Maryland real estate company gives $10 million in holiday bonuses
December 23, 2019 - Baltimore
Christmas came a couple of weeks early for employees of a Maryland real estate company.
St. John Properties shared $10 million in bonus money with all 198 employees, according to USA Today.
That breaks down to $50,000 per employee, but the bonus will vary based on years of service.
The move was a way of celebrating the company hitting a goal of developing 20 million square feet of office, retail and other commercial real estate space in eight states.
The bonus announcement was easily the highlight of the company's Dec. 7 holiday party.
The company said the bonus is in addition to the company's annual year-end bonus.
"I am thankful for our employees for their hard work and dedication," St. John wrote in a statement. "I couldn't think of a better way to show it."
"It makes me feel wonderful that I was able to pay them back in a meaningful way," St. John told reporters. "Without the team, we are nothing."
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