---
schema_version: "secwatch.filing_event.v1"
accession: "0000885508-24-000061"
form_type: "8-K"
ticker: "STRS"
cik: "0000885508"
company_name: "STRATUS PROPERTIES INC"
filed_at: "2024-08-19T23:59:59+00:00"
generated_at: "2026-05-31T08:45:49.049392+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000885508-24-000061
- form_type: 8-K
- ticker: STRS
- cik: 0000885508
- company_name: STRATUS PROPERTIES INC
- filed_at: 2024-08-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885508/000088550824000061/0000885508-24-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885508/000088550824000061/strs-20240819.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885508-24-000061
- JSON: https://secwatch.observer/filing/0000885508-24-000061.json
- Plain text: https://secwatch.observer/filing/0000885508-24-000061.txt

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