Pursuant to a master lease, the Company has the right to recapture certain space from the successor to Sears Holdings for retenanting or redevelopment purposes. The Company's mission is to create and own revitalized shopping, dining, entertainment and mixed-use destinations that provide enriched experiences for consumers and local communities, and create long-term value for our shareholders. SERITAGE GROWTH PROPERTIES CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share and per share amounts) (Unaudited) SERITAGE GROWTH PROPERTIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) (Unaudited) Reconciliation of Net Loss to NOI and Total NOI (in thousands) (1) Includes adjustments for unconsolidated joint ventures. Computation of Annualized Total NOI (in thousands) (1) Includes adjustments to account for leases not in place for the full period.