Town Square amenities include Latitude Bar & Chill restaurant, Paradise Pool & more

PANAMA CITY BEACH, Fla.–(BUSINESS WIRE)–Latitude Margaritaville Watersound development partners have announced the opening of the community’s Latitude Town Square amenities. Latitude Margaritaville Watersound is located on Northwest Florida’s gorgeous Emerald Coast near Panama City Beach and the Scenic Highway 30A corridor and is being developed in a dynamic partnership between master developer Minto Communities USA (“Minto”), global lifestyle brand Margaritaville Holdings, and The St. Joe Company (NYSE: JOE) (“St. Joe”).

The new Latitude Margaritaville Watersound Town Square is situated on the Intracoastal Waterway and features a terraced amphitheater, thatched roof bandshell with full-size concert stage and jumbo screen for concerts and movies. A special recessed dance floor provides a little give and spring for dancing. Dining options include a two-story Latitude Bar & Chill restaurant with rooftop Overlook Bar, all providing stunning views of the Intracoastal Waterway.

The lagoon-style Paradise Pool with beach-like gradual entry features an expansive deck and shaded Tiki Island. For indoor swimming, the state-of-the-art Fins Up! Fitness Center includes a lap pool and spa, in addition to workout equipment, spin room, fitness classes and a robust wellness program. Tennis and pickleball courts have lighting for night play, along with bocce ball courts and an outdoor games area with cornhole, billiards and a putting green. Additionally, the community now features a Barkaritaville Dog Park where canine residents can romp and play. Future planned amenities include a Workin’ N’ Playin’ Center with the Last Mango Theater, Hangar Workshop for golf cart tune ups, and Barkaritaville Pet Spa.

Latitude Margaritaville Watersound is the third of the incredibly popular, award-winning Latitude Margaritaville communities, and the first to be developed in partnership with St. Joe. The first two communities by Minto and Margaritaville are located in Daytona Beach, Florida and near Hilton Head, South Carolina. Minto and Margaritaville plan additional Latitude Margaritaville communities for Texas, as well as other popular destinations.

Latitude Margaritaville’s all-new approach to active adult living has captured the imagination of today’s vibrant 55 and better home buyers who are growing older…but not up, and home sales have exceeded all expectations.

The Latitude Margaritaville Watersound sales center and model homes are open daily. Four distinct home collections — the Conch Cottage Collection, Caribbean Villas Collection, and Beach and Island Collections of single-family homes — capture the “no worries” tropical vibe that defines Latitude Margaritaville. Floor plans range from 1,210 to 2,568 square feet under air with pricing from the low $300s.

Latitude Margaritaville Watersound is situated in the heart of St. Joe’s vast Bay-Walton Sector Plan that encompasses approximately 110,500 acres with approximately 15 miles of frontage on the Intracoastal Waterway. Just a short drive from the famed Scenic Highway 30A corridor with its beautiful white-sand beaches, this region is the embodiment of the relaxed, beachy vibe that is at the heart of the Latitude Margaritaville lifestyle.

In addition to the many Latitude Margaritaville amenities, St. Joe has plans for a future full-service public marina and Watersound West Bay Center, a commercial village adjacent to the community. St. Joe is also developing a health care campus, along with Tallahassee Memorial Healthcare and Florida State University (FSU) College of Medicine, located just minutes from Latitude Margaritaville Watersound. The healthcare campus is located on an 87-acre parcel near the intersection of State Highway 79 and Phillip Griffitts Sr. Parkway. In addition to the planned 100-bed inpatient facility, FSU intends to utilize the campus for research focused on successful aging and senior living technology. Phase 1 is currently under construction.

The Latitude Margaritaville Watersound sales center is located at 9201 Highway 79, Panama City Beach, Florida. Model homes are open daily, Monday through Saturday, 9 a.m. to 5 p.m.; Sunday 11 a.m. to 5 p.m. Central. For information, call 866-524-0144.

For more information on Latitude Margaritaville and to sign up to receive regular development updates, visit www.LatitudeMargaritaville.com. Follow Latitude Margaritaville on Facebook at www.facebook.com/LatitudeMargaritaville and on Instagram and Twitter at @LatitudeMville.

NOTE TO EDITOR: Please see link to Latitude Margaritaville Watersound images and captions below.

