---
schema_version: "secwatch.filing_event.v1"
accession: "0000885508-26-000002"
form_type: "8-K"
ticker: "STRS"
cik: "0000885508"
company_name: "STRATUS PROPERTIES INC"
filed_at: "2026-02-05T23:59:59+00:00"
generated_at: "2026-05-16T04:43:44.154789+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Stratus completes Kingwood Place sale for $60.8M; extends credit facility to March 2028

## Summary
- Sold Kingwood Place (H-E-B-anchored retail, 151,877 sq ft) for $60.8M cash; pre-tax net proceeds $27.1M.
- Sale price was 9.3% premium to Stratus' pre-tax NAV; Stratus received $16.2M distribution after reserves.
- Recognized pre-tax gain on sale of ~$13.7M (net of noncontrolling interests).
- Tenth Modification extended revolving credit facility maturity to March 27, 2028; $17.4M available at closing.
- Board's strategic alternatives process remains ongoing; no timetable set.

## SEC filing metadata
- accession: 0000885508-26-000002
- form_type: 8-K
- ticker: STRS
- cik: 0000885508
- company_name: STRATUS PROPERTIES INC
- filed_at: 2026-02-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885508/000088550826000002/0000885508-26-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885508/000088550826000002/strs-20260130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885508-26-000002
- JSON: https://secwatch.observer/filing/0000885508-26-000002.json
- Plain text: https://secwatch.observer/filing/0000885508-26-000002.txt

## Source-grounded claims
- claim_id: fb94d9c9957ac12316922d3e5c56a7d90f78e3c1
  claim: STRATUS PROPERTIES INC completed a disposition involving CH Realty X/R Houston Kingwood Place, L.P. for $60.8 million in cash (closed 2026-01-30).
  evidence_excerpt: On January 30, 2026, Stratus Kingwood Place, L.P. (Seller), a Texas limited partnership and a subsidiary of Stratus Properties Inc. (Stratus), completed the previously disclosed disposition of the real and personal property associated with the Kingwood Place project to CH Realty X/R Houston Kingwood Place, L.P., a Delaware limited partnership (Purchaser), for a purchase price of $60.8 million in cash.
  evidence_url: https://www.sec.gov/Archives/edgar/data/885508/000088550826000002/0000885508-26-000002-index.htm
- claim_id: 93f6f6dc21546c8214c1f453d6fbe32c1d2e1ea0
  claim: STRATUS PROPERTIES INC amended Tenth Modification Agreement with Comerica Bank (effective 2026-01-30).
  evidence_excerpt: Effective January 30, 2026, Stratus and certain of its wholly-owned subsidiaries named below (the Subsidiary Borrowers, and collectively with Stratus, the Borrowers), as borrowers, and Comerica Bank, as lender, entered into the Tenth Modification Agreement (the Tenth Modification), which amends that certain Loan Agreement dated June 29, 2018 by and between the Borrowers and Comerica Bank (the Loan Agreement), and that certain Second Amended and Restated Revolving Promissory Note dated March 25, 2025 by and between the Borrowers and Comerica Bank (the Note), each as previously amended.
  evidence_url: https://www.sec.gov/Archives/edgar/data/885508/000088550826000002/0000885508-26-000002-index.htm

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