Stratus Properties to sell Lantana Place Retail for ~$57.4M; expects Q4 2025 close

STRATUS PROPERTIES INC

Purchase price ~$57.4M; proceeds to repay ~$29.8M project loan.
Stratus retains The Saint Julia (210-unit multi-family) and 160K sq ft commercial entitlements.
Purchaser is Scripps CMH LLC (75.412%) and Lantana SRB LLC (24.588%) as tenants-in-common.
Earnest money $250K nonrefundable; no financing condition; inspection period expired.
Sale expected to close in Q4 2025, subject to customary closing conditions.

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