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- Forestar Group Inc.
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Overview
Company Summary
Forestar Group Inc. is a real estate and natural resources company primarily engaged in the acquisition, development, and sale of real estate properties and timber resources. It operates through three main segments: Real Estate, Mineral Resources, and Fiber Resources.
The Real Estate segment focuses on the acquisition and development of residential and mixed-use properties. Forestar acquires raw land, invests in infrastructure like roads and utilities, and develops the land into residential communities or mixed-use projects, including commercial and recreational components. The company then sells the developed properties to homebuilders, commercial developers, or end-users.
The Mineral Resources segment is involved in the exploration, development, and production of oil and gas properties. Forestar acquires and develops oil and gas leases primarily in the Gulf Coast region of the United States. It partners with reputable exploration and production companies to develop these properties and generate revenues through oil and gas sales.
The Fiber Resources segment focuses on the sustainable management of timber resources. Forestar owns and manages timberlands across the United States, primarily in the Southeast and Southwest regions. It engages in activities such as the harvesting and sale of timber, the leasing of hunting rights, and the preservation of ecosystems for enhanced biodiversity.
Overall, Forestar Group Inc. operates in diverse sectors of the real estate and natural resources industry, aiming to maximize the value of its land assets through strategic development and responsible resource management.