FOR

Forestar Group Inc. is a residential lot development company with operations in approximately 59 markets and 24 states. The Company is focused primarily on making investments in land acquisition and development to sell finished single-family residential lots to homebuilders. It manages its operations through its real estate segment. It conducts a range of project planning and management activities related to the entitlement, acquisition, community development and sale of residential lots. It primarily invests in entitled short-duration projects that can be developed in phases, enabling it to complete and sell lots at a pace that matches market demand. Its national footprint provides diversification in its real estate investments. Its customers are primarily local, regional and national homebuilders. The lots it delivers in its communities are primarily for entry-level, first-time move-up and active adult homes. It also markets some of its communities towards build-to-rent operators.