Recent Updates — STRS
Stratus Properties Inc. announced a voluntary delisting from Nasdaq and subsequent SEC deregistration as part of its Plan of Liquidation. The Board declared a special cash liquidating distribution of $5.00 per share, payable on July 20, 2026, to stockholders of record as of July 13, 2026. Stratus Properties Inc. is a real estate development company operating in Texas markets.
On June 23, 2026, Stratus Properties Inc. completed the sale of the retail component of Jones Crossing in College Station, Texas, to Brixmor Operating Partnership LP for $46.5 million in cash. The transaction included 154,092 square feet of retail space and approximately 22 undeveloped commercial acres. After paying selling costs and a $24.0 million project loan, the company received pre-tax net cash proceeds of approximately $21.7 million. Stratus retains the 21-acre multi-family component of the development. The company operates in the real estate industry, focusing on the development and management of commercial and mixed-use properties.
On June 8, 2026, Stratus Properties Inc. and its 50% owned subsidiary, Holden Hills, L.P., entered into amendments to a loan agreement with Fifth Third Bank, N.A. for the Holden Hills Phase 1 project. The amendments extend the loan maturity date to August 8, 2027, and increase the principal amount by approximately $9.9 million, resulting in a total commitment of the least of $36.0 million, 29.0% of total development costs, or a 30.0% loan-to-value ratio. The interest rate is set at one-month Term SOFR (0.50% floor) plus 3.00%, with a total floor of 3.50%. As of June 10, 2026, the outstanding principal balance was approximately $12.6 million with $12.8 million available for advances. Stratus Properties Inc. is a real estate company focused on property development.