Stratus Properties completes $24M refinancing of Jones Crossing retail property

STRATUS PROPERTIES INC

New $24.0M non-recourse loan matures April 1, 2028; initial rate 6.26% then SOFR+1.95% (floor 3%).
Net cash proceeds of ~$1.2M distributed to Stratus after repaying $22.6M existing loan and costs.
Loan is interest-only monthly, with prepayment subject to yield maintenance before April 1, 2026.
Old loan with Regions Bank terminated; H-E-B anchored project in College Station, Texas secures loan.

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