St. Joe Company is one of the largest real estate organizations in Florida. The company was established with a primary purpose of transforming the real estate development in the Panama City Beach. In the recent past Kerrisdale Capital which is a privately owned investment firm published a report which was negative talking about their position in the Florida based real estate company; St. Joe Company. According to Kerrisdale, it is not possible for St. Joe to develop their land irrespective of their $1 billion valuations. The remaining land is located in a swampy environment, bare and remote area.
St. Joe Company has been selling more than 400k square meters commercial space as well as 2700 space for developing residential homes every five years. According to the report, it means that the Florida based development firm will be the top selling real estate firm in the United States of America. This is just a report, in reality, St. Joe Company has been having less advancement in the market. Kerrisdale carried out the research and they came out with the results which indicated that St. Joe has no records when it came to fillings of permits, constructions as well as other processes. According to Sahm Adrangi individuals as well as organizations who invested in St. Joe and have been waiting for long should be ready to wait longer because according to him the construction and development company continues to struggle and their lands which were practicable are no longer executable.
— Sahm Adrangi (@SahmAdrangi) November 21, 2016
Sahm Adrangi is the Chief Investment Officer and the Founder of Kerrisdale Capital Management. The company which is a privately owned investment firm was established in 2009, and ever since the creation of the firm Sahm Adrangi has been active in the management of the organization. The group has tremendously expanded. Mr. Sahm established the firm with $1 million and in 2017 the firm’s capital was $150 million. Sahm Adrangi does not only own and manages the company, but he is also an author who sells and publishes research. Mr. Adrangi has taken the step of sharing his studies on Kerrisdale’s website. Sahm Adrangi is also a motivational speaker who began his career serving at Deutsche Bank as a credit officer. He is a graduate of Yale University where he studied and graduated with a Bachelors of Arts in Economics.