Stratus Properties Inc. Completes Sale of Approximately 47 Acres at Magnolia Place for $14.5 Million [Yahoo! Finance]
Stratus Properties Inc. (STRS)
US:NASDAQ Investor Relations:
stratusproperties.com/investors
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Source: Yahoo! Finance
completed the previously disclosed sale of approximately 47 acres at Magnolia Place for $14.5 million. The sale generated pre-tax net cash proceeds to Stratus of approximately $5.3 million, after transaction expenses and payment of the remaining $8.8 million project loan. With the completion of this sale and prior sales of portions of the project, Magnolia Place, which is 100% owned by Stratus, consists of two fully-leased retail buildings totaling 18,582 square feet, 11 acres planned for approximately 275 multi-family units and approximately $12.1 million of potential future reimbursements from the municipal utility district, with no debt. Magnolia Place is a mixed-use project in Magnolia, Texas, shadow-anchored by a 95,000-square-foot H-E-B grocery store on an adjoining 18-acre site owned by H-E-B. The land included in the sale was planned for up to 600 multi-family units, a second phase of retail development and up to seven pad sites. Previously at Magnolia Place, Stratus sold tw
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News
- Stratus Properties Inc. Reports Year Ended December 31, 2023 ResultsBusiness Wire
- Stratus Properties Inc. (NASDAQ: STRS) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Stratus Properties Inc. (NASDAQ: STRS) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Stratus Properties Inc. Completes Sale of Approximately 47 Acres at Magnolia Place for $14.5 MillionBusiness Wire
- Stratus Properties Inc. Responds to Unsolicited, Non-Binding Acquisition Proposal [Yahoo! Finance]Yahoo! Finance
STRS
Analyst Actions
- 2/1/24 - TheStreet
STRS
Sec Filings
- 4/8/24 - Form ARS
- 4/8/24 - Form DEF
- 4/3/24 - Form 4
- STRS's page on the SEC website