Filing Details

Accession Number:
0001213900-24-013945
Form Type:
13G Filing
Publication Date:
2024-02-13 19:00:00
Filed By:
Sanda Par Olof
Company:
Seritage Growth Properties (BIT:SRG)
Filing Date:
2024-02-14
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Par Sanda 816,879 0 816,879 0 816,879 1.45%
Sand Capital Associates 2,311,934 0 2,311,934 0 2,311,934 4.11%
Filing
 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

SCHEDULE 13G/A

 

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

 

 

Seritage Growth Properties

(Name of Issuer)

 

Class A common shares of beneficial interest, par value $0.01 per share

(Title of Class of Securities)

 

81752R100

(CUSIP Number)

 

December 31, 2023

(Date of Event Which Requires Filing of this Statement)

 

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

☐ Rule 13d-1(b)

 

☒ Rule 13d-1(c)

 

☐ Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

 

CUSIP No. 81752R100

 

1.

Name of Reporting Person

 

Par Sanda

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a) ☐       (b) ☐

3.

SEC Use Only

 

4.

Citizenship or Place of Organization

 

United States of America

Number of Shares Beneficially Owned by Each Reporting Person

With

5.

Sole Voting Power

 

816,879

6.

Shared Voting Power

 

-0-

7.

Sole Dispositive Power

 

816,879

8.

Shared Dispositive Power

 

-0-

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

816,879 (1)

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.

Percent of Class Represented by Amount in Row (9)

 

1.45% (1)

12.

Type of Reporting Person (See Instructions)

 

IN

       

 

 
(1)Amounts beneficially owned as of December 31, 2023, are based on the total number of Class A common shares of beneficial interest (“Class A Shares”) of Seritage Growth Properties (the “Issuer”) outstanding, as reported in the Issuer’s Form 10-Q filed on November 8, 2023. As the Managing Member of Sand Capital Associates, LLC (“Sand Capital”), Par Sanda may be deemed to beneficially own all of the Class A Shares beneficially owned by Sand Capital.

 

2

 

 

CUSIP No. 81752R100

 

1.

Name of Reporting Person

 

Sand Capital Associates, LLC

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a) ☐       (b) ☐

3.

SEC Use Only

 

4.

Citizenship or Place of Organization

 

State of Florida

Number of Shares Beneficially Owned by Each Reporting Person

With

5.

Sole Voting Power

 

2,311,934

6.

Shared Voting Power

 

-0-

7.

Sole Dispositive Power

 

2,311,934

8.

Shared Dispositive Power

 

-0-

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

2,311,934 (1)

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.

Percent of Class Represented by Amount in Row (9)

 

4.11% (1)

12.

Type of Reporting Person (See Instructions)

 

OO

       

 

 
(1)Amounts beneficially owned as of December 31, 2023, are based on the total number of Class A Shares of the Issuer outstanding, as reported in the Issuer’s Form 10-Q filed on November 8, 2023. As the Managing Member of Sand Capital, Par Sanda may be deemed to beneficially own all of the Class A Shares beneficially owned by Sand Capital.

 

3

 

 

Item 1.

 

  (a) Name of Issuer:
    Seritage Growth Properties
     
  (b) Address of Issuer’s Principal Executive Offices:
    500 Fifth Avenue, Suite 1530, New York, New York 10110

 

Item 2.

 

  (a) Name of Person Filing:
    Par Sanda; Sand Capital Associates, LLC. (“Reporting Persons”) (1)
     
  (b) Address of Principal Business Office or, if none, Residence:
    Par Sanda
    501 N. Birch Rd, Unit 3
    Fort Lauderdale, FL 33304
     
    Sand Capital Associates, LLC
    501 N. Birch Rd, Unit 3
    Fort Lauderdale, FL 33304
     
  (c) Citizenship:
    Par Sanda
    United States of America
     
    Sand Capital Associates, LLC
    State of Florida, United States of America
     
  (d) Title of Class of Securities:
    Class A common shares of beneficial interest, par value $0.01 per share
     
  (e) CUSIP Number:
    81752R100

 

Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:
   
  Not Applicable.
   
Item 4.    Ownership
   
  Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

  (a) Amount beneficially owned:
    See the responses to Item 9 on the attached cover pages.

 

 
(1)Neither the present filing nor anything contained herein shall be construed as an admission that the Reporting Persons constitute a “group” for any purpose and each expressly disclaims membership in a group.

 

4

 

 

  (b) Percent of class:
    See the responses to Item 11 on the attached cover pages.
     
  (c) Number of shares as to which the person has:

 

  (i) Sole power to vote or to direct the vote:
    See the responses to Item 5 on the attached cover pages.
     
  (ii) Shared power to vote or to direct the vote:
    See the responses to Item 6 on the attached cover pages.
     
  (iii) Sole power to dispose or to direct the disposition of:
    See the responses to Item 7 on the attached cover pages.
     
  (iv) Shared power to dispose or to direct the disposition of: See the responses to Item 8 on the attached cover pages.

 

Item 5. Ownership of 5 Percent or Less of a Class
   
  If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☐.

 

Item 6.Ownership of More than 5 Percent on Behalf of Another Person
  
 Not Applicable.

 

Item 7.Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
  
 Not Applicable.

 

Item 8.Identification and Classification of Members of the Group
  
 Not Applicable.

 

Item 9.Notice of Dissolution of Group
  
 Not Applicable.
  
Item 10. Certification
  
 By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

5

 

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date: February 14, 2024  
   
SAND CAPITAL ASSOCIATES, LLC  
   
/s/ Par Sanda  
By:  Par Sanda  
Its: Managing Member  
   
PAR SANDA, Individual  
   
/s/ Par Sanda  

 

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