Stratus Properties Inc. Completes Sale of Block 21 to Ryman Hospitality Properties, Inc. for $260 Million
Stratus expects to record a pre-tax gain on the sale of approximately $120 million in the second quarter of 2022 (approximately $94 million after-tax).
- Stratus expects to record a pre-tax gain on the sale of approximately $120 million in the second quarter of 2022 (approximately $94 million after-tax).
- View the full release here: https://www.businesswire.com/news/home/20220531005964/en/
Block 21 was Stratus wholly owned mixed-use real estate property in downtown Austin, Texas. - William H. Armstrong III, Chairman of the Board and Chief Executive Officer of Stratus, said, We are pleased to conclude the sale of Block 21.
- I am confident that Block 21 will continue to thrive as an Austin icon within the Ryman portfolio.