Stratus Properties Inc.

Stratus Properties Inc. is a publicly traded, Austin-based real estate company that acquires, entitles, develops, manages, operates, and sells commercial, hotel, entertainment, and residential properties. Its portfolio primarily serves customers in the Austin area, while also including selected projects elsewhere in Texas. Revenue comes from developed-property sales, commercial rental income, and hotel and entertainment operations. Incorporated in Delaware in 1992, Stratus was formed to hold and develop its former parent's domestic real estate and oil-and-gas assets; after selling its oil-and-gas properties in the 1990s, it focused solely on real estate. Its strategy centers on securing development entitlements and building projects for sale or investment.