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Maximizing Value in Community Development

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10/12/17Notice to Holders of the 3.75% Convertible Senior Notes Due 2020 (CUSIP No. 346232 Ab7) Issued by Forestar Group Inc.
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10/12/17Forestar Announces Fundamental Change and Make-Whole Fundamental Change Relating to Outstanding Convertible Senior Notes
AUSTIN, Texas--(BUSINESS WIRE)--Oct. 12, 2017-- Forestar Group Inc. (“Forestar”) today announced that it has delivered a notice to holders of its 3.75% Convertible Senior Notes due 2020 (the “Notes”), pursuant to the indenture governing the Notes (as supplemented, the “Indenture”), notifying holders that, as a result of the merger (the “Merger”) pursuant to the Agreement and Plan of Merger, dated as of June 29, 2017, among D.R. Horton Inc. (“D.R. Horton”... 
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10/05/17D.R. Horton and Forestar Announce Successful Closing of Merger and Final Election and Allocation Results
ARLINGTON, Texas & AUSTIN, Texas--(BUSINESS WIRE)--Oct. 5, 2017-- D.R. Horton, Inc. (NYSE: DHI) (“D.R. Horton”), America’s Builder, and Forestar Group Inc. (NYSE: FOR) (“Forestar”) today announced the closing of D.R. Horton’s previously announced acquisition of approximately 75% of the currently outstanding shares of Forestar for $17.75 per share in cash pursuant to a merger of a wholly owned subsidiary of D.R. Horton with and into Forestar. Thi... 
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10/03/17Forestar Announces Stockholders’ Approval of Merger Agreement With D.R. Horton
AUSTIN, Texas--(BUSINESS WIRE)--Oct. 3, 2017-- Forestar Group Inc. (NYSE: FOR) (“Forestar”) today announced that its stockholders, at a special meeting held earlier today, overwhelmingly voted in favor of the proposal to adopt the previously announced merger agreement by and among D.R. Horton, Inc. (NYSE: DHI) (“D.R. Horton”), Forestar and Force Merger Sub, Inc. (the “merger agreement”), pursuant to which D.R. Horton has agreed to acquire approximately 7... 
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10/02/17D.R. Horton and Forestar Announce Final Merger Consideration Election Results
ARLINGTON, Texas & AUSTIN, Texas--(BUSINESS WIRE)--Oct. 2, 2017-- D.R. Horton, Inc. (NYSE: DHI) (“D.R. Horton”), America’s Builder, and Forestar Group Inc. (NYSE: FOR) (“Forestar”) today announced the final results of the elections made by Forestar stockholders regarding the form of merger consideration they wish to receive in connection with D.R. Horton’s pending acquisition of approximately 75% of the currently outstanding shares of Forestar pursuant t... 
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09/28/17D.R. Horton and Forestar Announce Preliminary Merger Consideration Election Results
ARLINGTON, Texas & AUSTIN, Texas--(BUSINESS WIRE)--Sep. 28, 2017-- D.R. Horton, Inc. (NYSE: DHI) (“D.R. Horton”), America’s Builder, and Forestar Group Inc. (NYSE: FOR) (“Forestar”) today announced the preliminary results of the elections made by Forestar stockholders regarding the form of merger consideration they wish to receive in connection with D.R. Horton’s pending acquisition of approximately 75% of the currently outstanding shares of Forestar pur... 
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09/19/17D.R. Horton and Forestar Announce Election Deadline of September 27, 2017
ARLINGTON, Texas & AUSTIN, Texas--(BUSINESS WIRE)--Sep. 19, 2017-- D.R. Horton, Inc. (NYSE: DHI) (“D.R. Horton”), America’s Builder, and Forestar Group Inc. (NYSE: FOR) (“Forestar”) today announced that, in connection with D.R. Horton’s pending acquisition of approximately 75% of the currently outstanding shares of Forestar pursuant to that certain merger agreement by and among D.R. Horton, Forestar and Force Merger Sub, Inc., the election deadline for h... 
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06/29/17Forestar Announces Agreement with D.R. Horton and Terminates Starwood Merger Agreement
AUSTIN, Texas--(BUSINESS WIRE)--Jun. 29, 2017-- Forestar Group Inc. (“Forestar” or the “Company”) (NYSE: FOR) announced today that it has entered into a definitive agreement with D.R. Horton, Inc. (“D.R. Horton”) (NYSE: DHI) under which D.R. Horton will acquire 75% of the outstanding shares of Forestar common stock for $17.75 per share in cash. As part of the transaction, Forestar and D.R. Horton will enter into a stockholder’s agreement and a master sup... 
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06/23/17Forestar Board of Directors Determines Unsolicited Proposal from D.R. Horton Constitutes a “Superior Proposal”
Forestar Enters Into Second Amendment to Merger Agreement with Starwood AUSTIN, Texas--(BUSINESS WIRE)--Jun. 23, 2017-- Forestar Group Inc. (“Forestar” or the “Company”) (NYSE: FOR) announced today that it had received a revised binding proposal from D.R. Horton, Inc. (“D.R. Horton”) to acquire 75% of the outstanding shares of Forestar common stock for $17.75 per share in cash (an increase from D.R. Horton’s previous offer of $16.25 in cash per share... 
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06/21/17Forestar Announces Amended Merger Agreement with Starwood
AUSTIN, Texas--(BUSINESS WIRE)--Jun. 21, 2017-- Forestar Group Inc. (“Forestar” or the “Company”) (NYSE: FOR) today announced that it has amended its merger agreement with Starwood Capital Group (“Starwood”) to increase the merger consideration to $15.50 per share in cash. Forestar previously announced that it had entered into a merger agreement with Starwood on April 13, 2017 pursuant to which Starwood would acquire all of the outstanding... 
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06/08/17Forestar Board of Directors Determines Unsolicited Proposal from D.R. Horton Could Reasonably Be Expected to Lead to a “Superior Proposal”
AUSTIN, Texas--(BUSINESS WIRE)--Jun. 8, 2017-- Forestar Group Inc. (“Forestar” or the “Company”) (NYSE: FOR) announced today that its board of directors, after consultation with its outside legal and financial advisors, has determined that the unsolicited, nonbinding proposal received on June 5, 2017 from D.R. Horton, Inc. (“D.R. Horton”) to acquire 75% of the outstanding shares of Forestar common stock for $16.25 in cash could reasonably be expected to ... 
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06/05/17Forestar Confirms Receipt of Unsolicited Acquisition Proposal
AUSTIN, Texas--(BUSINESS WIRE)--Jun. 5, 2017-- Forestar Group Inc. (“Forestar” or the “Company”) (NYSE: FOR) today confirmed that on June 5, 2017 Forestar’s board of directors received an unsolicited, nonbinding proposal from D.R. Horton, Inc. (“D.R. Horton”) to acquire 75% of the outstanding shares of Forestar common stock for $16.25 in cash. Forestar previously announced that it had entered into a merger agreement with Starwood Capital G... 
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04/13/17Forestar Group Inc. to Be Acquired by Starwood Capital Group
AUSTIN, Texas--(BUSINESS WIRE)--Apr. 13, 2017-- Forestar Group Inc. (“Forestar” or the “Company”) (NYSE: FOR) today announced that it has entered into a definitive merger agreement (the “Merger Agreement”) with affiliates of Starwood Capital Group (“Starwood”) under which Starwood will acquire all of the outstanding shares of common stock of the Company for $14.25 per share in cash. The total transaction equity value is approximately $605 million. ... 
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03/01/17Forestar Group Inc. Provides Additional Information on Execution of Key Initiatives and Reports Full Year and Fourth Quarter 2016 Results
2016 was a transformative year for Forestar with exceptional progress on its key initiatives. AUSTIN, Texas--(BUSINESS WIRE)--Mar. 1, 2017-- Forestar Group Inc. (NYSE: FOR): 2016 Transformation - Highlights Core Community Development: Sold 1,940 developed residential lots for approximately $68,200 per lot with average gross profit of approximately $23,400 per lot Excludin... 
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02/01/17Forestar Group to Release Fourth Quarter 2016 Results on March 1, 2017
AUSTIN, Texas--(BUSINESS WIRE)--Feb. 1, 2017-- Forestar Group Inc. (NYSE: FOR) will release its results for fourth quarter 2016 on March 1, after the market closes. The company will host a conference call on Thursday, March 2, 2017 at 10:00 a.m. ET to discuss results for fourth quarter 2016. To access the conference call, listeners calling from North America should dial 1-844-634-1445 at least 15 minutes prior to the start of the c... 
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01/05/17Forestar Adopts Tax Benefits Preservation Plan to Preserve Valuable Tax Benefits
AUSTIN, Texas--(BUSINESS WIRE)--Jan. 5, 2017-- Forestar Group Inc. (“Forestar” or the “Company”) (NYSE: FOR) today announced that its Board of Directors has adopted a tax benefits preservation plan (the “Plan”) designed to preserve the Company’s ability to utilize its tax attributes, such as built in losses and other tax attributes (collectively, “Tax Benefits”). The Plan is similar to plans adopted by other public companies with significant Tax Benefits... 
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11/08/16Forestar Group Inc. Reports Third Quarter 2016 Results
Forestar significantly transformed in one year through execution of our key initiatives to reduce costs, divest non-core assets, strengthen balance sheet and focus on maximizing shareholder value. Transformation - Highlights Actions taken to eliminate over $50 million in annualized SG&A, expect full cost savings realization once all non-core assets are sold Decreased headcount by over 50% compared to 2014 pea... 
