CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
REVENUE
Rental income	$ 37,079	$ 49,174
Tenant reimbursements	16,698	16,224
Total revenue	53,777	65,398
EXPENSES
Property operating	7,241	4,742
Real estate taxes	11,381	12,422
Depreciation and amortization	34,667	58,663
General and administrative	7,797	6,274
Provision for doubtful accounts	61	39
Total expenses	61,147	82,140
Operating loss	(7,370)	(16,742)
Equity in (loss) income of unconsolidated joint ventures	(2,582)	1,002
Gain on sale of real estate	41,831
Interest and other income	680	78
Interest expense	(16,419)	(16,592)
Unrealized gain (loss) on interest rate cap	165	(471)
Income (loss) before income taxes	16,305	(32,725)
Provision for income taxes	(104)	(119)
Net income (loss)	16,201	(32,844)
Net (income) loss attributable to non-controlling interests	(5,873)	13,006
Net income (loss) attributable to Seritage	10,328	(19,838)
Preferred dividends	(1,228)
Net income (loss) attributable to Seritage common shareholders	$ 9,100	$ (19,838)
Net income (loss) per share attributable to Seritage Class A and Class C common shareholders - Basic	$ 0.26	$ (0.59)
Net income (loss) per share attributable to Seritage Class A and Class C common shareholders - Diluted	$ 0.26	$ (0.59)
Weighted average Class A and Class C common shares outstanding - Basic	35,414	33,510
Weighted average Class A and Class C common shares outstanding - Diluted	35,501	33,510