Stratus Properties Sells Jones Crossing Retail Component for $46.5M Cash

Key Facts

1Stratus Properties Inc. completed the sale of the Jones Crossing retail component for $46.5 million in cash.

2Pre-tax net cash proceeds were approximately $21.7 million after selling costs and project loan repayment.

As part of its strategy to divest stabilized real estate assets, Stratus Properties Inc. announced the completion of the sale of the Jones Crossing retail component, including undeveloped commercial acreage, for $46.5 million in cash. Pre-tax net cash proceeds were approximately $21.7 million after selling costs and repayment of the project loan, according to a company statement via BusinessWire.

This sale follows three similar recent transactions for stabilized retail assets, reflecting the company's focus on portfolio restructuring. At the close of June 25, 2026, STRS shares traded at $28.88, within a daily range of $28.84–$29.13. The company has not specified plans for the proceeds, but the transaction enhances liquidity without a strategic shift.