secwatch.observer — SEC 8-K summary
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Issuer:     STRATUS PROPERTIES INC (STRS)
CIK:        0000885508
Form:       8-K
Filed at:   2026-02-05T23:59:59+00:00
Accession:  0000885508-26-000002
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885508/000088550826000002/0000885508-26-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885508/000088550826000002/strs-20260130.htm
  HTML page:      https://secwatch.observer/filing/0000885508-26-000002

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