STRATUS PROPERTIES INC - 8-K Filing
Stratus Properties Inc. completed the sale of the retail component of Jones Crossing for $46.5 million in cash, generating pre-tax net proceeds of approximately $21.7 million after selling costs and repayment of a $24.0 million project loan. The transaction includes undeveloped commercial acreage but excludes Stratus' retained 21-acre multi-family property at the site. (Items: 2.01 Completion of Acquisition or Disposition of Assets, 8.01 Other Events, 9.01 Financial Statements and Exhibits)
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