Stratus properties inc. announces agreement to sell the santal for $152 million

Austin, texas--(business wire)--stratus properties inc. (nasdaq: strs) (“stratus” or the “company”) today announced an agreement to sell the santal for $152 million, or approximately $339 thousand per unit, in cash. the santal is stratus' wholly owned 448-unit garden-style, multi-family luxury apartment complex located in section n of austin's upscale barton creek community. the sales price represents a premium of approximately 96% to stratus' estimated net asset value of the santal (after tax
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