<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from Stratus
Properties Inc.'s financial statements at September 30, 2000 and the nine months
then ended, and is qualified in its entirety by reference to such statements.

<CIK> 0000885508
<NAME> STRATUS PROPERTIES INC.
<MULTIPLIER> 1000

                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-END>                               SEP-30-2000
<CASH>                                           3,626
<SECURITIES>                                         0
<RECEIVABLES>                                       70
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                 5,629
<PP&E>                                          91,816
<DEPRECIATION>                                     267
<TOTAL-ASSETS>                                 110,215
<CURRENT-LIABILITIES>                            1,997
<BONDS>                                         15,422
<PREFERRED-MANDATORY>                           10,000
<PREFERRED>                                          0
<COMMON>                                           143
<OTHER-SE>                                      74,733
<TOTAL-LIABILITY-AND-EQUITY>                   110,215
<SALES>                                          6,980
<TOTAL-REVENUES>                                 6,980
<CGS>                                            4,902
<TOTAL-COSTS>                                    4,902
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 582
<INCOME-PRETAX>                                  8,057
<INCOME-TAX>                                        40
<INCOME-CONTINUING>                              8,017
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     8,017
<EPS-BASIC>                                       0.56
<EPS-DILUTED>                                     0.49