Stratus

Stratus Properties Inc. Announces Exploration of Conversion to a Real Estate Investment Trust

Monday, September 21, 2020 - 1:30pm

Stratus has engaged financial, tax, accounting and legal advisors, and the Board will closely evaluate a potential REIT conversion and determine whether it is in the best interests of its shareholders.

Key Points: 
  • Stratus has engaged financial, tax, accounting and legal advisors, and the Board will closely evaluate a potential REIT conversion and determine whether it is in the best interests of its shareholders.
  • Stratus can give no assurance that its Board will approve a conversion to a REIT, even if there are no impediments to such conversion.
  • Stratus exploration of a potential REIT conversion may divert management's attention from traditional business concerns.
  • If Stratus determines to convert to a REIT, Stratus cannot give assurance that it will qualify or remain qualified as a REIT.

Stratus Building Solutions Debuts Master Franchise Territory in Orlando, Florida

Wednesday, September 16, 2020 - 11:00pm

ORLANDO, Fla., Sept. 16, 2020 /PRNewswire-PRWeb/ -- Stratus Building Solutions , the nation's leading green commercial cleaning and janitorial services franchise, has announced that Matt and Amy McCartney are opening the newest Master Franchise location in Orlando, Florida.

Key Points: 
  • ORLANDO, Fla., Sept. 16, 2020 /PRNewswire-PRWeb/ -- Stratus Building Solutions , the nation's leading green commercial cleaning and janitorial services franchise, has announced that Matt and Amy McCartney are opening the newest Master Franchise location in Orlando, Florida.
  • "We are thrilled to have Matt and Amy McCartney join the Stratus team as master franchisors," says Afshin Cangarlu , Stratus Building Solutions' CEO.
  • Based in Los Angeles, Stratus Building Solutions offers regional Master Franchise opportunities that enable owners to operate as local sales and support centers.
  • Stratus Building Solutions is an international franchise company in the commercial cleaning industry, founded in 2006 and headquartered in Los Angeles, California.

Stratus Building Solutions Named A "Top Growth Franchise" By Entrepreneur Magazine

Wednesday, September 9, 2020 - 8:00pm

LOS ANGELES, Sept. 9, 2020 /PRNewswire-PRWeb/ --Stratus Building Solutions was recently ranked in Entrepreneur magazine's first Top Growth Franchises list.

Key Points: 
  • LOS ANGELES, Sept. 9, 2020 /PRNewswire-PRWeb/ --Stratus Building Solutions was recently ranked in Entrepreneur magazine's first Top Growth Franchises list.
  • Thanks to its exceptional growth, Stratus Building Solutions was ranked #10.
  • "We are thrilled with this amazing honor from Entrepreneur Magazine," says Afshin Cangarlu , Stratus Building Solutions' CEO.
  • Stratus Building Solutions is an international franchise company in the commercial cleaning industry, founded in 2006 and headquartered in Los Angeles, California.

Stratus Building Solutions Expands Master Franchise Territory in Atlanta, Georgia

Wednesday, September 9, 2020 - 3:00pm

"Gary Graves is already succeeding in the Atlanta area, and we are thrilled he's decided to add to his territory," said Afshin Cangarlu , Stratus Building Solutions' CEO.

Key Points: 
  • "Gary Graves is already succeeding in the Atlanta area, and we are thrilled he's decided to add to his territory," said Afshin Cangarlu , Stratus Building Solutions' CEO.
  • Based in Los Angeles, Stratus Building Solutions offers regional Master Franchise opportunities that enable owners to operate as local sales and support centers.
  • Master franchisees across the United States and Canada help others uncover the potential of the Stratus Building Solutions Unit Franchise opportunity and choose the specific model/investment that fits their lifestyle/financial goals.
  • Stratus Building Solutions is an international franchise company in the commercial cleaning industry, founded in 2006 and headquartered in Los Angeles, California.

Stratus Building Solutions Debuts Master Franchise Territory in Columbus, Ohio

Tuesday, September 8, 2020 - 3:05pm

COLUMBUS, Ohio, Sept. 8, 2020 /PRNewswire-PRWeb/ -- Stratus Building Solutions , the nation's leading green commercial cleaning and janitorial services franchise, has announced that Adam Limbach has opened the newest Master Franchise location in Columbus, Ohio.

Key Points: 
  • COLUMBUS, Ohio, Sept. 8, 2020 /PRNewswire-PRWeb/ -- Stratus Building Solutions , the nation's leading green commercial cleaning and janitorial services franchise, has announced that Adam Limbach has opened the newest Master Franchise location in Columbus, Ohio.
  • Limbach believes Columbus is a great market to start the newest Stratus Building Solutions Master Franchise location.
  • "We are thrilled that Adam Limbach has joined the Stratus team as a master franchisor," says Afshin Cangarlu , Stratus Building Solutions' CEO.
  • Based in Los Angeles, Stratus Building Solutions offers regional Master Franchise opportunities that enable owners to operate as local sales and support centers.

