Key Highlights:

• Completed $8.9M sale of Magnolia Place – Retail property in Magnolia, Texas.

• Generated $8.6M in pre-tax net cash proceeds from the sale.

• Stratus retains 11 acres for potential multi-family development and future reimbursements.

• Total sales at Magnolia Place reach $30.1M following this transaction.

Source (Business Wire)

Notable Quotes:

Our Take:

Stratus Properties continues to demonstrate its strategic acumen in real estate development and asset management with the successful sale of its Magnolia Place – Retail property. This transaction not only enhances their liquidity but also underscores their ability to unlock value through well-planned developments. The retained acreage and potential reimbursements suggest that Stratus is poised for future growth and returns on this project. Their approach in securing entitlements and completing infrastructure on time has been key to their successful exits in the Magnolia, Texas market. This move aligns well with Stratus’ ongoing strategy of maximizing returns while maintaining a robust portfolio for future developments.