Image credits: Courtesy Minto Communities.

https://www.dropbox.com/scl/fo/1xnemrgcz7fcev6tqv28b/h?dl=0&rlkey=p0nfhnnjij57yrvabrzioewef

Important Notice Regarding Forward-Looking Statements

This press release contains “forward-looking statements,” within the meaning of Section 21E of the Securities Exchange Act of 1934, including statements regarding the anticipated size of the initial phase of Latitude Margaritaville Watersound, expectations regarding specific amenities and other features, plans for developments in the adjacent communities and the prospective interest in the Latitude Margaritaville Watersound. These forward-looking statements are qualified in their entirety by cautionary statements and risk factors set forth in St. Joe’s filings with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2022 and subsequent current report filings, as well as the following: (1) the ability of Minto, Margaritaville Holdings and St. Joe to continue to develop and successfully complete the Latitude Margaritaville Watersound community and other developments in adjacent communities on the expected timeline, or at all, and (2) the continued interest of prospective buyers of Latitude Margaritaville Watersound homes.

About Latitude Margaritaville

Latitude Margaritaville communities are active adult developments built by master developer Minto Communities under license from global lifestyle brand Margaritaville Holdings. Offering resort-style amenities, Latitude Margaritaville is the ideal destination for those looking to live the Margaritaville lifestyle as they grow older, but not up. The communities feature a resort-style pool, fitness center, live entertainment, signature Margaritaville food and beverage concepts, arts and learning programs and more. Ranked the nation’s most popular active adult community of 2018 by 55Places.com and 2019’s Best 55+ Community of the Year by the National Association of Home Builders, Latitude Margaritaville communities are now open in Daytona Beach, Florida, Hilton Head, South Carolina and Watersound, Florida located on the Emerald Coast in Florida’s Panhandle. All three Latitude Margaritaville communities were recognized among the top 25 master-planned communities in the U.S. for 2022 on both the John Burns Real Estate Consulting list of top 50 master-planned communities and the RCLCO Real Estate Consulting list of top 50 master-planned communities. Additional Latitude Margaritaville communities are planned for Texas as well as other popular destinations.

About St. Joe

The St. Joe Company is a real estate development, asset management and operating company with real estate assets and operations in Northwest Florida. The Company intends to use existing assets for residential, hospitality and commercial ventures. St. Joe has significant residential and commercial land-use entitlements. The Company actively seeks higher and better uses for its real estate assets through a range of development activities. More information about the Company can be found on its website at www.joe.com. On a regular basis, the Company releases a video showing progress on projects in development or under construction. See https://www.joe.com/video-gallery for more information.

©2023 The St Joe Company. “St. Joe®”, “JOE®”, the “Taking Flight” Design®, “St. Joe (and Taking Flight Design,)®” are registered service marks of The St. Joe Company or its affiliates.

Contacts

Media Contacts:
Paula Robertson (for Minto)

Paula Robertson & Associates

239-454-1454

Paula@prprUSA.com

Marek Bakun (Investor Relations for The St. Joe Company)

866-417-7132

Marek.Bakun@joe.com

David Demarest (Public Relations for The St. Joe Company)

850-213-5137

David.Demarest@joe.com

Caroline Andrew (for Margaritaville)

Finn Partners

646-373-2899

caroline.andrew@finnpartners.com

25-year Cintas employee-partner was presented his brand-new heavy-duty truck at his Decatur location today

DECATUR, Ga.–(BUSINESS WIRE)–$CTAS–On Thursday morning, Steve Rosa – a Covington, Ga., resident and Cintas Corporation (Nasdaq: CTAS) Service Sales Representative (SSR) – received the keys to his brand-new Chevrolet Silverado Carhartt Edition heavy-duty truck that he won in late April through a customer awareness campaign from Cintas and Carhartt Company Gear™.

And that truck was delivered to Rosa at his Decatur, Ga., Cintas location and presented to him in a ceremony on Thursday morning.

>> Media Use Images via Dropbox

• Truck Presentation in Decatur: Photos | Videos
  • Video assets include event b-roll, ceremony sound bites, post-event interviews
• April’s Grand-Prize Event in Cincinnati: Steve Rosa | General Event

Excited to take his wife, friends, coworkers and customers on rides in his new truck, Rosa noted, “As a 25-year employee-partner, you couldn’t ask for anything better than having this experience. Just the fact that Cintas does what they do (with prizes like this for us) and it’s not the first time they’ve done this for SSRs, it’s awesome.”

