Real Estate
Responsibly Visualizing Land Use
We seek to truly add value to community life in our developments.
Our real estate segment conducts a wide array of project planning and management activities related to the acquisition, entitlement, development and sale of real estate, including single-family and mixed-use communities as well as the development of multifamily apartments. Additionally, we sell land for commercial uses to national retailers and local commercial developers. Including ventures, Forestar's real estate holdings span 10 states and 14 markets, encompassing almost 135,000 acres. This includes over 98,000 acres located in a broad area around Atlanta, with the balance located primarily in Texas. We also actively invest in new projects in our strategic growth corridors - regions across the southern half of the United States that possess key demographic and growth characteristics making them attractive for long-term real estate investment. Our strategy for creating value in our real estate segment is to move acres up the value chain by moving land located in growth corridors, but not yet entitled, through the entitlement process and into development.
By aligning development with a community's individual needs, we create thoughtful environments for family, work and recreation. This smart approach to community and mixed-used development planning, coupled with keen foresight earned over decades of experience, delivers the sustainable value benefitting our shareholders, customers and community residents.
Including ventures, we have approximately 72 entitled, developed or under development projects encompassing over 14,000 acres, which includes 2,400 acres either platted or zoned for commercial use. In addition, we own or venture in 2 multifamily properties and 3 future multifamily sites.