Stratus Properties gets construction financing for Kingwood Place [Seeking Alpha]
Stratus Properties Inc. (STRS)
US:NASDAQ Investor Relations:
stratusproperties.com/investors
Company Research
Source: Seeking Alpha
Stratus Properties ( STRS ) gets a construction loan for about $32.9M to finance almost 70% of the costs for building Kingwood Place, a $48M HEB-anchored mixed-use development project in Kingwood, TX. The remaining 30% of the project's cost is being funded by borrower equity, contributed by Stratus and private equity investors. The loan replace the land acquisition loan agreement dated Aug. 6, 2018. The new loan will mature Dec. 6, 2022, with the potential for two twelve-month extensions. Previously: Stratus Properties boosts revolving credit facility, extends maturity (July 5) See all stocks on the move » Now read: Do You Buy SmartCentres REIT And Its 5.6%-Yielding Dividend? » Subscribe for full text news in your inbox
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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 Million [Yahoo! Finance]Yahoo! Finance
- Stratus Properties Inc. Completes Sale of Approximately 47 Acres at Magnolia Place for $14.5 MillionBusiness Wire
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