Stratus properties inc. completes sale of approximately 47 acres at magnolia place for $14.5 million

Austin, texas--(business wire)--stratus properties inc. (nasdaq: strs) (“stratus” or the “company”) today announced that it completed the previously disclosed sale of approximately 47 acres at magnolia place for $14.5 million. the sale generated pre-tax net cash proceeds to stratus of approximately $5.3 million, after transaction expenses and payment of the remaining $8.8 million project loan. with the completion of this sale and prior sales of portions of the project, magnolia place, which is.
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