The group's principal activities are to provide a broad range of residential and commercial real estate services. The group operates through four business segments. Community development segment develops large-scale, mixed- use communities on land. Commercial real estate development and services segment develops and sells real estate for commercial purposes. Land sales segment markets parcels included in the group's vast holdings of timberlands in northwest Florida. The forestry segment focuses on the management and harvesting of our extensive timberland holdings. In 2003, the group acquired 26% interest in st. Joe/arvida company lp.
