246:
use in its development operations after the company has completed due diligence and after it has obtained the rights (known as entitlements) to begin development work resulting in an acceptable number of residential lots. Forestar's strategy is focused on making investments in land acquisition and development to expand its residential lot development business across a geographically diversified national platform and consolidate market share in the fragmented U.S. lot development industry. The
Company primarily invests in short duration, phased development projects that generate returns similar to production-oriented homebuilders. Forestar also makes short-term investments in finished lots (lot banking) and undeveloped land with the intent to sell these assets within a short time period.
234:. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and develops it into finished residential lots for sale to homebuilders with a strategic focus on asset turns and efficiency.
255:
Forestar and
Cousins Properties Incorporated formed Temco Associates, LLC as a venture to develop residential sites in Paulding County, Georgia, and in 2002 Forestar and Cousins formed CL Realty, L.L.C. as a venture to develop residential and mixed-use communities in Texas and across the southeastern U.S. Those ventures continue today. In 2001, Forestar opened an office in the Atlanta area to manage nearby land with a focus on its long-term real estate development potential. In 2006,
33:
137:
263:
In
October 2017, Forestar became a majority-owned subsidiary of D.R. Horton, Inc. Immediately following the merger, D.R. Horton owned 75% of Forestar's outstanding common stock, and as of December 31, 2020, D.R. Horton owned 65% of Forestar's outstanding common stock. In connection with the merger,
259:
Inc. began reporting
Forestar Real Estate Group as a separate business segment. On December 28, 2007, Temple-Inland distributed 100% of the issued and outstanding shares of Forestar's common stock to its shareholders. In September 2012, Forestar acquired CREDO Petroleum, an oil and gas exploration,
245:
The majority of
Forestar's real estate projects are single-family residential communities. The Company develops lots for single-family homes on sites typically purchased in the open market and sells residential lots primarily to local, regional and national homebuilders. Forestar acquires land for
254:
The company's origins date back to the 1955 incorporation of
Lumbermen's Investment Corporation, which in 2006 changed its name to Forestar (USA) Real Estate Group Inc. The company has a long legacy of residential and commercial real estate development operations, primarily in Texas. In 1991,
280:
On 12 June 2020, Forestar Group Inc. CFO James
Douglas Allen in a deal purchased 5,200 shares of the company 's stock. The shares were purchased at an average price of $ 14.41 per share, with a $ 74,932.00 purchase value.
584:
361:
719:
272:
On 8 June 2020, Forestar Group Inc.'s market value currently stands at $ 771.95 million. In the past year, Forestar Group Inc's securities have moved between $ 23.12 and $ 9.44.
729:
739:
724:
264:
Forestar and D.R. Horton entered into certain agreements, including a
Stockholders' Agreement, a Master Supply Agreement and a Shared Services Agreement.
116:
50:
635:
609:
509:
483:
457:
431:
405:
379:
335:
97:
54:
69:
734:
314:
76:
43:
687:
559:
83:
661:
161:
65:
585:"D.R. Horton and Forestar Announce Successful Closing of Merger and Final Election and Allocation Results"
362:"D.R. Horton and Forestar Announce Successful Closing of Merger and Final Election and Allocation Results"
169:
260:
development and production company with leasehold interests in over 135,000 net mineral acres.
227:
189:
90:
147:
713:
256:
201:
155:
315:
https://web.archive.org/web/20121011124552/http://www.nyse.com/about/listed/for.html
179:
136:
32:
688:"James Douglas Allen Buys 5,200 Shares of Forestar Group Inc. (NYSE:FOR) Stock"
296:
17:
165:
535:
308:
302:
242:
The company manages all operations through its real estate segment.
231:
26:
290:
212:
560:"Forestar to buy Credo Petroleum for $ 146 million"
207:
195:
185:
175:
153:
143:
57:. Unsourced material may be challenged and removed.
642:. United States Securities and Exchange Commission
616:. United States Securities and Exchange Commission
516:. United States Securities and Exchange Commission
490:. United States Securities and Exchange Commission
464:. United States Securities and Exchange Commission
438:. United States Securities and Exchange Commission
412:. United States Securities and Exchange Commission
386:. United States Securities and Exchange Commission
342:. United States Securities and Exchange Commission
226:is a residential lot development company based in
662:"Forestar Group Inc (FOR) Soars 1.01% on June 08"
720:Companies listed on the New York Stock Exchange
8:
129:
730:Real estate companies of the United States
128:
740:Real estate companies established in 1955
117:Learn how and when to remove this message
327:
297:http://landforsale.forestargroup.com/
7:
55:adding citations to reliable sources
725:Companies based in Arlington, Texas
311:- Company profile at Yahoo!Finance
25:
309:https://finance.yahoo.com/q?s=FOR
305:Hunting & Recreational Leases
303:http://hunting.forestargroup.com/
135:
31:
42:needs additional citations for
1:
756:
540:www.cousinsproperties.com
134:
291:http://www.forestar.com/
317:New York Stock Exchange
536:"Cousins Properties |"
170:Russell 2000 Component
368:. Forestar Group Inc.
51:improve this article
735:Corporate spin-offs
224:Forestar Group Inc.
131:
130:Forestar Group Inc.