After the presentation, Rosa was planning to drive the truck to several of his most supportive customers in the area to thank them for their support during the awareness campaign.

“There is no one that embodies our Cintas culture more than Steve,” said Chris Wheeler, General Manager of Cintas’ Decatur Rental location. “You always want something like this to happen to a great partner. He’s a role model for our partners and the passion he has for his customers is just unmatched. And so for someone like Steve to be the recipient of this amazing truck as a reward for doing his job the way he does? It’s just an awesome thing for him and our company.”

Also of note, after winning the truck in April, Rosa gifted his old vehicle to a Cintas coworker who had recently totaled his own car in an accident. That coworker drove Rosa and his wife Betty – a 9-year Cintas employee-partner, also at the Decatur Rental location – to work on Thursday morning since they would have the truck to drive home at the end of the day.

During the Cintas-Carhartt customer awareness campaign, each Cintas SSR in the U.S. and Canada had the opportunity to participate in the Cintas-Carhartt customer awareness program, which ran January through December 2022. Those SSRs who achieved a specified threshold of Carhartt Company Gear direct sales from the co-branded Cintas Sourcebook earned an entry for a monthly drawing to randomly select 12 contest finalists. The 12 randomly selected finalists were then flown into the Cincinnati area for the two-day, grand-prize event in late April at Cintas’ corporate headquarters in Mason, Ohio.

During the trip, finalists received $1,000 for an exclusive shopping event at the Cincinnati Carhartt store, a custom-embroidered Carhartt Legacy Gear Bag, dinner and breakfast with Cintas and Carhartt executives, a tour of Cintas’ company headquarters, and meet-and-greet opportunities with Cintas President and CEO Todd Schneider and Carhartt President and COO Linda Hubbard.

At the conclusion of the grand-prize ceremony, each finalist selected one box among 12 on a display on stage – one of which contained the key to the grand prize: the brand-new Chevrolet Silverado Carhartt Edition heavy-duty truck. After a countdown, the finalists opened their boxes together and Rosa had drawn the winning box and won the new truck.

About Cintas Corporation

Cintas Corporation helps more than one million businesses of all types and sizes get Ready™ to open their doors with confidence every day by providing products and services that help keep their customers’ facilities and employees clean, safe, and looking their best. With offerings including uniforms, mats, mops, towels, restroom supplies, workplace water services, first aid, and safety products, eye-wash stations, safety training, fire extinguishers, sprinkler systems and alarm service, Cintas helps customers get Ready for the Workday®. The company is also the creator of the Total Clean Program™ – a first-of-its-kind service that includes scheduled delivery of essential cleaning supplies, hygienically clean laundering, and sanitizing and disinfecting products and services. Headquartered in Cincinnati, Cintas is a publicly held Fortune 500 company traded over the Nasdaq Global Select Market under the symbol CTAS and is a component of both the Standard & Poor’s 500 Index and Nasdaq-100 Index.

Contacts

Lizz Summers, Cintas Director of Corporate Affairs | summerse2@cintas.com, 617-571-2219

TORONTO–(BUSINESS WIRE)–DREAM UNLIMITED CORP. (TSX:DRM) (“Dream”) today announced that Dream and its joint actors have sold an aggregate of 7,608,897 REIT Units, Series A (“Units”) of Dream Office REIT (TSX: D.UN) (“Dream Office”) at a price of $15.50 per Unit (the “Purchase Price”) pursuant to Dream Office’s substantial issuer bid to purchase for cancellation up to 12,500,000 of its outstanding Units at the Purchase Price (the “Offer”), resulting in aggregate cash proceeds to Dream and its joint actors of $117,937.903.50.

Earlier today, Dream Office announced the final results of the Offer. Holders of LP Class B Units, Series 1 (“Exchangeable Units”) of Dream Office LP, a subsidiary of Dream Office, were permitted to participate in the Offer by tendering their Exchangeable Units on an as-exchanged basis. The Exchangeable Units are indirectly exchangeable on a one-for-one basis for Units (and are accompanied by an equivalent number of Special Trust Units of Dream Office entitling the holder to one vote for each Special Trust Unit at meetings of unitholders of Dream Office).

