Stratus properties inc. completes refinancing of kingwood place

Austin, texas--(business wire)--stratus properties inc. (nasdaq: strs) (“stratus” or the “company”) today announced the closing of a $33.0 million non-recourse loan to refinance the construction loan for kingwood place, an h-e-b-anchored retail project in kingwood, texas (in the greater houston area). stratus owns approximately 60 percent of kingwood place through a limited partnership with third-party equity investors. the new loan matures december 1, 2027, has a tighter interest rate spread t.
STRS Ratings Summary
STRS Quant Ranking