---
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"
generated_at: "2026-05-19T02:18:57.625638+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Stratus Properties forms JV for Holden Hills Phase 2, boosts buyback to $25M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885508-25-000049
- JSON: https://secwatch.observer/filing/0000885508-25-000049.json
- Plain text: https://secwatch.observer/filing/0000885508-25-000049.txt

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