secwatch.observer — SEC 8-K summary
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Issuer:     STRATUS PROPERTIES INC (STRS)
CIK:        0000885508
Form:       8-K
Filed at:   2025-10-06T23:59:59+00:00
Accession:  0000885508-25-000061
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885508/000088550825000061/0000885508-25-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885508/000088550825000061/strs-20250930.htm
  HTML page:      https://secwatch.observer/filing/0000885508-25-000061

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