{"schema_version":"secwatch.filing_event.v1","accession":"0000885508-25-000049","form_type":"8-K","ticker":"STRS","cik":"0000885508","company_name":"STRATUS PROPERTIES INC","filed_at":"2025-06-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.608545+00:00","generated_at":"2026-05-19T02:18:57.625638+00:00","sec_items":["1.01","8.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Stratus Properties forms JV for Holden Hills Phase 2, boosts buyback to $25M","bullets":["Contributed land valued at $95.7M to Phase 2 JV; partner contributed $47.9M cash; Stratus received $47.9M distribution and holds 50% equity.","Borrowing base under Comerica revolving credit facility reduced from $54.1M to $23.3M as Phase 2 property released from collateral.","Share repurchase program increased from $5M to $25M; $23M remaining after $2M already repurchased.","Phase 1 partnership amended to align buy-sell provisions with Phase 2.","JV aims to develop 570-acre mixed-use project adjacent to Holden Hills Phase 1."],"urls":{"canonical":"https://secwatch.observer/filing/0000885508-25-000049","json":"https://secwatch.observer/filing/0000885508-25-000049.json","markdown":"https://secwatch.observer/filing/0000885508-25-000049.md","text":"https://secwatch.observer/filing/0000885508-25-000049.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885508/000088550825000049/0000885508-25-000049-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885508/000088550825000049/strs-20250613.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T02:18:57.625638+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"}