Stratus Properties completes sale of Magnolia Place - Retail for $8.9M; cumulative sales $30.1M

STRATUS PROPERTIES INC

Sale of 100% owned Magnolia Place – Retail for $8.9M yields pre-tax net cash proceeds of ~$8.6M.
Cumulative sales at Magnolia Place over 3 years total $30.1M; includes earlier pad sales and land.
Retains ~11 acres for 275 multi-family units and ~$12M in potential MUD reimbursement.
Construction loan for Magnolia Place development was repaid in full in February 2024.

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