Forestar Group, Inc. engages in the real estate and natural resources businesses in the United States. The company operates through two segments, Real estate and Natural resources. The Real Estate segment secures entitlements and develops infrastructure on its lands primarily for single-family residential and mixed-use communities in an area around Atlanta, Georgia, and Texas. It also sells land for commercial uses to national retailers and local commercial developers. The Natural Resources segment manages oil and gas mineral interests; sells wood fiber from its land primarily located in Georgia; and leases land for recreational uses. As of April 2, 2008, Forestar Group owned directly or through ventures approximately 373,000 acres of real estate located in 10 states and 13 markets; and had 24 real estate projects representing approximately 28,000 acres with 30,000 residential lots and 1,900 commercial acres, as well as managed 622,000 net acres of oil and gas mineral interests. The company, formerly known as was Forestar Real Estate Group, Inc., founded in 1955 and is based in Austin, Texas. Forestar Group, Inc. operates independently of Temple-Inland Inc. as of December 28, 2007.
$6.67 (03/05/09)
