---
schema_version: "secwatch.filing_event.v1"
accession: "0000885508-24-000004"
form_type: "8-K"
ticker: "STRS"
cik: "0000885508"
company_name: "STRATUS PROPERTIES INC"
filed_at: "2024-01-19T23:59:59+00:00"
generated_at: "2026-06-06T21:39:06.426487+00:00"
event_type: "regulatory"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Stratus removes land from Austin ETJ under new Texas law; faces lawsuit challenging constitutionality

## Summary
- Completed removal of Holden Hills and Section N from City of Austin's extraterritorial jurisdiction under Texas Senate Bill 2038.
- Filed with Travis County to grandfather both projects under most laws in effect at the time of filings.
- Several Texas cities filed suit challenging SB 2038 as an unconstitutional delegation of legislative authority.
- If law upheld, expects streamlined permitting, reduced costs, and potential for increased development density.
- Continuing Phase I of Holden Hills; anticipates starting home building or home site sales in 2025.

## SEC filing metadata
- accession: 0000885508-24-000004
- form_type: 8-K
- ticker: STRS
- cik: 0000885508
- company_name: STRATUS PROPERTIES INC
- filed_at: 2024-01-19T23:59:59+00:00
- event_type: regulatory
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885508/000088550824000004/0000885508-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885508/000088550824000004/strs-20240119.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885508-24-000004
- JSON: https://secwatch.observer/filing/0000885508-24-000004.json
- Plain text: https://secwatch.observer/filing/0000885508-24-000004.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.