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10/12/16Forestar Group to Release Third Quarter 2016 Results on November 8, 2016
AUSTIN, Texas--(BUSINESS WIRE)--Oct. 12, 2016-- Forestar Group Inc. (NYSE: FOR) will release its results for third quarter 2016 on November 8, after the market closes. The company will host a conference call on Wednesday, November 9, 2016 at 10:00 a.m. ET to discuss results for third quarter 2016. To access the conference call, listeners calling from North America should dial 1-844-634-1445 at least 15 minutes prior to the start of the ... 
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07/29/16Forestar Group Inc. Reports Second Quarter 2016 Results
Second Quarter 2016 Highlights Core community development business sold 489 residential lots for over $66,600 per lot Over 1,680 lots currently under option contracts with builders Texas finished vacant housing inventory remains within equilibrium levels Reduced outstanding debt $260.9 million ... 
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07/05/16Forestar Group to Release Second Quarter 2016 Results on July 29, 2016
AUSTIN, Texas--(BUSINESS WIRE)--Jul. 5, 2016-- Forestar Group Inc. (NYSE: FOR) will release its results for second quarter 2016 on July 29, before the market opens. The company will host a conference call on Friday, July 29, 2016 at 10:00 a.m. ET to discuss results of second quarter 2016. To access the conference call, listeners calling from North America should dial 1-844-634-1445 at least 15 minutes prior to the start of the call... 
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06/21/16Forestar Completes Tender Offer and Consent Solicitation
AUSTIN, Texas--(BUSINESS WIRE)--Jun. 21, 2016-- Forestar Group Inc. (the “Company” or “Forestar”) (NYSE: FOR) today announced that it and its wholly-owned subsidiary, Forestar (USA) Real Estate Group Inc. (“Forestar USA,” and, together with the Company, the “Offerors”), have completed a cash tender offer to purchase any and all of Forestar USA’s outstanding $220.8 million aggregate principal amount of 8.500% Senior Secured Notes due 2022. ... 
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06/03/16Forestar Announces Adjustment to Purchase Price for Its Cash Tender Offer
AUSTIN, Texas--(BUSINESS WIRE)--Jun. 3, 2016-- Forestar Group Inc. (the “Company” or “Forestar”) (NYSE: FOR) today announced that it and its wholly-owned subsidiary, Forestar (USA) Real Estate Group Inc. (“Forestar USA” and, together with the Company, the “Offerors”), have amended the terms (the “Amendment”) of its previously announced cash tender offer (as amended, the “Tender Offer”). The Amendment (i) eliminates the early tender premium and the early ... 
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05/23/16Forestar Announces Tender Offer and Consent Solicitation
AUSTIN, Texas--(BUSINESS WIRE)--May 23, 2016-- Forestar Group Inc. (the “Company” or “Forestar”) (NYSE: FOR) today announced that it and its wholly-owned subsidiary, Forestar (USA) Real Estate Group Inc. (“Forestar USA,” and, together with the Company, the “Offerors”), have commenced a cash tender offer to purchase any and all of Forestar USA’s outstanding $220.8 million aggregate principal amount of 8.500% Senior Secured Notes due 2022. A... 
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05/10/16Forestar Group Inc. Reports First Quarter 2016 Results
Additional progress executing key initiatives to reduce costs, exit non-core assets and focus on maximizing shareholder value First Quarter 2016 Sold Kansas / Nebraska oil and gas assets for $21.0 million Sold over 900 net acres and 9 producing wells in Bakken / Three Forks for $9.5 million Sold Music Row multifamily site for $15.0 million Sold 360° multifamily ventu... 
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04/18/16Forestar Group to Release First Quarter 2016 Results on May 10, 2016
AUSTIN, Texas--(BUSINESS WIRE)--Apr. 18, 2016-- Forestar Group Inc. (NYSE: FOR) will release its results for first quarter 2016 on May 10, after the market closes. The company will host a conference call on Wednesday, May 11, 2016 at 10:00 a.m. ET to discuss results of first quarter 2016. To access the conference call, listeners calling from North America should dial 1-855-546-9555 at least 15 minutes prior to the start of the call... 
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04/11/16Forestar Signs Agreement to Sell Remaining Non-Core Bakken/Three Forks Oil and Gas Assets
AUSTIN, Texas--(BUSINESS WIRE)--Apr. 11, 2016-- Forestar Group Inc. (NYSE: FOR) (“Forestar” or the “Company”) today announced that it has entered into two separate agreements with the same buyer to sell the Company’s oil and gas assets in the Bakken/Three Forks formation in North Dakota for nearly $60 million. In first quarter 2016, Forestar sold 9 producing wells and over 900 net acres in North Dakota for $9.5 million. The second transaction, expected t... 
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03/02/16Forestar Provides Additional Information on Execution of Key Initiatives and Reports Full Year and Fourth Quarter 2015 Results
Significant progress executing key initiatives to reduce costs, exit non-core assets and focus on maximizing shareholder value Actions taken to eliminate over $30 million in annual SG&A costs by year-end 2016 Sold Midtown Cedar Hill multifamily community for $43 million Opportunistically exit multifamily assets Executed agreement to sell Radisson hotel for $130 million ... 
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02/12/16Forestar Group Reschedules Release of Fourth Quarter and Full Year 2015 Results and Earnings Call from February 17 to March 2, 2016 to Provide Additional Information about Key Initiatives
AUSTIN, Texas--(BUSINESS WIRE)--Feb. 12, 2016-- Forestar Group Inc. (“Forestar” or the “Company”) (NYSE: FOR) announced today that it has rescheduled the release of fourth quarter and full year 2015 results from February 17 to March 2, 2016. The Company will hold a conference call on Wednesday, March 2 at 10:00 a.m. ET to discuss these results. The Company has rescheduled the call so it can provide additional information regarding previously announced ke... 
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02/08/16Forestar Announces Director Nomination Agreements with Carlson Capital and Cove Street Capital
AUSTIN, Texas--(BUSINESS WIRE)--Feb. 8, 2016-- Forestar Group Inc. (“Forestar” or the “Company”) (NYSE: FOR) today announced that it has reached agreements with Carlson Capital, L.P. and Cove Street Capital, LLC, regarding the membership and composition of the Board of Directors of the Company. Under the terms of the agreement with Carlson Capital, L.P., the Company appointed Richard D. Squires of Lennox Capital Partners to serve as a Dire... 
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01/28/16Forestar Announces Plan to Exit Multifamily Business
AUSTIN, Texas--(BUSINESS WIRE)--Jan. 28, 2016-- Forestar Group Inc. (NYSE: FOR) (“Forestar” or the “Company”) announced today that its management and Board of Directors have determined that the Company’s multifamily business is non-core. As a result, Forestar intends to opportunistically exit the Company’s multifamily portfolio and will no longer allocate capital to new communities in this business. The Company also announced today that in fourth... 
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01/25/16Forestar Group to Release Fourth Quarter and Full Year 2015 Results on February 17, 2016
AUSTIN, Texas--(BUSINESS WIRE)--Jan. 25, 2016-- Forestar Group Inc. (NYSE: FOR) will release its results for fourth quarter and full year 2015 on February 17, before the market opens. The company will host a conference call on Wednesday, February 17, 2016 at 10:00 a.m. ET to discuss results of fourth quarter and full year 2015. To access the conference call, listeners calling from North America should dial 1-855-546-9555 at least 15 minut... 
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11/12/15Forestar Commences Sale Process for Non-Core Assets
AUSTIN, Texas--(BUSINESS WIRE)--Nov. 12, 2015-- Forestar Group Inc. (NYSE: FOR) (“Forestar” or the “Company”) today announced that its Board of Directors has approved the Company’s engagements of Eastdil Secured to sell the Radisson Hotel & Suites in Austin, Texas, and Tudor, Pickering, Holt & Co. to sell Forestar’s non-core oil and gas assets in the Bakken/Three Forks formations in North Dakota. “Forestar is focused on creating value thro... 
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11/04/15Forestar Group Inc. Reports Third Quarter 2015 Results
Tremendous changes at Forestar including four key initiatives: Reducing costs across the entire organization Reviewing entire portfolio of assets Reviewing capital structure Reviewing additional disclosures AUSTIN, Texas--(BUSINESS WIRE)--Nov. 4, 2015-- Forestar Group Inc. (NYSE: FOR) (“Forestar” or the “Company”) today reported a third quarter 2015 net loss of app... 
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10/14/15Forestar Group to Release Third Quarter 2015 Results on November 4, 2015
AUSTIN, Texas--(BUSINESS WIRE)--Oct. 14, 2015-- Forestar Group Inc. (NYSE: FOR) will release its results for third quarter 2015 on November 4, before the market opens. The company will host a conference call on Wednesday, November 4, 2015 at 10:00 a.m. ET to discuss results of third quarter 2015. To access the conference call, listeners calling from North America should dial 1-855-546-9555 at least 15 minutes prior to the start of the ... 
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10/02/15Forestar Announces CFO Transition
AUSTIN, Texas--(BUSINESS WIRE)--Oct. 2, 2015-- Forestar Group Inc. (NYSE: FOR) today announced that Christopher L. Nines, Chief Financial Officer, stepped down September 30, 2015. The Board of Directors has named Charles D. Jehl, Executive Vice President – Oil & Gas, as Chief Financial Officer. Mr. Jehl served as Forestar’s Chief Accounting Officer from 2006 to 2013, and prior to joining Forestar was Chief Operations Officer and Chief Financial Officer o... 
