---
schema_version: "secwatch.filing_event.v1"
accession: "0000885508-24-000065"
form_type: "8-K"
ticker: "STRS"
cik: "0000885508"
company_name: "STRATUS PROPERTIES INC"
filed_at: "2024-10-15T23:59:59+00:00"
generated_at: "2026-05-30T15:07:04.706140+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Stratus Properties subsidiary amends $32.3M construction loan for The Saint June, extends maturity to Oct 2025

## Summary
- Loan commitment increased by $2M to $32.3M; maturity extended to Oct 2, 2025.
- Interest rate margin reduced from 2.85% to 2.35% (floating SOFR + 2.35%, floor 3.50%).
- Exit fee of 1.0% on prepayments and repayments; monthly P&I ~$40,000.
- Stratus guarantees loan; borrower is 34.13%-owned subsidiary The Saint June, L.P.
- Proceeds used for operating reserves and repayment of partnership operating loans.

## SEC filing metadata
- accession: 0000885508-24-000065
- form_type: 8-K
- ticker: STRS
- cik: 0000885508
- company_name: STRATUS PROPERTIES INC
- filed_at: 2024-10-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885508/000088550824000065/0000885508-24-000065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885508/000088550824000065/strs-20241008.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885508-24-000065
- JSON: https://secwatch.observer/filing/0000885508-24-000065.json
- Plain text: https://secwatch.observer/filing/0000885508-24-000065.txt

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