---
schema_version: "secwatch.filing_event.v1"
accession: "0000885508-24-000014"
form_type: "8-K"
ticker: "STRS"
cik: "0000885508"
company_name: "STRATUS PROPERTIES INC"
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T13:52:53.615200+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Stratus Properties completes ~47-acre sale at Magnolia Place for $14.5M, nets $5.3M

## Summary
- Pre-tax net cash proceeds of ~$5.3M after expenses and repayment of $8.8M project loan.
- Magnolia Place now has two fully-leased retail buildings (18,582 sq ft), 11 acres for ~275 multi-family units, and ~$12.1M in potential MUD reimbursements.
- Combined with prior sales ($6.6M), total Magnolia Place sales reach $21.1M.
- Sold land was planned for up to 600 multi-family units, second-phase retail, and seven pad sites.

## SEC filing metadata
- accession: 0000885508-24-000014
- form_type: 8-K
- ticker: STRS
- cik: 0000885508
- company_name: STRATUS PROPERTIES INC
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885508/000088550824000014/0000885508-24-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885508/000088550824000014/strs-20240227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885508-24-000014
- JSON: https://secwatch.observer/filing/0000885508-24-000014.json
- Plain text: https://secwatch.observer/filing/0000885508-24-000014.txt

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