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09/28/15Forestar Announces CEO Transition, Management Promotions and Board Retirements
AUSTIN, Texas--(BUSINESS WIRE)--Sep. 28, 2015-- Forestar Group Inc. (NYSE: FOR) today announced that James M. DeCosmo, President and Chief Executive Officer, stepped down September 25, 2015. The Board of Directors has named Phillip J. Weber, Chairman of the company’s Real Estate Investment Committee and formerly Executive Vice President – Water Resources, as Chief Executive Officer. Prior to joining Forestar, Mr. Weber served in key executive positions a... 
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08/05/15Forestar Group Inc. Reports Second Quarter 2015 Results
AUSTIN, Texas--(BUSINESS WIRE)--Aug. 5, 2015-- Forestar Group Inc. (NYSE: FOR) today reported a second quarter 2015 net loss of approximately ($34.5) million, or ($1.01) per share outstanding, compared with second quarter 2014 net income of approximately $14.8 million, or $0.34 per share outstanding. Second quarter 2015 results include non-cash charges of approximately ($36.7) million, or ($1.07) per share, after-tax, principally related to impairment of... 
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07/28/15Forestar Announces Second Quarter 2015 Charges Related to Non-Core Oil and Gas Assets
AUSTIN, Texas--(BUSINESS WIRE)--Jul. 28, 2015-- Forestar Group Inc. (NYSE: FOR) today announced non-cash charges of approximately ($57) million principally related to write-downs of non-core oil and gas assets located in the Marchand prospect in Oklahoma and Lansing-Kansas City formation in Nebraska and Kansas. “Following completion of our strategic review in May, we are executing initiatives focused on growing our core real estate business and ... 
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07/15/15Forestar Group to Release Second Quarter 2015 Results on August 5, 2015
AUSTIN, Texas--(BUSINESS WIRE)--Jul. 15, 2015-- Forestar Group Inc. (NYSE: FOR) will release its results for second quarter 2015 on August 5, before the market opens. The company will host a conference call on Wednesday, August 5, 2015 at 10:00 a.m. ET to discuss results of second quarter 2015. To access the conference call, listeners calling from North America should dial 1-855-546-9555 at least 15 minutes prior to the start of the ... 
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05/12/15Forestar to Focus on Core Real Estate Business Following Strategic Review
Acquiring, Entitling and Developing Residential and Mixed-Use Communities Investing in Multifamily Opportunities Harvesting Cash Flow From Oil and Gas By Significantly Lowering Investments and Operating Costs Transitioning Timberland Into Real Estate Properties AUSTIN, Texas--(BUSINESS WIRE)--May 12, 2015-- Forestar Group Inc. (“Forestar” or the “Company”) (NYSE: FOR) announced today that as a result of its strat... 
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05/06/15Forestar Group Inc. Reports First Quarter 2015 Results
AUSTIN, Texas--(BUSINESS WIRE)--May 6, 2015-- Forestar Group Inc. (NYSE: FOR) today reported a first quarter 2015 net loss of approximately ($8.2) million, or ($0.24) per share outstanding, compared with first quarter 2014 net income of approximately $8.3 million, or $0.19 per share outstanding. "Our first quarter operating results were adversely impacted principally by timing of real estate sales activity and lower commodity prices. We so... 
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04/20/15Forestar Group to Release First Quarter 2015 Results on May 6, 2015
AUSTIN, Texas--(BUSINESS WIRE)--Apr. 20, 2015-- Forestar Group Inc. (NYSE: FOR) will release its results for first quarter 2015 on May 6, before the market opens. The company will host a conference call on Wednesday May 6, 2015 at 10:00 a.m. ET to discuss results of first quarter 2015. To access the conference call, listeners calling from North America should dial 1-877-415-3185 at least 15 minutes prior to the start of the call. T... 
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03/13/15Forestar Terminates Shareholder Rights Plan
AUSTIN, Texas--(BUSINESS WIRE)--Mar. 13, 2015-- Forestar Group Inc. (“Forestar” or the “Company”) (NYSE: FOR) today announced that its Board of Directors has approved the termination of its Shareholder Rights Plan adopted in December 2007, advancing its expiration date from December 11, 2017 to March 13, 2015. Effective at 5:00 p.m. Eastern Time on March 13, 2015, the Shareholder Rights Plan and the associated rights will expire and will be of no further... 
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03/05/15Forestar Reports Full Year and Fourth Quarter 2014 Results
Delivering record real estate segment earnings with highest lot sales and margins since 2006 Generating 20% oil and gas production and reserve growth Repurchasing almost $25 million of common stock AUSTIN, Texas--(BUSINESS WIRE)--Mar. 5, 2015-- Forestar Group Inc. (NYSE: FOR) today reported full year 2014 net income of approximately $16.6 million, or $0.38 per diluted share, compared with full year... 
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02/09/15Forestar Announces Director Nomination Agreement with Cove Street Capital and SpringOwl Associates
AUSTIN, Texas--(BUSINESS WIRE)--Feb. 9, 2015-- Forestar Group Inc. (“Forestar” or the “Company”) (NYSE: FOR) today announced that it has reached an agreement with Cove Street Capital, LLC and SpringOwl Associates, LLC, regarding the membership and composition of the Board of Directors of the Company. Under the terms of the agreement, the Company appointed Daniel B. Silvers of SpringOwl Asset Management LLC and David L. Weinstein, former Pr... 
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01/29/15Forestar Announces Oil and Gas Cost and Capital Reduction Initiatives and Updates Segment Earnings Guidance
AUSTIN, Texas--(BUSINESS WIRE)--Jan. 29, 2015-- Forestar Group Inc. (“Forestar” or the “Company”) (NYSE: FOR) today announced cost and capital reductions and updated fourth quarter 2014 earnings guidance related to its oil and gas segment. Prior to completion of the previously-announced review of strategic alternatives, including a review of the oil and gas business, the Company has implemented a number of initiatives to significantly reduce ... 
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01/23/15Forestar Group to Release Fourth Quarter and Full Year 2014 Results on March 5, 2015
AUSTIN, Texas--(BUSINESS WIRE)--Jan. 23, 2015-- Forestar Group Inc. (NYSE: FOR) will release its results for fourth quarter and full year 2014 on March 5, before the market opens. The company will host a conference call on Thursday, March 5, 2015 at 10:00 a.m. ET to discuss results of fourth quarter and full year 2014. To access the conference call, listeners calling from North America should dial 1-866-318-8613 at least 15 minutes prior ... 
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01/06/15Forestar Comments on Letter from SpringOwl and Cove Street
AUSTIN, Texas--(BUSINESS WIRE)--Jan. 6, 2015-- Forestar Group Inc. (“Forestar”) (NYSE: FOR) today issued the following statement in response to the letter issued by SpringOwl Asset Management LLC (“SpringOwl”) and Cove Street Capital LLC (“Cove Street”): The Forestar Board of Directors and management team are committed to maximizing shareholder value. To that end, as announced on December 8, 2014, Forestar is fully engaged in exploring strategic ... 
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12/08/14Forestar Announces Plan to Explore Strategic Alternatives to Enhance Shareholder Value
AUSTIN, Texas--(BUSINESS WIRE)--Dec. 8, 2014-- Forestar Group Inc. ("Forestar") (NYSE: FOR) today announced that its Board of Directors, working together with its management team and financial advisor, Goldman, Sachs & Co., is exploring strategic alternatives to enhance shareholder value. This analysis will include a review of alternatives with respect to the oil and gas business. There is no assurance that exploration of strategic alternatives w... 
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11/17/14Forestar Acknowledges 13D Filing and Reaffirms Commitment to Maximizing Long-Term Shareholder Value
AUSTIN, Texas--(BUSINESS WIRE)--Nov. 17, 2014-- Forestar Group Inc. ("Forestar") (NYSE: FOR) today acknowledged that SpringOwl Associates LLC and Cove Street Capital, LLC have filed a Schedule 13D with the Securities and Exchange Commission reporting that they have acquired beneficial ownership of approximately 6.2% of the company’s common stock. “As a company, we have maintained, and will continue to encourage open communication with all ... 
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11/13/14Forestar Announces Plan to Declassify Board of Directors
AUSTIN, Texas--(BUSINESS WIRE)--Nov. 13, 2014-- Forestar Group Inc. ("Forestar") (NYSE: FOR) today announced that its Board of Directors has voted to recommend declassifying the board so that all directors are elected annually, a change that must be approved by the Company’s stockholders at the 2015 Annual Meeting. If the change is approved, directors would be elected to one-year terms as their existing terms expire. The full text of the proposal will be... 
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11/05/14Forestar Group Inc. Reports Third Quarter 2014 Results
AUSTIN, Texas--(BUSINESS WIRE)--Nov. 5, 2014-- Forestar Group Inc. (NYSE: FOR) today reported third quarter 2014 net income of approximately $5.2 million, or $0.12 per diluted share outstanding, compared with third quarter 2013 net income of approximately $11.8 million, or $0.33 per diluted share outstanding. Third quarter 2013 results include a previously unrecognized tax benefit of approximately $6.3 million, or $0.17 per share, related to qualified ... 
