Item 5.02. Departure of Directors or Certain Officers; Election of Directors;


           Appointment of Certain Officers; Compensatory Arrangements of Certain
           Officers.

As the Company previously disclosed on December 10, 2020, Benjamin W. Schall, Chief Executive Officer, President and Trustee of Seritage Growth Properties (the "Company") notified the Company of his resignation from the Company and the Board of Trustees to pursue another opportunity. Mr. Schall's departure date is January 22, 2021.

The Board of Trustees remains focused on its search for a Chief Executive Officer candidate to succeed Mr. Schall. The Board of Trustees has engaged a national search firm to assist in the search process and is actively evaluating several internal and external candidates. The Board of Trustees expects to announce the Company's new Chief Executive Officer in the coming weeks. There is and there can be no assurance about the timing and certainty of any such appointment and announcement by the Company. In the interim, the day-to-day operations of the Company continue to be overseen by members of existing senior management, who are reporting directly to the Board of Trustees.

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