Prior to the completion of the Offer, Dream and its joint actors had beneficial ownership of, or control or direction over 14,722,387 Units and 5,233,823 Exchangeable Units, representing approximately 39.63% of the issued and outstanding Units on a fully exchanged basis (assuming the exchange of all outstanding Exchangeable Units that are exchangeable into Units) prior to completion of the Offer. Immediately following the completion of the Offer, Dream and its joint actors own, or have control or direction over, an aggregate of 7,113,490 Units and 5,233,823 Exchangeable Units, representing approximately 32.62% of the issued and outstanding Units on a fully exchanged basis (assuming the exchange of all outstanding Exchangeable Units that are exchangeable into Units) following completion of the Offer.

Dream and its joint actors disposed of their Units pursuant to the Offer for investment purposes. Dream and its joint actors intend to evaluate their investments in Units on a continuing basis and either may acquire Units or decrease their holdings of Units in the future. Dream is indirectly controlled by Mr. Michael Cooper, President and Chief Responsible Officer of Dream. Dream provides strategic advice to Dream Office pursuant to a management services agreement. Mr. Cooper also serves as the Chief Executive Officer and Chair of the Board of Trustees of Dream Office. Mr. Cooper and Dream have no current intention relating to their investment in Dream Office, but depending on market conditions, general economic and industry conditions, Dream Office’s business and financial condition and/or other relevant factors, may in the future form an intention, with respect to one or more of the transactions or matters referred to above.

This press release is being issued pursuant to the requirements of National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues (“NI 62-103”) of the Canadian Securities Administrators. A copy of the report to be filed by Dream in connection with the transactions described herein will be available on Dream Office’s SEDAR profile at www.sedar.com, and can also be obtained by contacting Mr. Robert Hughes, General Counsel, Dream Unlimited Corp. at 416-365-3535.

Dream and Dream Office’s head office is located at Suite 301, State Street Financial Centre, 30 Adelaide Street East, Toronto, Ontario M5C 3H1.

About Dream Unlimited

Dream is a leading developer of exceptional office and residential assets in Toronto, owns stabilized income generating assets in both Canada and the U.S., and has an established and successful asset management business, inclusive of $24 billion of assets under management across four Toronto Stock Exchange listed trusts, our private asset management business and numerous partnerships. We also develop land and residential assets in Western Canada. Dream expects to generate more recurring income in the future as its urban development properties are completed and held for the long term. Dream has a proven track record for being innovative and for our ability to source, structure and execute on compelling investment opportunities.

Forward-Looking Information

This press release may contain forward-looking information within the meaning of applicable securities legislation, including, but not limited to, statements regarding Dream and its joint actors’ investment intentions with respect to Dream Office and the acquisition or disposition of Units by Dream and its joint actors in the future. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dream’s control, which could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These assumptions include, but are not limited to: the nature of development lands held and the development potential of such lands, interest rates and inflation remaining in line with management expectations, our ability to bring new developments to market, anticipated positive general economic and business conditions, including low unemployment and interest rates, positive net migration, oil and gas commodity prices, our business strategy, including geographic focus, anticipated sales volumes, performance of our underlying business segments and conditions in the Western Canada land and housing markets. Risks and uncertainties include, but are not limited to, general and local economic and business conditions, the impact of the COVID-19 pandemic on Dream and uncertainties surrounding the COVID-19 pandemic, including government measures to contain the COVID-19 pandemic employment levels, risks associated with unexpected or ongoing geopolitical events, including disputes between nations, terrorism or other acts of violence, international sanctions and the disruption of movement of goods and services across jurisdictions, inflation or stagflation, regulatory risks, mortgage and interest rates and regulations, risks related to a potential economic slowdown in certain of the jurisdictions in which we operate and the effect inflation and any such economic slowdown may have on market conditions and lease rates, environmental risks, consumer confidence, seasonality, adverse weather conditions, reliance on key clients and personnel and competition. All forward-looking information in this press release speaks as of June 22, 2023. Dream does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise, except as required by law. Additional information about these assumptions and risks and uncertainties is disclosed in filings with securities regulators filed on SEDAR (www.sedar.com).

Contacts

For further information, please contact:

Dream Unlimited Corp.

Deb Starkman

Chief Financial Officer

(416) 365-4124

dstarkman@dream.ca

Kim Lefever

Director, Investor Relations

(416) 365-6339

klefever@dream.ca