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10/13/14Forestar Group to Release Third Quarter 2014 Results on November 5, 2014
AUSTIN, Texas--(BUSINESS WIRE)--Oct. 13, 2014-- Forestar Group Inc. (NYSE: FOR) will release its results for third quarter 2014 on November 5, before the market opens. The company will host a conference call on Wednesday, November 5, 2014 at 10:00 a.m. ET to discuss results of third quarter 2014. To access the conference call, listeners calling from North America should dial 1-877-299-4454 at least 15 minutes prior to the start of the ... 
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08/06/14Forestar Group Inc. Reports Second Quarter 2014 Results
AUSTIN, Texas--(BUSINESS WIRE)--Aug. 6, 2014-- Forestar Group Inc. (NYSE: FOR) today reported second quarter 2014 net income of approximately $14.8 million, or $0.34 per diluted share outstanding, compared with second quarter 2013 net income of approximately $0.5 million, or $0.02 per diluted share outstanding. “During second quarter, residential lot sales remained strong and we are developing lots commensurate with inventories and home buyer dem... 
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07/08/14Forestar Group to Release Second Quarter 2014 Results on August 6, 2014
AUSTIN, Texas--(BUSINESS WIRE)--Jul. 8, 2014-- Forestar Group Inc. (NYSE: FOR) will release its results for second quarter 2014 on August 6, before the market opens. The company will host a conference call on Wednesday, August 6, 2014, at 10:00 a.m. ET to discuss results of second quarter 2014. To access the conference call, listeners calling from North America should dial 1-866-543-6403 at least 15 minutes prior to the start of the ... 
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05/07/14Forestar Announces Pricing of $250 Million of Senior Secured Notes
AUSTIN, Texas--(BUSINESS WIRE)--May 7, 2014-- Forestar Group Inc. ("Forestar") (NYSE: FOR) today announced that its wholly-owned subsidiary, Forestar (USA) Real Estate Group Inc. ("Forestar USA"), priced its previously announced offering of $250 million aggregate principal amount of 8.500% senior secured notes due 2022 (the "Secured Notes"). Subject to customary closing conditions, the sale of the notes is expected to close on or about May 12, 2014. ... 
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05/06/14Forestar Group Inc. Reports First Quarter 2014 Results
AUSTIN, Texas--(BUSINESS WIRE)--May 6, 2014-- Forestar Group Inc. (NYSE: FOR) today reported first quarter 2014 net income of approximately $8.3 million, or $0.19 per diluted share outstanding, compared with first quarter 2013 net income of approximately $4.0 million, or $0.11 per diluted share outstanding. “During first quarter, record residential lot sales activity was fueled by growing builder demand for lots in high quality locations. We also... 
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04/29/14Forestar Announces Proposed Offering of $250 Million of Senior Secured Notes
AUSTIN, Texas--(BUSINESS WIRE)--Apr. 29, 2014-- Forestar Group Inc. ("Forestar") (NYSE: FOR) today announced that its wholly-owned subsidiary, Forestar (USA) Real Estate Group Inc. ("Forestar USA"), intends to offer, in a private transaction, up to $250 million aggregate principal amount of senior secured notes due 2022 (the "Secured Notes"), subject to market conditions and other factors. The Secured Notes will be unsubordinated obligatio... 
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04/10/14Forestar Group to Release First Quarter 2014 Results on May 7, 2014
AUSTIN, Texas--(BUSINESS WIRE)--Apr. 10, 2014-- Forestar Group Inc. (NYSE: FOR) will release its results for first quarter 2014 on May 7, before the market opens. The company will host a conference call on Wednesday, May 7, 2014 at 10:00 a.m. ET to discuss results of first quarter 2014. To access the conference call, listeners calling from North America should dial 1-866-825-3209 at least 15 minutes prior to the start of the call. ... 
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02/13/14Forestar Group Inc. Reports Full Year and Fourth Quarter 2013 Results
AUSTIN, Texas--(BUSINESS WIRE)--Feb. 13, 2014-- Forestar Group Inc. (NYSE: FOR) today reported full year 2013 net income of approximately $29.3 million, or $0.80 per diluted share, compared with full year 2012 net income of approximately $12.9 million, or $0.36 per diluted share outstanding. Full year 2013 results include a previously unrecognized tax benefit of approximately $6.3 million, or $0.17 per share, related to qualified timber gains. Full year ... 
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01/15/14Forestar Group to Release Fourth Quarter and Full Year 2013 Results on February 13, 2014
AUSTIN, Texas--(BUSINESS WIRE)--Jan. 15, 2014-- Forestar Group Inc. (NYSE: FOR) will release its results for fourth quarter and full year 2013 on February 13, before the market opens. The company will host a conference call on Thursday, February 13, 2014 at 10:00 a.m. ET to discuss results of fourth quarter and full year 2013. To access the conference call, listeners calling from North America should dial 1-800-901-5241 at least 15 minute... 
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11/27/13Forestar Group Inc. Announces the Closing of Its Previously Announced Tangible Equity Units Offering
AUSTIN, Texas--(BUSINESS WIRE)--Nov. 27, 2013-- Forestar Group Inc. (NYSE: FOR) (the “Company”) today announced the closing of its previously announced underwritten public offering of 6,000,000 6.00% Tangible Equity Units (the “Offering”), resulting in net proceeds to the Company of approximately $144.8 million. The closing of the Offering includes the full exercise by the underwriters of their option to purchase additional units. The Comp... 
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11/22/13Forestar Group Inc. Announces Pricing of Tangible Equity Units
AUSTIN, Texas--(BUSINESS WIRE)--Nov. 22, 2013-- Forestar Group Inc. (NYSE:FOR) (the “Company”) today announced the pricing of an underwritten public offering of 5,400,000 6.00% Tangible Equity Units (the “Units”), each with a stated value of $25.00, which will result in net proceeds to the Company of approximately $130.27 million. The underwriters have a 13-day option to purchase up to an additional 600,000 Units from the Company. Settlement of the offer... 
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11/20/13Forestar Group Inc. Announces Public Offering of Tangible Equity Units
AUSTIN, Texas--(BUSINESS WIRE)--Nov. 20, 2013-- Forestar Group Inc. (NYSE: FOR) (the "Company") today announced that it intends to offer 5,400,000 Tangible Equity Units (the “Units”), each with a stated value of $25.00, in an underwritten public offering. In addition, the Company intends to grant the underwriters an option to purchase up to an additional 600,000 Units. Each Unit will consist of a prepaid stock purchase contract and an amortizing note. Un... 
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11/06/13Forestar Group Inc. Reports Third Quarter 2013 Results
AUSTIN, Texas--(BUSINESS WIRE)--Nov. 6, 2013-- Forestar Group Inc. (NYSE: FOR) today reported third quarter 2013 net income of approximately $11.8 million, or $0.33 per diluted share, compared with a third quarter 2012 net loss of approximately ($0.7) million, or ($0.02) per share outstanding. Third quarter 2013 results include a previously unrecognized tax benefit of approximately $6.3 million, or $0.17 per share, related to qualified timber gains. Thir... 
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10/24/13Eleven Multifamily Venture Celebrates Grand Opening
AUSTIN, Texas--(BUSINESS WIRE)--Oct. 24, 2013-- Forestar Group Inc. (NYSE: FOR) and Canyon-Johnson Urban Funds (CJUF) celebrated the official grand opening of East Austin’s newest multifamily community, Eleven, at the property this afternoon. The first residents will begin moving into their homes tomorrow. The 257-unit multifamily community has transformed the southeast corner of East 11th Street and Interstate 35, considered a gateway int... 
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10/22/13Forestar Group to Release Third Quarter 2013 Results on November 6, 2013
AUSTIN, Texas--(BUSINESS WIRE)--Oct. 22, 2013-- Forestar Group Inc. (NYSE: FOR) will release its results for third quarter 2013 on November 6, before the market opens. The company will host a conference call on Wednesday, November 6, 2013 at 10:00 a.m. ET to discuss results of third quarter 2013. To access the conference call, listeners calling from North America should dial 1-866-318-8611 at least 15 minutes prior to the start of the ... 
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08/09/13Forestar to Present at EnerCom’s The Oil & Gas Conference® 18
AUSTIN, Texas--(BUSINESS WIRE)--Aug. 9, 2013-- Forestar Group Inc. (NYSE: FOR) today announced that Jim DeCosmo, president and chief executive officer of Forestar, will present at EnerCom’s The Oil & Gas Conference® 18 on Wednesday, August 14, 2013. The conference is being held at the Westin Downtown in Denver, Colorado. Forestar’s presentation is scheduled to begin at 8:25 a.m. MDT. A live and archived webcast of the presentation may be accessed ... 
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08/07/13Forestar Group Inc. Reports Second Quarter 2013 Results
AUSTIN, Texas--(BUSINESS WIRE)--Aug. 7, 2013-- Forestar Group Inc. (NYSE: FOR) today reported second quarter 2013 net income of approximately $0.5 million, or $0.02 per diluted share, compared with second quarter 2012 net income of approximately $0.8 million, or $0.02 per diluted share outstanding. Second quarter 2012 results include after-tax expenses of approximately ($1.6) million, or ($0.05) per diluted share, associated with the acquisition of Credo... 
