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Stock impact report

The St. Joe Company and Watercrest Senior Living Group Announce Plans for a New Senior Living Community in Northwest Florida

St. Joe Company (The) (JOE) 
Last st. joe company (the) earnings: 10/31 04:10 pm Check Earnings Report
US:NYSE Investor Relations: ir.joe.com
Company Research Source: Business Wire
WATERSOUND, Fla.--(BUSINESS WIRE)-- The St. Joe Company (NYSE: JOE) (“St. Joe”) and Watercrest Senior Living Group, LLC (“Watercrest”) today announced their intent to pursue formation of a joint venture to construct and own a new assisted living and memory care community in Santa Rosa Beach, FL. The community is currently expected to consist of 107 units, which includes 75 units dedicated to assisted living and 32 units for memory care. The new senior living community will be located off West Hewett Road, near Highway 98 and the west end of Highway 30A, on St. Joe land. The parties expect that while St. Joe will be the majority owner in the project, Watercrest will manage community operations. Watercrest communities are known for featuring premium accommodations and exceptional amenities and world-class care. Residents enjoy access to a wide array of resort-style amenities, which may include fine dining Show less Read more
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