05:20 PM EDT, 03/11/2026 (MT Newswires) -- Stratus Properties ( STRS ) said late Wednesday its board has concluded the strategic alternatives review announced in December 2025 and determined that pursuing a plan of liquidation and dissolution is the best course of action for the company and its stockholders.

Stratus said the plan includes the sale of all assets, and the company will be dissolved after distributing the net proceeds to stockholders.

The board believes this offers the best path to maximize the value of Stratus' remaining portfolio and to return cash to stockholders in a tax-efficient way. The plan will be subject to approval by the board and stockholders, Stratus added.

In the short-term, the board said it will keep assessing the plan to finalize an estimation of liquidating distributions, to get lender consent for the plan under its loan agreements, and to obtain consent from relevant third parties and partnerships.

Stratus said it will also prepare a proxy statement detailing the plan to be filed with the US Securities and Exchange Commission.