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07/08/13Forestar Group to Release Second Quarter 2013 Results on August 7, 2013
AUSTIN, Texas--(BUSINESS WIRE)--Jul. 8, 2013-- Forestar Group Inc. (NYSE: FOR) will release its results for second quarter 2013 on August 7, before the market opens. The company will host a conference call on Wednesday, August 7, 2013 at 10:00 a.m. ET to discuss results of second quarter 2013. To access the conference call, listeners calling from North America should dial 1-866-515-2912 at least 15 minutes prior to the start of the ... 
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05/08/13Forestar Group Inc. Reports First Quarter 2013 Results
Accelerating Value Realization through Higher Residential Lot Sales, Increased Oil Production and Capitalizing on Multifamily Opportunities AUSTIN, Texas--(BUSINESS WIRE)--May. 8, 2013-- Forestar Group Inc. (NYSE: FOR) today reported first quarter 2013 net income of approximately $4.0 million, or $0.11 per diluted share, compared with first quarter 2012 net income of approximately $2.8 million, or $0.08 per diluted share outstanding. ... 
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04/24/13Forestar Group to Release First Quarter 2013 Results on May 8, 2013
AUSTIN, Texas--(BUSINESS WIRE)--Apr. 24, 2013-- Forestar Group Inc. (NYSE: FOR) will release its results for first quarter 2013 on May 8, before the market opens. The company will host a conference call on Wednesday, May 8, 2013 at 10:00 a.m. ET to discuss results of first quarter 2013. To access the conference call, listeners calling from North America should dial 1-877-280-4958 at least 15 minutes prior to the start of the call. ... 
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04/15/13Forestar to Present at IPAA OGIS New York Conference
AUSTIN, Texas--(BUSINESS WIRE)--Apr. 15, 2013-- Forestar Group Inc. (NYSE: FOR) today announced that Jim DeCosmo, president and chief executive officer of Forestar, will present at IPAA’s OGIS New York conference on Wednesday, April 17, 2013. The conference is being held at the Sheraton NY Hotel & Towers in New York, New York. Forestar’s presentation is scheduled to begin at 10:55 a.m. EDT. A live and archived webcast of the presentation may be accessed ... 
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02/21/13Forestar Group Inc. Announces Pricing of Convertible Notes
AUSTIN, Texas--(BUSINESS WIRE)--Feb. 21, 2013-- Forestar Group Inc. (NYSE: FOR) (the "Company") today announced the pricing of an underwritten public offering of $110,000,000 aggregate principal amount of its 3.75% Convertible Senior Notes due 2020 (the "Notes"). The underwriters have a 30-day option to purchase up to an additional $15,000,000 aggregate principal amount of Notes from the Company. Settlement of the offering is subject to customary clo... 
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02/19/13Forestar Group Inc. Announces Public Offering of Convertible Notes
AUSTIN, Texas--(BUSINESS WIRE)--Feb. 19, 2013-- Forestar Group Inc. (NYSE: FOR) (the "Company") today announced that it intends to offer $110,000,000 aggregate principal amount of its Convertible Senior Notes due 2020 (the “Notes”) in an underwritten public offering. Prior to November 1, 2019, the Notes will be convertible only upon limited circumstances and during certain periods, and thereafter will be convertible at any time prior to the close of ... 
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02/13/13Forestar Group Inc. Reports Full Year and Fourth Quarter 2012 Results
Delivering the Greatest Value From Every Acre, Accelerating Value Realization and Growing Through Strategic Investments AUSTIN, Texas--(BUSINESS WIRE)--Feb. 13, 2013-- Forestar Group Inc. (NYSE: FOR) today reported full year 2012 net income of approximately $12.9 million, or $0.36 per diluted share, compared with full year 2011 net income of approximately $7.2 million, or $0.20 per diluted share outstanding. ... 
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01/15/13Forestar Group to Release Fourth Quarter and Full Year 2012 Results on February 13, 2013
AUSTIN, Texas--(BUSINESS WIRE)--Jan. 15, 2013-- Forestar Group Inc. (NYSE: FOR) will release its results for fourth quarter and full year 2012 on February 13, after the market closes. The company will host a conference call on Thursday, February 14, 2013 at 10:00 a.m. ET to discuss results of fourth quarter and full year 2012. To access the conference call, listeners calling from North America should dial 1-800-510-9836 at least 15 mi... 
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11/26/12Forestar Group Inc. to Host Investor Day
AUSTIN, Texas--(BUSINESS WIRE)--Nov. 26, 2012-- Forestar Group Inc. (NYSE: FOR) will be hosting an Investor Day on Tuesday, December 11, 2012. The conference is being held at the Grand Hyatt Hotel at 109 East 42nd Street at Grand Central Terminal in New York. Forestar’s presentation is scheduled to begin at 8:30 a.m. ET and conclude by noon. Please RSVP by December 3, 2012 to Anna Torma at 512-433-5312 or AnnaTorma@ForestarGroup.com. ... 
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11/13/12Forestar Group Inc. to Present at the Southwest IDEAS Investor Conference
AUSTIN, Texas--(BUSINESS WIRE)--Nov. 13, 2012-- Forestar Group Inc. (NYSE: FOR) today announced that Jim DeCosmo, president and chief executive officer of Forestar will present at the Southwest IDEAS Investor Conference on Thursday, November 15, 2012. The conference is being held at the Sheraton Dallas Hotel by the Galleria in Dallas, Texas. Forestar’s presentation is scheduled to begin at 9:45 a.m. CST. A live and archived webcast of the presentatio... 
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11/07/12Forestar Group Inc. Reports Third Quarter 2012 Results
Accelerating Value Realization, Growing Through Strategic Investments and Delivering the Greatest Value from Every Acre AUSTIN, Texas--(BUSINESS WIRE)--Nov. 7, 2012-- Forestar Group Inc. (NYSE: FOR) today reported a third quarter 2012 net loss of approximately ($0.7) million, or ($0.02) per share, compared with third quarter 2011 net income of approximately $36.4 million, or $1.02 per diluted share outstanding. Third quarter 2012 results incl... 
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10/09/12Forestar Group to Release Third Quarter 2012 Results on November 7, 2012
AUSTIN, Texas--(BUSINESS WIRE)--Oct. 9, 2012-- Forestar Group Inc. (NYSE: FOR) will release its results for third quarter 2012 on November 7. The company will host a conference call on November 7, 2012 at 2:00 p.m. ET to discuss results of third quarter 2012. To access the conference call, listeners calling from North America should dial 1-800-901-5213 at least 15 minutes prior to the start of the call. Those wishing to access ... 
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10/01/12Forestar Group Inc. Names Flavious Smith Chief Oil & Gas Officer
AUSTIN, Texas--(BUSINESS WIRE)--Oct. 1, 2012-- Forestar Group Inc. (NYSE: FOR) today announced that Flavious Smith has been named Chief Oil & Gas Officer. Mr. Smith will be responsible for managing the company’s oil and gas assets. Flavious joined the company in 2008 as Executive Vice President - Minerals. Prior to joining Forestar, Mr. Smith had been Division Land Manager for EOG Resources, Inc. in Fort Worth, Texas since 2005. Prior ... 
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09/28/12Forestar Completes Acquisition of Credo Petroleum
Credo additions: Proven reserves of 4.1 million BOE as of October 31, 2011 Current production of 1,187 barrels of oil equivalent per day Over 135,000 net mineral acres in oil-rich basins, including 6,000 net mineral acres in the core of the Bakken and Three Forks formations AUSTIN, Texas--(BUSINESS WIRE)--Sep. 28, 2012-- Forestar Group Inc. (NYSE: FOR) today announced th... 
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09/12/12Forestar Group to Present at JMP Securities Financial Services and Real Estate Conference
AUSTIN, Texas--(BUSINESS WIRE)--Sep. 12, 2012-- Forestar Group Inc. (NYSE: FOR) today announced that Jim DeCosmo, president and chief executive officer, will be presenting at the JMP Securities Financial Services and Real Estate Conference in New York on Thursday September 13, 2012 at 2:30 pm ET. The live presentation may be accessed through Forestar Group’s Internet site, www.forestargroup.com, by clicking on "Investor Relations – Eve... 
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08/14/12Charles W. Matthews Appointed to Forestar Group Board
AUSTIN, Texas--(BUSINESS WIRE)--Aug. 14, 2012-- Forestar Group Inc. (NYSE:FOR) is pleased to announce the appointment of Charles W. Matthews to the Company’s Board of Directors. Mr. Matthews, 67, served Exxon Mobil Corporation, one of the leading global energy companies in the world, and its predecessor, Exxon Corporation, in several capacities in its legal department since 1971. He was appointed Vice President and General Counsel in 1995 unt... 
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08/08/12Forestar Group Inc. Reports Second Quarter 2012 Results
Accelerating Value Realization, Growing Through Strategic Investments and Delivering the Greatest Value from Every Acre AUSTIN, Texas--(BUSINESS WIRE)--Aug. 8, 2012-- Forestar Group Inc. (NYSE: FOR) today reported second quarter 2012 net income of approximately $0.8 million, or $0.02 per diluted share, compared with a second quarter 2011 net loss of approximately ($3.9) million, or ($0.11) per share outstanding. Second quarter 2012 results ... 
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07/18/12Forestar Group to Release Second Quarter 2012 Results on August 8, 2012
AUSTIN, Texas--(BUSINESS WIRE)--Jul. 18, 2012-- Forestar Group Inc. (NYSE: FOR) will release its results for second quarter 2012 on August 8. The company will host a conference call on August 8, 2012 at 2:00 p.m. ET to discuss results of second quarter 2012. To access the conference call, listeners calling from North America should dial 1-800-638-5495 at least 15 minutes prior to the start of the call. Those wishing to access t... 
