The St. Joe Company enters the apartment management business through a joint venture with HomeCorp

The St. Joe Company enters the apartment management business through a joint venture with HomeCorp

The St. Joe Company is a real estate development, asset management and operating company with real estate assets and operations in Northwest Florida. The Company intends to use existing assets for residential, hospitality and commercial ventures. St. Joe has significant residential and commercial land-use entitlements. The Company actively seeks higher and better uses for its real estate assets through a range of development activities. More information about the Company can be found on its website at www.joe.com. On a regular basis, the Company releases a video showing progress on projects in development or under construction. See https://www.joe.com/video-gallery for more information.

About The St. Joe Company

About HomeCorp

Important Notice Regarding Forward-Looking Statements

In total, St. Joe’s apartment portfolio includes 1,117 units. Of those, as of June 10, 2021, 432 are completed and are 99% leased with an additional 685 units under construction. Additional apartment communities are in the planning and engineering stages.

This press release contains “forward-looking statements,” within the meaning of Section 21E of the Securities Exchange Act of 1934, including statements regarding the anticipated activities of this new apartment management venture. These forward-looking statements are qualified in their entirety by cautionary statements and risk factors set forth in St. Joe’s filings with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2020, its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 and subsequent filings, as well as the following: (1) the ability of St. Joe to complete its current apartment community projects under construction and (2) the continued interest of tenants in Northwest Florida.

St. Joe has additional planned apartment community projects under construction or in the planning stages that are planned to be managed by this new venture. “We intend to continue to pursue new apartment communities on our land holdings,” said Dan Velazquez, Senior Vice President of Commercial Real Estate for St. Joe. “This new venture into apartment community management enables us to vertically integrate in this category and to capture more recurring revenue from our projects, while tapping into the management expertise of our partner, HomeCorp.”

Source www.businesswire.com

©The St Joe Company 2021. “St. Joe®”, “JOE®”, the “Taking Flight” Design®, “St. Joe (and Taking Flight Design) ®”, “Watersound Origins®”, and “Pier Park®” are registered service marks of The St. Joe Company or its affiliates.

HomeCorp, a fully integrated real estate organization since 1987, is a recognized leader in the ownership, management, acquisition and development of multi-family residences. More information about HomeCorp can be found on its website at www.homecorpinc.com.

The News Highlights

  • The St. Joe Company enters the apartment management business through a joint venture with HomeCorp
  • Check the latest News news updates and information about business, finance and more.
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Support for GTA Online, Max Payne 3, and L.A. Noire on Xbox 360 will be phased off this year

Support for GTA Online, Max Payne 3, and L.A. Noire on Xbox 360 will be phased off this year

On September 16th, the sale of GTA Online’s in-game Shark Cards items will be discontinued and online support and website stat tracking for Max Payne 3 and ...
A Company Fined more than £100,000 after it imported fake Apple chargers

Foxconn and TSMC, two Apple iPhone suppliers, will purchase millions of COVID-19 vaccines for Taiwan

The issue is that China considers Taiwan a part of the country and not an independent country of its own. China has been reportedly trying to block Taiwan’s ...
Starter Options: Assessment First, Strategy Second |  personal finances

Starter Options: Assessment First, Strategy Second | personal finances

Gillies: As someone who’s set up one of two giant PCF models, that’s some few hours I never going to get back, but you want to start getting an ...
Xbox and Bethesda Games are putting on a spectacle

Xbox and Bethesda Games are putting on a spectacle

They also have an additional option for people who are interested in console gaming but also don’t want to necessarily put out a lot of money at the upfront. ...
Don’t miss important ITR deadlines.  Full list

Don’t miss important ITR deadlines. Full list

September will be a hectic month with deadlines for various tax filings. The last date to pay your 2nd advance tax FY21 is September 15. Meanwhile, you will ...
Chris Paul is still on COVID’s health and safety protocols the day before Game 1 vs.  Clippers

Chris Paul is still on COVID’s health and safety protocols the day before Game 1 vs. Clippers

To return to the court, Paul has to have two negative coronavirus tests 24 hours apart, plus pass a cardiac stress test. Officially, CP3 is in the league’s ...
Shades of Gray Considering 31 Cryptographic Assets for Investment Products – Bitcoin News

Shades of Gray Considering 31 Cryptographic Assets for Investment Products – Bitcoin News

Image Credits: Shutterstock, Pixabay, Wiki Commons What do you think about all these crypto assets Grayscale is considering making into investment ...
Registration Open for Virtual 2021 Vital Aging Conference

Registration Open for Virtual 2021 Vital Aging Conference

The theme of this year’s Vital Aging Conference is Resilient and Ready! The event is free and will be entirely online this coming Thursday, June 24 from 8:30 ...
MacRumors had a look at watchOS 8

Consumer Walk tallied early Apple Watch, iPad, iPhone, AirPods, MacBook, iMac, and Apple TV sales

BOSTON, Jun 18, 2021–(BUSINESS WIRE)–Compare all the latest early Apple deals for Prime Day, featuring MacBook, iPad (Pro, Air, mini), Apple Watch (6, SE, ...
Auto Show Raises Money for Relay for Life |  WDVM25 and DCW50

Auto Show Raises Money for Relay for Life | WDVM25 and DCW50

Last year, Cruise for a Cure was able to hold a small cruising event to raise money for Relay for Life while abiding by COVID safety precautions. “It means ...
Show next
Compsmag - Latest News from tech, business and health
Logo