Stratus Properties Inc. Files 8-K for Material Agreement

TL;DR

Stratus Properties Inc. signed a big deal on Oct 17th. 8-K filed.

AI Summary

Stratus Properties Inc. entered into a material definitive agreement on October 17, 2025. The company, incorporated in Delaware, is a land subdivider and developer. This filing is a current report under the Securities Exchange Act of 1934.

Why It Matters

This filing indicates a significant new development or contract for Stratus Properties Inc., which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities, the specifics of which are not detailed in this initial filing.

Key Players & Entities

• STRATUS PROPERTIES INC (company) — Registrant
• October 17, 2025 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of Incorporation
• 72-1211572 (ein) — I.R.S. Employer Identification Number
• 212 Lavaca St., Suite 300 Austin, Texas 78701 (address) — Address of Principal Executive Offices
• 512-478-5788 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share STRS The NASDAQ Stock Market
• $57.4 million — , for a purchase price of approximately $57.4 million. The Purchase Agreement, pursuant to it
• $29.8 million — the project loan with an approximately $29.8 million principal balance as of September 30, 2
• $250,000 — Purchase Agreement, Purchaser deposited $250,000 in earnest money in escrow toward the p

Filing Documents

• strs-20251017.htm (8-K) — 34KB
• exhibit101agreementofsalea.htm (EX-10.1) — 289KB
• exhibit102firstamendmentto.htm (EX-10.2) — 94KB
• strs-20251017_g1.jpg (GRAPHIC) — 14KB
• 0000885508-25-000063.txt ( ) — 659KB
• strs-20251017.xsd (EX-101.SCH) — 2KB
• strs-20251017_def.xml (EX-101.DEF) — 7KB
• strs-20251017_lab.xml (EX-101.LAB) — 25KB
• strs-20251017_pre.xml (EX-101.PRE) — 18KB
• strs-20251017_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement . Lantana Place, L.L.C. (Seller), a Texas limited liability company and a wholly-owned subsidiary of Stratus Properties Inc. (Stratus), entered into an Agreement of Sale and Purchase, as amended (the Purchase Agreement), with Scripps CMH LLC, a Delaware limited liability company, as to an undivided 75.412% interest, and Lantana SRB LLC, a Wyoming limited liability company, as to an undivided 24.588% interest, as tenants-in-common (collectively, Purchaser), pursuant to which Seller agreed to sell to Purchaser the real and personal property associated with the retail component of Lantana Place (Lantana Place – Retail), for a purchase price of approximately $57.4 million. The Purchase Agreement, pursuant to its terms, became binding on October 17, 2025, upon the agreement by Seller and Purchaser to the final form of a development agreement (the Development Agreement), as discussed below. Subject to the satisfaction of closing conditions, the sale is expected to close in the fourth quarter of 2025. Using the proceeds from the sale, Stratus expects to repay the project loan with an approximately $29.8 million principal balance as of September 30, 2025. Lantana Place – Retail is part of Stratus' mixed-use development project within the Lantana community south of Barton Creek in Austin, Texas. Lantana Place – Retail consists of a 99,377-square-foot retail space, including anchor tenant, Moviehouse & Eatery, and a ground lease for an AC Hotel by Marriott. Following the sale, Stratus will retain the property planned for an approximately 210-unit multi-family development project that is part of Lantana Place, which Stratus refers to as The Saint Julia. Stratus will also retain remaining entitlements for 160,000 square feet of commercial use on five acres in the Lantana community. In connection with the Purchase Agreement, on October 17, 2025, Seller and Purchaser agreed to the final form of the Development Agreement,

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits . (d) Exhibits. Exhibit Number Exhibit Title 10.1 Agreement of Sale and Purchase by and between Lantana Place, L.L.C., as seller, and Scripps CMH LLC and Lantana SRB LLC, as purchasers, dated as of September 3, 2025. 10.2 First Amendment to Agreement of Sale and Purchase by and between Lantana Place, L.L.C., as seller, and Scripps CMH LLC and Lantana SRB LLC, as purchasers, effective as of October 17, 2025. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Stratus Properties Inc. By: /s/ Erin D. Pickens Erin D. Pickens Senior Vice President and Chief Financial Officer (authorized signatory and Principal Financial Officer and Principal Accounting Officer) Date: October 23, 2025

View Full Filing

View this 8-K filing on SEC EDGAR