{"schema_version":"secwatch.filing_event.v1","accession":"0000885508-25-000072","form_type":"8-K","ticker":"STRS","cik":"0000885508","company_name":"STRATUS PROPERTIES INC","filed_at":"2025-12-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.478211+00:00","generated_at":"2026-05-16T12:30:01.953903+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Stratus Properties announces strategic alternatives review and $60.8M Kingwood Place sale","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000885508-25-000072","json":"https://secwatch.observer/filing/0000885508-25-000072.json","markdown":"https://secwatch.observer/filing/0000885508-25-000072.md","text":"https://secwatch.observer/filing/0000885508-25-000072.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885508/000088550825000072/0000885508-25-000072-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885508/000088550825000072/strs-20251218.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:30:01.953903+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"987ffb7e704d3ab050656b31d6db720bc0ac2f40","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/885508/000088550825000072/0000885508-25-000072-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"CH Realty X/R Houston Kingwood Place, L.P."},{"label":"Value","value":"$60.8 million"},{"label":"Effective","value":"2025-12-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}