---
schema_version: "secwatch.filing_event.v1"
accession: "0000885508-25-000061"
form_type: "8-K"
ticker: "STRS"
cik: "0000885508"
company_name: "STRATUS PROPERTIES INC"
filed_at: "2025-10-06T23:59:59+00:00"
generated_at: "2026-05-17T04:41:00.613404+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Stratus subsidiary amends construction loan, extends maturity to Oct 2027 and adds $1.5M

## Summary
- The Saint June 182-unit Austin multifamily project loan amended: maturity extended to Oct 2, 2027.
- Outstanding principal increased by $1.5M to $32.9M; interest rate margin reduced from 2.35% to 2.00%.
- Monthly principal payments eliminated; new minimum debt yield covenant (≥8%) replaces DSCR covenant.
- Partnership may distribute up to $1.5M to partners; Stratus's 50% guaranty remains in effect.
- Stratus required to open $5M deposit account with Texas Capital Bank as part of amendment.

## SEC filing metadata
- accession: 0000885508-25-000061
- form_type: 8-K
- ticker: STRS
- cik: 0000885508
- company_name: STRATUS PROPERTIES INC
- filed_at: 2025-10-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885508/000088550825000061/0000885508-25-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885508/000088550825000061/strs-20250930.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885508-25-000061
- JSON: https://secwatch.observer/filing/0000885508-25-000061.json
- Plain text: https://secwatch.observer/filing/0000885508-25-000061.txt

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