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Subsequent Events
9 Months Ended
Sep. 30, 2025
Subsequent Events [Abstract]  
Subsequent Events SUBSEQUENT EVENTS
Subsequent to September 30, 2025, Stratus entered into an agreement, as amended, to sell Lantana Place – Retail for approximately $57.4 million. Subject to satisfaction of closing conditions, the sale is expected to close in fourth-quarter 2025. Using the proceeds from the sale, Stratus expects to repay the project loan with an approximately $29.8 million principal balance as of September 30, 2025. As a result of this transaction, Stratus estimates an income tax liability of approximately $6.7 million, which would be recognized after the sale has closed. Following the
sale, Stratus will retain The Saint Julia, the approximately 210-unit multi-family development project that is part of Lantana Place.