The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida, the United States. It operates through four segments: Residential Real Estate, Hospitality, Commercial Leasing and Sales, and Forestry. The Residential Real Estate segment plans and develops residential communities of various sizes. It primarily sells developed homesites and parcels of entitled undeveloped land. The Hospitality segment owns and operates a private membership club, hotel operations, food and beverage operations, golf courses, beach clubs, retail outlets, gulf-front vacation rentals, management services, marinas, and other entertainment assets. The Commercial Leasing and Sales segment constructs and leases multi-family, retail, office, and commercial properties, as well as cell towers and other assets. It also plans, develops, entitles, manages, and sells commercial land holdings for retail, office, hotel, assisted-living, multi-family, and industrial uses. The Forestry segment grows and sells pulpwood, saw timber, and other forest products. As of December 31, 2019, it had approximately 175,000 acres in Northwest Florida. The St. Joe Company was founded in 1936 and is headquartered in Watersound, Florida.