Kinemagic Announces Transformative Point Cloud Integration Feature in Stratus

Tuesday, July 28, 2020 - 5:00pm

NEW ORLEANS, July 28, 2020 /PRNewswire-PRWeb/ -- Kinemagic, the software pioneer creating evolutionary AR and VR experiences, announced today its proprietary software Stratus now features Point Cloud Integration.

Key Points: 
  • NEW ORLEANS, July 28, 2020 /PRNewswire-PRWeb/ -- Kinemagic, the software pioneer creating evolutionary AR and VR experiences, announced today its proprietary software Stratus now features Point Cloud Integration.
  • Kinemagic's Point Cloud Integration tool is ideally timed for this year's shifting of facility investment dollars.
  • The Point Cloud Integration tool supports this emphasis on enhancing yield at lowest cost and risk.
  • With Stratus' new Point Cloud Integration, point clouds can be viewed in VR, or more powerfully, can be overlaid onto the facility's CAD design in VR.

Stratus Properties Inc. to Hold Second-Quarter 2020 Conference Call on Monday, August 10, 2020

Wednesday, July 15, 2020 - 4:00pm

The complete earnings release and replay of the conference call will be available on Stratus website, stratusproperties.com.

Key Points: 
  • The complete earnings release and replay of the conference call will be available on Stratus website, stratusproperties.com.
  • Stratus is a diversified real estate company engaged primarily in the acquisition, entitlement, development, management, operation and sale of commercial and multi-family and single-family residential real estate properties, and the operation of hotel and entertainment businesses located in the Austin, Texas area and other select, fast-growing markets in Texas.
  • A copy of this release is available on Stratus' website, stratusproperties.com .
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20200715005526/en/

Stratus Launches New Program, Strengthens Support for Channel Partners and Customers

Tuesday, June 16, 2020 - 2:01pm

The new program offers unique tools to loyal partners committed to delivering Stratus computing platforms to their customers and creates a more extensive network of highly engaged partners.

Key Points: 
  • The new program offers unique tools to loyal partners committed to delivering Stratus computing platforms to their customers and creates a more extensive network of highly engaged partners.
  • Supplying customers with best-in-class edge technology has been a top priority through our decade long partnership with Stratus, Gary Tillery, Director, Technology & Alliance Partners at AVEVA .
  • Stratus is proud of our collaborative approach to helping partners and our mutual customers succeed in the Edge Computing space.
  • Complementing the Partner Program is the Stratus Partner Portal , which provides channel partners access all the information required for success.

Stratus Properties Inc. to Hold First-quarter 2020 Conference Call on Thursday, June 25, 2020

Wednesday, June 3, 2020 - 4:00pm

The complete earnings release and replay of the conference call will be available on Stratus website, stratusproperties.com .

Key Points: 
  • The complete earnings release and replay of the conference call will be available on Stratus website, stratusproperties.com .
  • Stratus is a diversified real estate company engaged primarily in the acquisition, entitlement, development, management, operation and sale of commercial and multi-family and single-family residential real estate properties, and the operation of hotel and entertainment businesses located in the Austin, Texas area and other select, fast-growing markets in Texas.
  • A copy of this release is available on Stratus' website, stratusproperties.com
    View source version on businesswire.com: https://www.businesswire.com/news/home/20200603005420/en/

Stratus Properties Inc. Announces Ryman’s Termination of Agreement to Purchase Block 21

Friday, May 22, 2020 - 1:00pm

Stratus Properties Inc. (NASDAQ: STRS) announced today that Ryman Hospitality Properties, Inc. (Ryman) terminated its agreement with Stratus to purchase Block 21, Stratus wholly owned mixed-use real estate development and entertainment business in downtown Austin, Texas.

Key Points: 
  • Stratus Properties Inc. (NASDAQ: STRS) announced today that Ryman Hospitality Properties, Inc. (Ryman) terminated its agreement with Stratus to purchase Block 21, Stratus wholly owned mixed-use real estate development and entertainment business in downtown Austin, Texas.
  • As a result of the termination of the transaction, Ryman has forfeited to Stratus Rymans $15 million of earnest money deposited in escrow in connection with the execution of the purchase agreement in December 2019.
  • William H. Armstrong III, Chairman of the Board, President and Chief Executive Officer of Stratus, said, We are disappointed that the sale of Block 21 to Ryman will not be completed; however, we understand Rymans termination given the intervening COVID-19 pandemic.
  • We believe Block 21 is a great asset and we remain focused on its continued success in Austin.