THE ST. JOE COMPANY

“This apartment community gives St. Joe an opportunity to partner with an industry-leader in Flournoy to meet the current and future demand that we are seeing in Panama City Beach,” said Dan Velazquez, Senior Vice President of Commercial Real Estate for St. Joe. “We look forward to the construction of these apartment homes and making them available for lease to prospective residents.”

“Walton County is growing in both population and new businesses,” said Jorge Gonzalez, President and CEO of St. Joe. “The planned location of this self-storage facility at South Walton Commerce Park is in close proximity to much of that growth and the facility is being designed to meet the needs of both local residents and the business community. This project further advances our strategy of pursuing opportunities to create recurring income for the creation of long-term shareholder value while meeting the demands of the local marketplace.”

"After a period of planning and preparation, we are excited to begin development at Latitude Margaritaville Watersound. We believe that Northwest Florida is the perfect location for this Latitude Margaritaville community. This region is uniquely suited to offer the type of lifestyle residents of these communities have come to enjoy.”

“There is a tremendous amount of work, dedication and attention to detail that goes on behind the scenes to further our legacy of offering the finest in hospitality – and we have our teams to thank for that. We’re proud of everyone at The Pearl and WaterColor Inn for consistently surpassing the rigorous benchmarks of our industry,” said Patrick Murphy, Senior Vice President for St. Joe.