Seritage Growth Properties provided an update with respect to its Board of Trustees. Edward Lampert, Chair of the Seritage Board, is retiring from the Board effective immediately. In addition, David Fawer and Thomas Steinberg have informed the Company that they do not intend to seek reelection to the Board at Seritage's 2022 Annual Shareholder meeting in order to focus on other professional obligations.

The Board is conducting a search to identify additional Board candidates who would further enhance the Board's investment and transaction experience.