Forestar Real Estate Group Inc.

Public Company, Headquarters Location
1300 Mopac Expy. S, Ste. 35, Austin, TX 78746-6907, United States
(512)433-5200, http://www.forestargroup.com

Primary SIC: Land Subdividers & Developers, Not Elsewhere Classified, Primary NAICS: Land Subdivision
Description: Forestar Group Inc. was spun off of Temple-Inland Inc. on December 28, 2007. In fourth quarter 2008, the company's name was changed from Forestar Real Estate Group Inc. to Forestar Group Inc. Headquartered in Austin, Texas, Forestar Group owns (directly or through ventures) over 365,000 acres of real estate located in 10 states and 13 markets and about 622,000 net acres of oil and gas mineral interests. The company has three business segments: real estate, mineral resources and fiber resources. The real estate segment includes: over 300,000 acres of undeveloped land, 34,000 acres representing 25 projects in entitlement process, 16,000 acres representing 78 projects developed or under development in eight states, and five commercial and condo projects. The mineral resources segment includes 622,000 net mineral acres in Texas, Louisiana, Alabama and Georgia; and 1,700,000 acres of water interest. The fiber resources segment sells wood fiber from 340,000 acres of timber, primarily in Georgia, and leases 18,000 acres of land for recreational uses.Real Estate: Real estate and development.