Forestar Group
Encyclopedia
Forestar Group Inc.is a real estate, mineral, and fiber resource company based in Austin
, Texas
. The company owns directly or through ventures about 368000 acres (1,489.2 km²) of real estate located in ten states and 13 markets and about 622000 acres (2,517.1 km²) of oil and gas mineral interests.http://finance.yahoo.com/q/pr?s=FOR.
The real estate segment secures entitlements and develops infrastructure on its lands, primarily for single-family residential and mixed-use communities. The company owns over 300000 acres (1,214.1 km²) located in a broad area around Atlanta, Georgia
, with the balance located primarily in Texas. Forestar also actively invests in new projects principally in strategic growth corridors, which represent markets with significant growth characteristics for population, employment and household formation that make them attractive for long-term real estate investment.
The company has 23 real estate projects representing over 31000 acres (125.5 km²) currently in the entitlement process, and 75 projects entitled, developed, or under development in eight states and 12 markets. The company sells land for commercial uses to national retailers and local commercial developers. In addition, the company will sell its undeveloped land, principally in Georgia, when it has reached its highest and best use. The company markets land for sale on its web site, http://landforsale.forestargroup.com http://landforsale.forestargroup.com/.
Mineral resources is focused on maximizing the value from royalties and other lease revenues from its oil and gas mineral interests located in Texas, Louisiana, Alabama, and Georgia.
Fiber resources includes the sale of wood fiber, primarily in Georgia, and manages the company’s recreational leases.
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.
Austin, Texas
Austin is the capital city of the U.S. state of :Texas and the seat of Travis County. Located in Central Texas on the eastern edge of the American Southwest, it is the fourth-largest city in Texas and the 14th most populous city in the United States. It was the third-fastest-growing large city in...
, Texas
Texas
Texas is the second largest U.S. state by both area and population, and the largest state by area in the contiguous United States.The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in...
. The company owns directly or through ventures about 368000 acres (1,489.2 km²) of real estate located in ten states and 13 markets and about 622000 acres (2,517.1 km²) of oil and gas mineral interests.http://finance.yahoo.com/q/pr?s=FOR.
Overview
The company operates three business segments: Real Estate, Mineral Resources, and Fiber Resources.The real estate segment secures entitlements and develops infrastructure on its lands, primarily for single-family residential and mixed-use communities. The company owns over 300000 acres (1,214.1 km²) located in a broad area around Atlanta, Georgia
Georgia (U.S. state)
Georgia is a state located in the southeastern United States. It was established in 1732, the last of the original Thirteen Colonies. The state is named after King George II of Great Britain. Georgia was the fourth state to ratify the United States Constitution, on January 2, 1788...
, with the balance located primarily in Texas. Forestar also actively invests in new projects principally in strategic growth corridors, which represent markets with significant growth characteristics for population, employment and household formation that make them attractive for long-term real estate investment.
The company has 23 real estate projects representing over 31000 acres (125.5 km²) currently in the entitlement process, and 75 projects entitled, developed, or under development in eight states and 12 markets. The company sells land for commercial uses to national retailers and local commercial developers. In addition, the company will sell its undeveloped land, principally in Georgia, when it has reached its highest and best use. The company markets land for sale on its web site, http://landforsale.forestargroup.com http://landforsale.forestargroup.com/.
Mineral resources is focused on maximizing the value from royalties and other lease revenues from its oil and gas mineral interests located in Texas, Louisiana, Alabama, and Georgia.
Fiber resources includes the sale of wood fiber, primarily in Georgia, and manages the company’s recreational leases.
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 http://www.cousinsproperties.com/ 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, Temple-InlandTemple-Inland
Temple-Inland, Inc. is an American corrugated packaging and building products company based in Austin, Texas.-History:-Early Years:In 1893, when Thomas Louis Latane Temple, Sr., founded Southern Pine Lumber Company on of East Texas, Angelina County, timberland...
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.
External links
- http://www.forestargroup.com/ Official website
- http://landforsale.forestargroup.com/ Georgia Land For Sale
- http://finance.yahoo.com/q?s=FOR - Company profile at Yahoo!Finance
- http://www.nyse.com/about/listed/for.html New York Stock Exchange
- http://www.forestargroup.com/rec-use/faq.asp/ Hunting Leases