Source SR3, issuer update October 15, 2018: Sears Holdings filed for Chapter 11; non-Sears represented approximately 70% of signed lease income at that date, up from approximately 20% at inception. The issuer described nearly $1.0 billion cash on hand and committed capital to fund development and operations. Signed income is not necessarily collected income; 2018 availability cannot be retrojected into 2015.

Source SR4, FY2018 financial supplement as of December 31, 2018, PDF pages 2 and 4, printed rounded to the nearest 1,000 and restated here as full US dollars and full square feet: 232 properties; gross leasable area 36,299,000 square feet total; 67.0% total leased; Sears Holdings signed annual base rent at share $61,341,000; in-place non-Sears $66,200,000; signed-not-open non-Sears $83,297,000; total signed annual base rent $210,838,000. Page 2 reports 31 wholly-owned properties vacant. Development, recapture, lease openings and property sales also change the portfolio. Neither the change in Sears rent nor vacancy can be solely attributed to bankruptcy, and the properties/denominator differ across dates. The supplement describes later 2019 agreements; do not present those as facts known in 2018.