The St. Joe Company is a real estate development and operating company, asset management and operating company with real estate assets and operations concentrated primarily between Tallahassee and Destin, Florida. The Company has residential and commercial land-use entitlements in hand or in process. The Company operates through five segments. The Company's residential real estate segment plans and develops mixed-use resort, primary and seasonal residential communities of various sizes, primarily on the Company's existing land. Its commercial real estate segment plans, develops, manages and sells real estate, including commercial operating property, for commercial purposes. The resorts and leisure segment's business includes WaterColor Inn and Vacation Rentals, Clubs and Resorts, and St. Joe Club & Resorts. The Company's leasing operations business includes its retail and commercial leasing. Its forestry segment focuses on the management of its timber holdings in Northwest Florida.