{"schema_version":"secwatch.filing_event.v1","accession":"0000885508-24-000074","form_type":"8-K","ticker":"STRS","cik":"0000885508","company_name":"STRATUS PROPERTIES INC","filed_at":"2024-11-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.261697+00:00","generated_at":"2026-05-29T18:26:24.911699+00:00","sec_items":["1.01","1.02","2.03","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Stratus closes $33M non-recourse refinancing of Kingwood Place; maturity Dec 2027","bullets":["Loan of $33M at 1-month SOFR+1.80% (floor 3%), matures Dec 1, 2027; interest-only monthly.","Proceeds: ~$29M repaid existing Comerica loan, ~$800k transaction costs, ~$3.2M for expenses/distributions.","Stratus expects ~$2M in payments and distributions from the remaining proceeds.","Interest rate cap purchased at 6% strike with $33M notional through Dec 1, 2026; subsequent cap required.","Loan is non-recourse except customary carveout guaranty; no financial covenants."],"urls":{"canonical":"https://secwatch.observer/filing/0000885508-24-000074","json":"https://secwatch.observer/filing/0000885508-24-000074.json","markdown":"https://secwatch.observer/filing/0000885508-24-000074.md","text":"https://secwatch.observer/filing/0000885508-24-000074.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885508/000088550824000074/0000885508-24-000074-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885508/000088550824000074/strs-20241122.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T18:26:24.911699+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}