221:
220:
127:
126:
119:
101:
16:(Redirected from
747:
704:
703:
701:
699:
684:
678:
677:
675:
673:
658:
652:
651:
649:
647:
632:
626:
625:
623:
621:
606:
600:
599:
597:
595:
581:
575:
574:
572:
571:
556:
550:
549:
547:
546:
532:
526:
525:
523:
521:
506:
500:
499:
497:
495:
480:
474:
473:
471:
469:
454:
448:
447:
445:
443:
428:
422:
421:
419:
417:
402:
396:
395:
393:
391:
376:
370:
369:
358:
352:
351:
349:
347:
332:
293:Official website
217:
214:
190:Arlington, Texas
139:
132:
122:
115:
111:
108:
102:
100:
66:"Forestar Group"
59:
35:
27:
21:
755:
754:
750:
749:
748:
746:
745:
744:
710:
709:
708:
707:
697:
695:
686:
685:
681:
671:
669:
660:
659:
655:
645:
643:
634:
633:
629:
619:
617:
608:
607:
603:
593:
591:
583:
582:
578:
569:
567:
558:
557:
553:
544:
542:
534:
533:
529:
519:
517:
508:
507:
503:
493:
491:
482:
481:
477:
467:
465:
456:
455:
451:
441:
439:
430:
429:
425:
415:
413:
404:
403:
399:
389:
387:
378:
377:
373:
360:
359:
355:
345:
343:
334:
333:
329:
324:
287:
278:
270:
252:
250:Company history
240:
211:
198:
168:
158:
123:
112:
106:
103:
60:
58:
48:
36:
23:
22:
15:
12:
11:
5:
753:
751:
743:
742:
737:
732:
727:
722:
712:
711:
706:
705:
694:. 15 June 2020
679:
653:
627:
601:
576:
551:
527:
501:
475:
449:
423:
397:
371:
353:
326:
325:
323:
320:
319:
318:
312:
306:
300:
294:
286:
285:External links
283:
277:
274:
269:
266:
251:
248:
239:
236:
219:
218:
209:
205:
204:
199:
196:
193:
192:
187:
183:
182:
177:
173:
172:
159:
154:
151:
150:
145:
141:
140:
125:
124:
39:
37:
30:
24:
14:
13:
10:
9:
6:
4:
3:
2:
752:
741:
738:
736:
733:
731:
728:
726:
723:
721:
718:
717:
715:
693:
689:
683:
680:
668:. 8 June 2020
667:
663:
657:
654:
641:
637:
631:
628:
615:
611:
605:
602:
590:
586:
580:
577:
565:
561:
555:
552:
541:
537:
531:
528:
515:
511:
505:
502:
489:
485:
479:
476:
463:
459:
453:
450:
437:
433:
427:
424:
411:
407:
401:
398:
385:
381:
375:
372:
367:
363:
357:
354:
341:
337:
331:
328:
321:
316:
313:
310:
307:
304:
301:
299:Land For Sale
298:
295:
292:
289:
288:
284:
282:
275:
273:
268:Market shares
267:
265:
261:
258:
257:Temple-Inland
249:
247:
243:
237:
235:
233:
229:
225:
216:
210:
206:
203:
202:United States
200:
194:
191:
188:
184:
181:
178:
174:
171:
167:
163:
160:
157:
152:
149:
146:
142:
138:
133:
121:
118:
110:
99:
96:
92:
89:
85:
82:
78:
75:
71:
68: –
67:
63:
62:Find sources:
56:
52:
46:
45:
40:This article
38:
34:
29:
28:
19:
696:. Retrieved
691:
682:
670:. Retrieved
665:
656:
644:. Retrieved
639:
630:
618:. Retrieved
613:
604:
592:. Retrieved
589:forestar.com
588:
579:
568:. Retrieved
566:. 2012-06-04
563:
554:
543:. Retrieved
539:
530:
518:. Retrieved
513:
504:
492:. Retrieved
487:
478:
466:. Retrieved
461:
452:
440:. Retrieved
435:
426:
414:. Retrieved
409:
400:
388:. Retrieved
383:
374:
366:forestar.com
365:
356:
344:. Retrieved
339:
330:
279:
271:
262:
253:
244:
241:
223:
222:
186:Headquarters
144:Company type
113:
107:October 2019
104:
94:
87:
80:
73:
61:
49:Please help
44:verification
41:
636:"Form 10-K"
610:"Form 10-K"
510:"Form 10-K"
484:"Form 10-K"
458:"Form 10-K"
432:"Form 10-K"
406:"Form 10-K"
380:"Form 10-K"
336:"Form 10-K"
197:Area served
180:Real Estate
714:Categories
692:MarketBeat
570:2020-01-29
545:2019-04-25
322:References
77:newspapers
228:Arlington
156:Traded as
666:equities
238:Overview
213:forestar
176:Industry
18:Forestar
698:15 July
672:10 June
640:sec.gov
614:sec.gov
564:Reuters
514:sec.gov
488:sec.gov
462:sec.gov
436:sec.gov
410:sec.gov
384:sec.gov
340:sec.gov
208:Website
164::
91:scholar
646:13 May
620:13 May
594:13 May
520:13 May
494:13 May
468:13 May
442:13 May
416:13 May
390:13 May
346:13 May
148:Public
93:
86:
79:
72:
64:
276:Stock
232:Texas
98:JSTOR
84:books
700:2020
674:2020
648:2021
622:2021
596:2021
522:2021
496:2021
470:2021
444:2021
418:2021
392:2021
348:2021
215:.com
162:NYSE
70:news
166:FOR
53:by
716::
690:.
664:.
638:.
612:.
587:.
562:.
538:.
512:.
486:.
460:.
434:.
408:.
382:.
364:.
338:.
230:,
702:.
676:.
650:.
624:.
598:.
573:.
548:.
524:.
498:.
472:.
446:.
420:.
394:.
350:.
120:)
114:(
109:)
105:(
95:·
88:·
81:·
74:·
47:.
20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.