Stratus Properties Inc. announced the appointment of Kate B. Henriksen to its Board of Directors (“Board”). Ms. Henriksen will serve as an independent Class III director, effective immediately, and will be up for election to the Board at the 2022 Annual Meeting of Stockholders. Ms. Henriksen will serve as a member of the Nominating and Corporate Governance Committee and the Compensation Committee. Following the appointment of Ms. Henriksen, Stratus’ Board of Directors comprises seven members, including six independent directors. Ms. Henriksen’s appointment, along with the recent appointment of Mr. Neville L. Rhone, Jr., are part of Stratus’ previously announced comprehensive review of Board composition. The review included an evaluation of, and interviews with, candidates suggested by a Stratus investor, Oasis Management Company. Kate B. Henriksen serves as Co-Chief Investment Officer of RLJ Lodging Trust (“RLJ”), where she oversees RLJ’s acquisition and disposition activities and helps develop and implement RLJ’s strategy.