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Seritage Growth Properties (NYSE: SRG) was one of the hardest-hit real estate investment trusts (REITs) in the COVID-19 pandemic, and the business started a downward spiral from which it never recovered. In 2022, management decided the best course of action would be to simply sell the company's assets, pay back its debt, and return the proceeds to investors. Here's how it's going, and why shareholders could quickly be handsomely rewarded.

*Stock prices used were the afternoon prices of April 17, 2024. The video was published on April 18, 2024.

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Matt Frankel has no position in any of the stocks mentioned. The Motley Fool recommends Seritage Growth Properties. The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.