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07/02/12Forestar Partners with Guggenheim on Multifamily Venture in Denver
AUSTIN, Texas--(BUSINESS WIRE)--Jul. 2, 2012-- Forestar Group Inc. (NYSE: FOR) today announced it has formed a multifamily venture with Guggenheim Real Estate, LLC for development of a luxury multifamily community located in Denver, Colorado. The project, to be called 360°, will be located in the southeast business corridor of Metro Denver within the Denver Tech Center market. “Forestar continues to build momentum in our multifamily business ... 
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06/04/12Forestar to Acquire Credo Petroleum
Acquisition expected to double production and reserves, provide meaningful ownership in strategic oil and gas basins, further enhance transparency and disclosure, and create solid platform for continued growth AUSTIN, Texas--(BUSINESS WIRE)--Jun. 4, 2012-- Forestar Group Inc. (NYSE: FOR) today announced the signing of a definitive agreement to acquire CREDO Petroleum Corporation (NASDAQ: CRED) in an all cash transaction for $14.50 per ... 
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05/29/12Forestar Partners with Canyon-Johnson on Multifamily Venture in Austin
AUSTIN, Texas--(BUSINESS WIRE)--May. 29, 2012-- Forestar Group Inc. (NYSE: FOR) today announced it has formed a multifamily venture with Canyon-Johnson Urban Funds (CJUF) for development of a downtown multifamily community located in Austin, Texas. The project, to be called Eleven, will be located at the southeast corner of East 11th Street and Interstate 35. Eleven will consist of 257 units in a four-story podium style building above ... 
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05/10/12Forestar Group Inc. Reports First Quarter 2012 Results
AUSTIN, Texas--(BUSINESS WIRE)--May. 10, 2012-- Forestar Group Inc. (NYSE: FOR): Accelerating Value Realization By Increasing Oil Production and Growing Net Asset Value By Capitalizing on Strategic Growth Opportunities “During first quarter, oil and natural gas revenues continued to gain momentum, driven primarily by increased oil production in the Upper Wilcox formation located in Beauregard Parish, Louisiana. Residential lot ... 
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04/26/12Forestar Celebrates Grand Opening of Promesa
"Green Certified" Community Marks An Important Milestone in Forestar's Multifamily Initiative AUSTIN, Texas, Apr 26, 2012 (BUSINESS WIRE) --Forestar Group Inc. (NYSE: FOR) celebrated the grand opening of Austin's newest multifamily lifestyle community, Promesa, today in a ceremony with the Four Points Chamber of Commerce. As part of its ongoing focus on environmental stewardship, Forestar donated $5,000 to The Nature Conservancy in support of th... 
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04/24/12Sale of Light Farms Further Increases Forestar's Financial Flexibility
AUSTIN, Texas, Apr 24, 2012 (BUSINESS WIRE) --Forestar Group Inc. (NYSE: FOR) today announced that Forestar/RPG Land Company LLC, a consolidated venture, sold approximately 800 acres near Dallas, Texas (Light Farms real estate project) for $56 million in total consideration. The property was sold to an affiliate of the Republic Property Group. As a result of this transaction, Forestar received $25 million in cash proceeds, reduced consolidated debt by $... 
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04/23/12Forestar Group to Release First Quarter 2012 Results on May 10, 2012
AUSTIN, Texas, Apr 23, 2012 (BUSINESS WIRE) --Forestar Group Inc. (NYSE: FOR) will release its results for first quarter 2012 on May 10, before the market opens. The company will host a conference call on May 10, 2012 at 2:00 p.m. ET to discuss results of first quarter 2012. To access the conference call, listeners calling from North America should dial 1-866-510-0711 at least 15 minutes prior to the start of the call. Those wishing to access the call from o... 
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02/22/12Forestar Group Inc. Reports Full Year and Fourth Quarter 2011 Results
AUSTIN, Texas--(BUSINESS WIRE)--Feb. 22, 2012-- Forestar Group Inc. (NYSE: FOR): Building Momentum by Increasing Oil Production, Proven Reserves and Residential Lot Sales “We are well positioned to accelerate value realization of our oil and gas resources by growing production and reserves, a key driver of future earnings and cash flow. Executing our strategy to drive exploration and production is clearly demonstrated in Louisi... 
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02/15/12Carl A. Thomason Appointed to Forestar Group Board
AUSTIN, Texas--(BUSINESS WIRE)--Feb. 15, 2012-- Forestar Group Inc. (NYSE: FOR) is pleased to announce the appointment of Carl A. Thomason to the Company’s Board of Directors. Mr. Thomason, 58, has over 30 years of experience in the oil and gas industry, holding various positions relating to the acquisition and trading of crude oil, including as an owner of a regional crude oil gathering and transportation company. Mr. Thomason serves on the ... 
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02/06/12Forestar Group Reschedules Release of Fourth Quarter and Full Year 2011 Results from February 8 to February 22, 2012
AUSTIN, Texas--(BUSINESS WIRE)--Feb. 6, 2012-- Forestar Group Inc. (NYSE: FOR) announced that it has rescheduled the release of fourth quarter and full year 2011 results from February 8 to February 22, 2012 before the market opens. The company will hold a conference call on February 22 at 10:00 am ET to discuss the results for fourth quarter and full year 2011. The company has executed a letter of intent to purchase real estate assets ... 
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01/10/12Forestar Group to Release Fourth Quarter and Full Year 2011 Results on February 8, 2012
AUSTIN, Texas--(BUSINESS WIRE)--Jan. 10, 2012-- Forestar Group Inc. (NYSE: FOR) will release its results for fourth quarter and full year 2011 on February 8, before the market opens. The company will host a conference call on February 8, 2012 at 10:00 a.m. ET to discuss results of fourth quarter and full year 2011. To access the conference call, listeners calling from North America should dial 1-800-659-1942 at least 15 minutes prior ... 
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11/09/11Forestar Group Inc. Names Anna Torma Senior Vice President - Corporate Affairs
AUSTIN, Texas, Nov 09, 2011 (BUSINESS WIRE) --Forestar Group Inc. (NYSE: FOR) today announced that Anna Torma has joined the company as Senior Vice President - Corporate Affairs. Ms. Torma will be responsible for managing investor relations, corporate communications, environmental health and safety programs and corporate sustainability initiatives. Ms. Torma has an extensive background in real estate and natural resource related markets. Prior to join... 
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11/02/11Forestar Group Inc. Reports Third Quarter 2011 Results
AUSTIN, TEXAS, Nov 02, 2011 (BUSINESS WIRE) --Well Positioned To Benefit from Increasing Oil Production and Declining Finished Lot Inventories in Texas Markets "During third quarter, a substantial increase in our share of oil production generated the highest quarterly royalty revenues over the last two years, as we began to realize the benefit of increased oil production related to 2,800 acres in the Upper Wilcox formation located in Beauregard Parish, ... 
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10/07/11Forestar Group to Release Third Quarter 2011 Results on November 2, 2011
AUSTIN, Texas, Oct 07, 2011 (BUSINESS WIRE) --Forestar Group Inc. (NYSE: FOR) will release its results for third quarter 2011 on November 2, before the market opens. The company will host a conference call on November 2, 2011 at 10:00 a.m. ET to discuss results of third quarter 2011. To access the conference call, listeners calling from North America should dial 1-866-804-6927 at least 15 minutes prior to the start of the call. Those wishing to access the ... 
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09/13/11Forestar Group to Present at JMP Securities Financial Services and Real Estate Conference
AUSTIN, Texas, Sep 13, 2011 (BUSINESS WIRE) --Forestar Group Inc. (NYSE: FOR) today announced that Jim DeCosmo, president and chief executive officer, will be presenting at the JMP Securities Financial Services and Real Estate Conference in New York on Monday September 26, 2011 at 2:00 pm ET. The live presentation may be accessed through Forestar Group's Internet site, www.forestargroup.com, by clicking on "Investor Relations - Investor Events." Repla... 
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08/08/11Forestar Completes Sale to Plum Creek
Sale of 50,000 acres of timberland for $75 million AUSTIN, Texas, Aug 08, 2011 (BUSINESS WIRE) --Forestar Group Inc. (NYSE: FOR) today announced that it completed its previously announced sale of approximately 50,000 acres of timberland in Georgia and Alabama for $75 million to Plum Creek Timber Company, Inc. Forestar reserved mineral rights and retained an option to acquire the mitigation rights to approximately 1,000 acres for use in mitigation banks.... 
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08/03/11Forestar Group Inc. Reports Second Quarter 2011 Results
Second Quarter and Other Significant Highlights Entered into definitive agreement to sell 50,000 acres of timberland for $75 million Sold 283 residential lots, a 32% increase compared with first quarter 2011 and a 20% increase compared with second quarter 2010 - Almost 1,500 residential lots under contract Entitled 1,068 acre mixed-use project located near Atlanta, Georgia Executed leases on 2,500 net mineral acres and exploration agreements on 28,500 net mineral acres in Louisiana an... 
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07/11/11Forestar Group to Release Second Quarter 2011 Results on August 3, 2011
AUSTIN, Texas, Jul 11, 2011 (BUSINESS WIRE) --Forestar Group Inc. (NYSE: FOR) will release its results for second quarter 2011 on August 3, before the market opens. The company will host a conference call on August 3, 2011 at 10:00 a.m. ET to discuss results of second quarter 2011. To access the conference call, listeners calling from North America should dial 1-866-383-8003 at least 15 minutes prior to the start of the call. Those wishing to access the ca... 
