Stratus Properties announces strategic alternatives review and $60.8M Kingwood Place sale

STRATUS PROPERTIES INC

Board initiates review of strategic alternatives including sale of company, dissolution, or share repurchases.
Kingwood Place sold for $60.8M; expected pre-tax net cash proceeds of ~$26M after costs and loan payoff.
Sale expected to close Q1 2026; buyer deposited $1M earnest money with additional $1M after inspection.
Recent sales of Lantana Place and West Killeen Market completed; portfolio streamlined.
Eastdil Secured, Jones Walker, Sidley Austin engaged as advisors.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

STRATUS PROPERTIES INC entered into Agreement of Sale and Purchase with CH Realty X/R Houston Kingwood Place, L.P. valued at $60.8 million (effective 2025-12-18).

Action: entry
Agreement: asset purchase
Counterparty: CH Realty X/R Houston Kingwood Place, L.P.
Value: $60.8 million
Effective: 2025-12-18

Exact text from the filing

On December 18, 2025 (the Effective Date), Stratus Kingwood Place, L.P. (Seller), a Texas limited partnership and a subsidiary of Stratus Properties Inc. (Stratus), entered into an Agreement of Sale and Purchase (the Purchase Agreement), with CH Realty X/R Houston Kingwood Place, L.P., a Delaware limited partnership (Purchaser), pursuant to which Seller agreed to sell to Purchaser the real and personal property associated with the Kingwood Place project for a purchase price of $60.8 million in cash.

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Source: SEC EDGAR

accession 0000885508-25-000072

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