Overview
The company manages all operations through its real estate segment. 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 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.Company history
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, 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,Market shares
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.Stock
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.External links
* http://www.forestar.com/ Official website * http://landforsale.forestargroup.com/ Land For Sale * http://hunting.forestargroup.com/ Hunting & Recreational Leases * https://finance.yahoo.com/q?s=FOR - Company profile at Yahoo!Finance * https://web.archive.org/web/20121011124552/http://www.nyse.com/about/listed/for.html New York Stock ExchangeReferences
{{Authority control Companies listed on the New York Stock Exchange Companies based in Arlington, Texas Real estate companies of the United States Corporate spin-offs