The St. Joe Company (NYSE:JOE) (“St. Joe” or the “Company”) has announced that Louis Dubin has joined the Company as Executive Vice President effective June 11, 2012. Dubin is a fourth-generation real estate developer with a strong history of creating opportunistic real estate partnerships. He will report to St. Joe CEO Park Brady.
“Louis has unique and extensive expertise in identifying real estate opportunities and then structuring joint ventures or partnerships supported by strong financial packages,” says Park Brady, CEO for the Company. “His knowledge coupled with St. Joe’s assets is a strong combination and Louis will complement the existing executive team as we plan the future for St. Joe.”
Prior to joining the Company, Dubin served as President and CEO of LMD Worldwide, LLC, in New York City, an opportunistic real estate investment company focused on real estate development and the acquisition of distressed real estate projects. Dubin founded LMD Worldwide in 2008 and then merged the company personnel into Resolution Asset Management Company, a new subsidiary of Cantor Fitzgerald. During his tenure as President and CEO of Resolution Asset Management Company, Dubin closed $250 million in equity commitments from Cantor Fitzgerald and Starwood Capital. Dubin resumed operations of LMD Worldwide in the fall of 2011.
Dubin founded and served as President and CEO of The Athena Group, LLC in New York City from 1993 to 2008 during which he completed over 30 real estate developments and investments, including land development, resorts, residential for sale and rental, office, self-storage and master-planned communities. He managed all processes including acquisition analysis, development and construction, capital formation, due diligence, marketing and strategic planning. He developed firm-wide strategies and sourced new business opportunities. Athena U.S. partnerships invested approximately $500 million of equity in U.S. based real estate developments and acquisitions with a gross value of approximately $2 billion.