| 1133 D.C., L.L.C (L01000006671) | MGR |
| C RIDGE ONE, L.L.C. (L01000016380) | MGR |
| MILLENIA PARK ONE, L.L.C. (L02000008641) | MGR |
| ST. JOE RESIDENTIAL ACQUISITIONS, INC. (P97000105641) | SVPT |
| WESTSIDE CORPORATE CENTER, L.L.C. (L00000011270) | MGR |
| BEACON SQUARE, L.L.C. (L00000004442) | MGR |
| BECKRICH OFFICE BUILDING II, L.L.C. (L02000026093) | MGR |
| GEORGIA WIND I, LLC (L03000034973) | MGR |
| GEORGIA WIND II, LLC (L03000043284) | MGR |
| HV PROPERTY HOLDINGS, LLC (L14000194943) | MGR |
| PARK POINT, LLC (L04000079082) | MGR |
| ST. JOE LAND COMPANY (P99000095643) | Vice President |
| ST. JOE/CENTRAL FLORIDA MANAGEMENT, INC. (P97000098192) | Vice President |
| TOL GOLF WAY CENTER, L.L.C. (L00000014163) | MGR |
| 1750 K SPE COMPANY (P02000031934) | DV |
| 5660 NND, L.L.C. (L02000023834) | MGR |
| GEORGIA WIND III, LLC (L03000043285) | MGR |
| SOUTHWOOD OFFICE I, L.L.C. (L01000008145) | MGR |
| ST. JOE TERMINAL COMPANY (L36914) | DVT |
| ST. JOE/ALHAMBRA DEVELOPMENT COMPANY (P99000048584) | VT |
| ST. JOE/ALHAMBRA MANAGEMENT COMPANY (P99000048534) | VT |
| ST. JOE/CNL PLAZA, INC. (P97000102435) | Vice President |
| TNT DEERWOOD, L.L.C. (L01000005794) | MGR |
| 1750 K, L.L.C. (L01000019416) | MGR |
| BECKRICH CALL CENTER I, L.L.C. (L01000009596) | MGR |
| DEER POINT I & II, LLC (L04000079077) | MGR |
| OVERLOOK I & II, LLC (L04000037386) | MGR |
| PLUME STREET, LLC (L05000084626) | MGR |
| SOUTHHALL CENTER, L.L.C. (L01000001106) | MGR |
| ST. JOE DEERWOOD PARK, L.L.C. (L00000015247) | MGR |
| ST. JOE WEST FLORIDA CONTRACTING, INC. (P98000020667) | VP-T |
| ST. JOE/CENTRAL FLORIDA DEVELOPMENT, INC. (P97000099007) | Vice President |
| SWS ADVISORY SERVICES, LLC (L13000124695) | MGRM |
| APALACHICOLA NORTHERN RAILROAD COMPANY (001478) | DVT |
| ARVIDA HOUSING L.P., INC. (F99000005239) | VP-T |
| BECKRICH OFFICE BUILDING I, L.L.C. (L01000009598) | MGR |
| RIVERSIDE CORPORATE CENTER, L.L.C. (L01000016199) | MGR |
| SJP TECHNOLOGY COMPANY (P02000115718) | VP-T |
| SUNSHINE STATE CYPRESS, INC. (P99000031938) | SVPT |