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07/07/11Forestar Announces Timberland Sale for $75 Million
Definitive Agreement with Plum Creek for sale of 50,000 acres AUSTIN, Texas, Jul 07, 2011 (BUSINESS WIRE) --Pursuant to previously announced strategic initiatives, Forestar Group Inc. (NYSE: FOR) today announced that it entered into a definitive agreement with Plum Creek Timber Company, Inc. to sell approximately 50,000 acres of timberland for approximately $75 million in a cash transaction. The timberlands are located in Georgia and Alabama and the sal... 
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06/09/11Forestar Withdraws Proposed Private Offerings of Senior Secured Notes and Convertible Notes
AUSTIN, Texas, Jun 09, 2011 (BUSINESS WIRE) --Forestar Group Inc. ("Forestar") (NYSE: FOR) today announced that, as a result of recent deterioration in the capital markets, it and its wholly-owned subsidiary, Forestar (USA) Real Estate Group Inc., have decided not to proceed with their previously announced proposed private offerings of $100 million aggregate principal amount of convertible notes due 2018 and $150 million aggregate principal amount senior ... 
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05/31/11Forestar Announces Proposed Offerings of $150 Million of Senior Secured Notes and $100 Million of Convertible Senior Notes
AUSTIN, Texas, May 31, 2011 (BUSINESS WIRE) --Forestar Group Inc. ("Forestar") (NYSE: FOR) today announced that its wholly-owned subsidiary, Forestar (USA) Real Estate Group Inc. ("Forestar USA"), intends to offer, in a private transaction, $150 million aggregate principal amount of senior secured notes due 2019 (the "Secured Notes"), subject to market conditions and other factors. Concurrently with the Secured Notes offering, Forestar intends to offer, ... 
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05/09/11Forestar Group to Present at JMP Securities Research Conference
AUSTIN, Texas, May 09, 2011 (BUSINESS WIRE) -- Forestar Group Inc. (NYSE: FOR) today announced that Jim DeCosmo, president and chief executive officer, will be presenting at the JMP Securities Research Conference in San Francisco on Wednesday May 11, 2011 at 1:00 p.m. EDT. The live presentation may be accessed through Forestar Group's Internet site, www.forestargroup.com, by clicking on "Investor Relations - Investor Events." Replays of the presentation will be available for two weeks followin... 
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05/04/11Forestar Group Inc. Reports First Quarter 2011 Results
AUSTIN, TEXAS, May 04, 2011 (BUSINESS WIRE) --Forestar Group Inc. (NYSE: FOR) today reported a first quarter 2011 net loss of approximately ($2.5) million, or ($0.07) per basic share, compared with a first quarter 2010 net loss of ($3.0) million, or ($0.08) per basic share outstanding. "Our first quarter results reflect current market conditions for our real estate and natural resources," said Jim DeCosmo, president and chief executive officer of Fore... 
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04/21/11Forestar Group to Release First Quarter 2011 Results on May 4, 2011
AUSTIN, TEXAS, Apr 21, 2011 (BUSINESS WIRE) -- Forestar Group Inc. (NYSE: FOR) will release its results for first quarter 2011 on May 4, before the market opens. The company will host a conference call on May 4, 2011 at 10:00 a.m. ET to discuss results of first quarter 2011. To access the conference call, listeners calling from North America should dial 1-866-783-2140 at least 15 minutes prior to the start of the call. Those wishing to access the call from outside North America should dial 1... 
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03/15/11Forestar Group Inc. Names Bruce Dickson Chief Real Estate Officer and Craig Knight Chief Investment Officer - Real Estate
AUSTIN, Texas, Mar 15, 2011 (BUSINESS WIRE) --Forestar Group Inc. (NYSE: FOR) today announced that Bruce Dickson has joined the company as Chief Real Estate Officer and Craig Knight has been named Chief Investment Officer - Real Estate. Mr. Dickson will be responsible for managing Forestar's real estate segment. Mr. Knight will be focused on identifying and developing real estate acquisition and growth opportunities. Mr. Dickson has over 25 years of r... 
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02/01/11Forestar Group Inc. Reports Full Year and Fourth Quarter 2010 Results
AUSTIN, Texas, Feb 01, 2011 (BUSINESS WIRE) --Forestar Group Inc. (NYSE: FOR) today reported full year 2010 net income of $5.1 million, or $0.14 per diluted share, compared with full year 2009 net income of $59.1 million, or $1.64 per diluted share. Full year 2010 results include an after-tax gain of $0.51 per diluted share from the sale of almost 24,000 acres of timberland, compared with an after-tax gain of $1.82 per diluted share from the sale of about ... 
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01/07/11Forestar Group to Release Fourth Quarter and Full Year 2010 Results on February 1, 2011
AUSTIN, Texas, Jan 07, 2011 (BUSINESS WIRE) --Forestar Group Inc. (NYSE: FOR) will release its results for fourth quarter and full year 2010 on February 1, after the market closes. The company will host a conference call on February 2, 2011 at 10:00 a.m. ET to discuss results of fourth quarter and full year 2010. To access the conference call, listeners calling from North America should dial 1-866-356-3095 at least 15 minutes prior to the start of the call... 
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11/02/10Forestar Group Inc. Reports Third Quarter 2010 Results
AUSTIN, Texas, Nov 02, 2010 (BUSINESS WIRE) --Forestar Group Inc. (NYSE: FOR) today reported third quarter 2010 net income of approximately $8.9 million, or $0.25 per diluted share, compared with third quarter 2009 net income of $19.5 million, or $0.54 per diluted share outstanding. Third quarter 2010 results include an after-tax gain of $0.28 per diluted share, from the sale of about 14,100 acres of timberland for approximately $22.6 million. Third quarte... 
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10/12/10Forestar Group to Release Third Quarter 2010 Results on November 2, 2010
AUSTIN, Texas, Oct 12, 2010 (BUSINESS WIRE) --Forestar Group Inc. (NYSE: FOR) will release its results for third quarter 2010 on November 2, after the market closes. The company will host a conference call on November 3, 2010 at 9:00 a.m. ET to discuss results of third quarter 2010. To access the conference call, listeners calling from North America should dial 1-866-271-5140 at least 15 minutes prior to the start of the call. Those wishing to access the c... 
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09/27/10Forestar Group to Present at JMP Securities Financial Services and Real Estate Conference
AUSTIN, Texas, Sep 27, 2010 (BUSINESS WIRE) --Forestar Group Inc. (NYSE: FOR) today announced that Jim DeCosmo, president and chief executive officer, will be presenting at the JMP Securities Financial Services and Real Estate Conference in New York City on Wednesday September 29, 2010 at 3:00 pm EDT. The live presentation may be accessed through Forestar Group's Internet site, www.forestargroup.com, by clicking on "Investor Relations - Investor Event... 
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08/03/10Forestar Group Inc. Reports Second Quarter 2010 Results
AUSTIN, Texas, Aug 03, 2010 (BUSINESS WIRE) --Forestar Group Inc. (NYSE: FOR) today reported a second quarter 2010 net loss of approximately ($3.3) million, or ($0.09) per basic share, compared with second quarter 2009 net income of $50.9 million, or $1.41 per diluted share outstanding. Second quarter 2009 results include a gain of $1.37 per diluted share, after-tax, from the sale of about 75,000 acres of timberland in Georgia and Alabama for approximately... 
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07/15/10Forestar Group to Release Second Quarter 2010 Results on August 3, 2010
AUSTIN, Texas, Jul 15, 2010 (BUSINESS WIRE) --Forestar Group Inc. (NYSE: FOR) will release its results for second quarter 2010 on August 3, after the market closes. The company will host a conference call on August 4, 2010 at 10:00 a.m. ET to discuss results of second quarter 2010. To access the conference call, listeners calling from North America should dial 1-866-730-5769 at least 15 minutes prior to the start of the call. Those wishing to access the ca... 
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05/06/10Forestar Group Inc. Reports First Quarter 2010 Results
AUSTIN, Texas, May 06, 2010 (BUSINESS WIRE) --Forestar Group Inc. (NYSE: FOR) today reported a first quarter 2010 net loss of approximately ($3.0) million, or ($0.08) per basic share, compared with a first quarter 2009 net loss of ($3.9) million, or ($0.11) per basic share outstanding. "Our first quarter results reflect current market conditions for our business," said Jim DeCosmo, president and chief executive officer of Forestar Group. "Although we are encouraged many elements of the economy... 
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04/22/10Forestar Group to Release First Quarter 2010 Results on May 6, 2010
AUSTIN, Texas, Apr 22, 2010 (BUSINESS WIRE) --Forestar Group Inc. (NYSE: FOR) will release its results for first quarter 2010 on May 6, after the market closes. The company will host a conference call on May 7, 2010 at 10:00 a.m. ET to discuss results of first quarter 2010. To access the conference call, listeners calling from North America should dial 1-866-788-0545 at least 15 minutes prior to the start of the call. Those wishing to access the call from ou... 
