---
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"
generated_at: "2026-05-16T12:30:01.953903+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885508-25-000072
- JSON: https://secwatch.observer/filing/0000885508-25-000072.json
- Plain text: https://secwatch.observer/filing/0000885508-25-000072.txt

## Key facts
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/885508/000088550825000072/0000885508-25-000072-index.htm

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