Stratus Properties Inc. Completes Sale of West Killeen Market
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 27 2025
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Source: Newsfilter
Sale of West Killeen Market: Stratus Properties Inc. has completed the sale of its West Killeen Market retail property for $13.3 million, resulting in approximately $7.8 million in pre-tax net cash proceeds after expenses and loan repayment. This sale exceeded the property's gross value as per Stratus' net asset value calculation.
Company Overview and Future Outlook: Stratus Properties focuses on real estate development and management in Texas, with a portfolio that includes residential and commercial properties. The company emphasizes its strategic ability to enhance shareholder value, while also cautioning investors about potential risks affecting future performance.
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About STRS
Stratus Properties Inc. is a residential and retail-focused real estate company. The Company is engaged primarily in the entitlement, development, management, leasing and sale of multifamily and single-family residential and commercial real estate properties in the Austin, Texas area and other select markets in Texas. It operates through two segments: Real Estate Operations and Leasing Operations. In addition to its developed properties, it has a development portfolio that consists of approximately 1,500 acres of commercial and residential projects under development or undeveloped land held. Its commercial real estate portfolio consists of stabilized retail properties or future retail and mixed-use development projects with no commercial office space. The Leasing Operations segment is comprised of its real estate assets held for investment that are leased or available for lease and includes The Saint June, Kingwood Place, Kingwood Place and Jones Crossing.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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