Stratus properties inc. completes sale of west killeen market

Austin, texas--(business wire)--stratus properties inc. (nasdaq: strs) (“stratus”) today announced that it has completed the previously disclosed sale of its 100% owned, stabilized west killeen market retail property for $13.3 million, generating pre-tax net cash proceeds of approximately $7.8 million, after transaction expenses and payment of the remaining $5.2 million project loan. the sales price of west killeen market is a premium to the gross value presented in stratus' net asset value cal.
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