- June 11, 2021
- Posted by: Stratford Team
- Category: Business
PANAMA CITY BEACH, Fla.–(BUSINESS WIRE)–The St. Joe Company (NYSE: JOE) (“St. Joe”) and HomeCorp today announced the formation of a joint venture partnership to create a new apartment management company. The new company will initially manage the Watersound Origins Crossings and Pier Park Crossings apartment communities, both of which are joint ventures between St. Joe and HomeCorp.
“This is a natural next step in our relationship with St. Joe,” stated Herbert Scheuer, Principal of HomeCorp. “Together we are having success with our apartment communities in Northwest Florida. Going forward we will be able to jointly manage those projects as well as some of the apartment communities that St. Joe plans to open in the future.”
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…