secwatch.observer — SEC 8-K summary
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Issuer:     STRATUS PROPERTIES INC (STRS)
CIK:        0000885508
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0000885508-24-000014
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885508/000088550824000014/0000885508-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885508/000088550824000014/strs-20240227.htm
  HTML page:      https://secwatch.observer/filing/0000885508-24-000014

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