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Press release content from Business Wire. The AP news staff was not involved in its creation. Stratus Properties Inc. Reports First-Quarter 2021 Results May 10, 2021 GMT AUSTIN, Texas (BUSINESS WIRE) May 10, 2021 Stratus Properties Inc. (NASDAQ: STRS), a diversified real estate company with holdings, interests and operations focused in the Austin, Texas area and other select, fast-growing markets in Texas, today reported first-quarter 2021 results. Highlights and Recent Developments: In January 2021, Stratus sold The Saint Mary, a 240-unit luxury garden-style apartment project in the Circle C community, for $60.0 million, or $250,000 per unit. Stratus believes the sales price is the highest per unit sales price ever recorded in the Austin MSA for similar properties. Stratus received $20.9 million from its subsidiary in connection with the sale and $12.9 million of the net proceeds were distributed to the noncontrolling interest owners. Stratus recognized a gain on the sale o

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