Stratus Properties to pursue liquidation, sell all assets, distribute proceeds to stockholders

STRATUS PROPERTIES INC

Board unanimously concluded strategic alternatives review; will pursue plan of liquidation and dissolution.
Plan entails sale of all or substantially all assets, distribution of net proceeds to stockholders, then dissolution.
Recently sold Kingwood Place, Lantana Place, West Killeen Market at premium to Dec 2024 gross values, boosting cash.
Proxy statement to be filed with SEC for stockholder approval; lender and third-party consents required.
Eastdil Secured serving as financial advisor; Jones Walker, Sidley Austin, Morris Nichols as legal advisors.

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