{"schema_version":"secwatch.filing_event.v1","accession":"0000885508-23-000002","form_type":"8-K","ticker":"STRS","cik":"0000885508","company_name":"STRATUS PROPERTIES INC","filed_at":"2023-02-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.392266+00:00","generated_at":"2026-06-20T00:40:45.830003+00:00","sec_items":["1.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Stratus Properties forms JV for Holden Hills project; receives $30M cash, retains 50% stake","bullets":["Class A LP contributes land valued at $70M; Class B LP (Bartoni, LLC) contributes $40M cash, $30M distributed to Class A LP.","Stratus holds 50% equity interest in the Partnership; potential returns may increase above relative equity upon negotiated hurdles.","Partnership pursuing $26.1M construction loan guaranteed by Stratus for Phase I development.","Holden Hills Project: 495 acres in Austin, TX, planned for 475 residences across two phases (Phase I: 337 luxury sites + 12 estate lots).","Comerica borrowing base reduced from $60M to $52.4M after releasing Holden Hills property from collateral pool."],"urls":{"canonical":"https://secwatch.observer/filing/0000885508-23-000002","json":"https://secwatch.observer/filing/0000885508-23-000002.json","markdown":"https://secwatch.observer/filing/0000885508-23-000002.md","text":"https://secwatch.observer/filing/0000885508-23-000002.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885508/000088550823000002/0000885508-23-000002-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885508/000088550823000002/strs-20230131.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T00:40:45.830003+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"097ff21a4b24302087ae774ef6dc02ab2ad52e51","claim":"STRATUS PROPERTIES INC amended amended and restated limited partnership agreement with Bartoni, LLC (effective 2023-01-31).","evidence_excerpt":"and Bartoni, LLC, an unrelated equity investor, as the sole Class B limited partner (Class B Limited Partner) entered into an amended and restated limited partnership agreement (Partnership Agreement) of Holden Hills, L.P.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/885508/000088550823000002/0000885508-23-000002-index.htm","confidence":0.4,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"collaboration"},{"label":"Counterparty","value":"Bartoni, LLC"},{"label":"Effective","value":"2023-01-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}