Forestar Group Inc. (FOR), with its headquarters in Austin, Texas, is an eminent real estate and oil and gas company in the United States. Traded under the symbol "FOR" on the New York Stock Exchange, it was incorporated on December 28, 1955, and has since strived to accomplish exceptional business results via robust management techniques.
Primarily, Forestar Group Inc. focuses on the acquisition, entitlement, development, and sale of commercial and residential real estate, mainly in 50 markets across 21 states. The company excels in building a wide range of residential properties, ranging from single-family detached homes to townhomes and condominiums. It also provides services related to the development of multifamily properties.
At the same time, Forestar Group is a significant player in the oil and gas sector. It leverages its own mineral assets and collaborates with oil and gas producers to explore, develop, and produce oil and gas on lands primarily in Texas, Louisiana, Alabama, and Georgia.
Forestar Group relentlessly pursues its growth strategy involving robust residential lot development via acquisition and disposition of residential and mixed-use real estate projects. Also, the position that the company holds in the competitive landscape has been amplified with its alliance with D.R. Horton, Inc., America's largest homebuilder by volume since 2002. As of 2017, D.R. Horton holds a majority stake in the Forestar Group, making it an indirect, majority-owned subsidiary.
The company upholds values of honesty, integrity, and respect for people and the environment. It commits to environmental sustainability and invests in projects that meet environmental guidelines and follow sustainable practices. Demonstrating responsible stewardship, it prominently supports local communities through its business operations.
Based on its expertise and years of experience, Forestar Group has a commendable track record of performance, and it continues to take strategic initiatives to create shareholders' value and better economic vitality of the communities it operates in. With a focus on creating a positive and lasting impact, it continues to seek opportunities for organic growth, extending its influence beyond the real estate and oil and gas sectors.