only 16 of over 200 projects, he noted.
