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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.
See more data about STRS stock on TipRanks’ Stock Analysis page.