Stratus Properties Refinances Loan for Kingwood Place

Stratus Properties ( (STRS) ) just unveiled an announcement.

Stratus Properties Inc. has successfully refinanced a $33 million loan for Kingwood Place, a retail project in Texas, with a new maturity date in 2027. This strategic move, featuring a more favorable interest rate, is expected to yield around $2 million in payments and distributions, enhancing cash flow while market conditions improve. The refinancing underscores Stratus’s commitment to leveraging lower rates and maintaining valuable assets.

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