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03/12/10Forestar Group Inc. to Host Investor Meeting
AUSTIN, Texas, Mar 12, 2010 (BUSINESS WIRE) -- Forestar Group Inc. announced today that it will host an investor meeting at 8:00 a.m. CDT on Friday, April 16, 2010 at the JW Marriott San Antonio Hill Country Resort & Spa in San Antonio, Texas. The meeting will include a formal presentation and a tour of real estate assets in the San Antonio market. Jim DeCosmo, president and chief executive officer, and other members of the senior management team will participate in the meeting. Details for ... 
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02/03/10Forestar Group Inc. Reports Full Year and Fourth Quarter 2009 Results
AUSTIN, Texas, Feb 03, 2010 (BUSINESS WIRE) -- Forestar Group Inc. (NYSE: FOR) today reported full year 2009 net income of $59.1 million, or $1.64 per diluted share, compared with full year 2008 net income of $12.0 million, or $0.33 per diluted share. Full year 2009 results include the sale of about 95,000 acres of timberland for approximately $160 million. The company reported a fourth quarter 2009 net loss of ($7.4) million, or ($0.20) per diluted share, compared with net income of $1.7 millio... 
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01/19/10Forestar Group Changes Time for Fourth Quarter and Full Year 2009 Earnings Conference Call
AUSTIN, Texas, Jan 19, 2010 (BUSINESS WIRE) -- Forestar Group Inc. (NYSE: FOR) will, as previously announced, release its results for fourth quarter and full year 2009 on February 3, before the market opens. The company will now host a conference call on February 3, 2010 at 9:00 a.m. ET to discuss results of fourth quarter and full year 2009. To access the conference call, listeners calling from North America should dial 1-866-277-1181 at least 15 minutes prior to the start of the call. Thos... 
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01/13/10Forestar Group to Release Fourth Quarter and Full Year 2009 Results on February 3, 2010
AUSTIN, Texas, Jan 13, 2010 (BUSINESS WIRE) -- Forestar Group Inc. (NYSE: FOR) will release its results for fourth quarter and full year 2009 on February 3, before the market opens. The company will host a conference call on February 3, 2010 at 10:00 a.m. ET to discuss results of fourth quarter and full year 2009. To access the conference call, listeners calling from North America should dial 1-866-277-1181 at least 15 minutes prior to the start of the call. T... 
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12/04/09Forestar Group to Present at Bank of America Merrill Lynch 2009 Basic Industries Conference
AUSTIN, Texas--(BUSINESS WIRE)--Dec. 4, 2009-- Forestar Group Inc. (NYSE: FOR) today announced that Jim DeCosmo, president and chief executive officer, will be presenting at the Bank of America Merrill Lynch Global Industries Conference in New York City on Tuesday December 8, 2009 at 2:30 pm EST. The live presentation may be accessed through Forestar Group’s Internet site, www.forestargroup.com, by clicking on "Investor Relations... 
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11/04/09Forestar Group Inc. Reports Third Quarter 2009 Results
AUSTIN, Texas--(BUSINESS WIRE)--Nov. 4, 2009-- Forestar Group Inc. (NYSE: FOR) today reported third quarter 2009 net income of $19.5 million, or $0.54 per diluted share, compared with third quarter 2008 net income of $0.9 million, or $0.02 per diluted share. Third quarter 2009 results include a gain of $0.45 per diluted share, after-tax, from the sale of about 20,000 acres of HBU timberland for approximately $39.5 million. “We ... 
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10/08/09Forestar Group to Release Third Quarter 2009 Results on November 4, 2009
AUSTIN, Texas--(BUSINESS WIRE)--Oct. 8, 2009-- Forestar Group Inc. (NYSE: FOR) will release its results for third quarter 2009 on November 4, before the market opens. The company will host a conference call on November 4, 2009 at 10:00 a.m. ET to discuss results of third quarter 2009. To access the conference call, listeners calling from North America should dial 1-800-573-4842 at least 15 minutes prior to the start of the ... 
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09/25/09Forestar Group Inc. Names Phil Weber Executive Vice President - Real Estate
AUSTIN, Texas--(BUSINESS WIRE)--Sep. 25, 2009-- Forestar Group Inc. (NYSE: FOR) today announced that Phil Weber has joined the company as Executive Vice President - Real Estate. In this position, he will be responsible for identifying and developing business opportunities, including capitalizing on Forestar’s existing multifamily real estate projects and assets. Mr. Weber will be focused on maximizing long-term real estate values and generating... 
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08/05/09Forestar Announces Additional Disclosures Related to Oil and Gas Mineral Interests
AUSTIN, Texas--(BUSINESS WIRE)--Aug. 5, 2009-- Pursuant to previously announced strategic initiatives, Forestar Group Inc. (NYSE:FOR) today announced additional transparency and disclosures related to its oil and gas mineral interests. Overview Forestar’s mineral resources strategy is to realize the value of its mineral assets principally by maximizing lease revenues and royalty interests. Forestar ow... 
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08/05/09Forestar Group Inc. Reports Second Quarter 2009 Results
AUSTIN, Texas--(BUSINESS WIRE)--Aug. 5, 2009-- Forestar Group Inc. (NYSE: FOR) today reported second quarter 2009 net income of $50.9 million, or $1.41 per diluted share, compared with second quarter 2008 net income of $9.6 million, or $0.27 per diluted share outstanding. Second quarter 2009 results include a gain of $1.37 per diluted share, after-tax, from the sale of about 75,000 acres of timberland to Hancock Timber Resource Group for approximatel... 
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08/04/09Forestar Completes Sale of 20,000 acres of HBU Timberland for $39.5 Million
AUSTIN, Texas--(BUSINESS WIRE)--Aug. 4, 2009-- Forestar Group Inc. (NYSE: FOR) today announced that it completed its previously announced sale of about 20,000 acres of HBU timberland in Georgia for approximately $39.5 million to St. Regis Paper Company, LLC, assignee of Holland M. Ware. The company intends to use proceeds from this sale to reduce debt in accordance with its strategic initiatives announced on February 11, 2009. “... 
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07/08/09Forestar Group to Release Second Quarter 2009 Results on August 5, 2009
AUSTIN, Texas--(BUSINESS WIRE)--Jul. 8, 2009-- Forestar Group Inc. (NYSE: FOR) will release its results for second quarter 2009 on August 5, before the market opens. The company will host a conference call on August 5, 2009 at 10:00 a.m. ET to discuss results of second quarter 2009. To access the conference call, listeners calling from North America should dial 1-866-383-7989 at least 15 minutes prior to the start of the call. ... 
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06/29/09Forestar Announces Sale of 20,000 Acres of HBU Timberland for $39.5 Million
AUSTIN, Texas--(BUSINESS WIRE)--Jun. 29, 2009-- Pursuant to previously announced strategic initiatives, Forestar Group Inc. (NYSE: FOR) today announced that it entered into a definitive agreement with Holland M. Ware, to sell approximately 20,000 acres of HBU timberland in Georgia for approximately $39.5 million in a cash transaction. The transaction is expected to close third quarter 2009. The company intends to use proceeds from th... 
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06/16/09Forestar Completes Sale to Hancock Timber Resource Group
AUSTIN, Texas--(BUSINESS WIRE)--Jun. 16, 2009-- Forestar Group Inc. (NYSE: FOR) today announced that it completed its previously announced sale of approximately 75,000 acres of timberland in Georgia and Alabama for $120 million to Hancock Timber Resource Group, which is acquiring the timberland on behalf of its investors. The company intends to use proceeds from this sale to reduce debt in accordance with its strategic initiatives announced on Februa... 
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05/06/09Forestar Group Inc. Reports First Quarter 2009 Results
AUSTIN, Texas, May 06, 2009 (BUSINESS WIRE) -- Forestar Group Inc. (NYSE: FOR) today reported first quarter 2009 net loss of ($3.9) million, or ($0.11) per basic share, compared with first quarter 2008 net loss of ($0.2) million, or ($0.01) per basic share outstanding. First quarter 2009 results include approximately $3.2 million paid to outside advisors regarding an evaluation by our Board of Directors of an unsolicited shareholder proposal. "Market cond... 
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05/04/09Forestar Announces Sale to Hancock Timber Resource Group
AUSTIN, Texas--(BUSINESS WIRE)--May. 4, 2009-- Pursuant to previously announced strategic initiatives, Forestar Group Inc. (NYSE: FOR) today announced that it entered into a definitive agreement with Hancock Timber Resource Group, acting on behalf of its investor clients, to sell approximately 75,000 acres of timberland in Georgia and Alabama for $120 million in a cash transaction. The transaction is expected to close second quarter 2009. The... 
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04/20/09Forestar Group to Release First Quarter 2009 Results on May 6, 2009
AUSTIN, Texas--(BUSINESS WIRE)--Apr. 20, 2009-- Forestar Group Inc. (NYSE: FOR) will release its results for first quarter 2009 on May 6, before the market opens. The company will host a conference call on May 6, 2009 at 10:00 a.m. ET to discuss results of first quarter 2009. To access the conference call, listeners calling from North America should dial 1-866-730-5762 at least 15 minutes prior to the start of the call. Tho... 
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02/11/09Forestar's Board of Directors Announces Strategic Initiatives to Enhance Shareholder Value and Unanimously Rejects Unsolicited Proposal from Holland Ware
AUSTIN, Texas--(BUSINESS WIRE)--Forestar Group Inc. (NYSE: FOR - News ) today announced the following strategic initiatives to enhance shareholder value: Generate significant cash flow, principally from the sale of approximately 175,000 acres of HBU timberland Reduce debt by approximately $150 million, and Repurchase up to 20% of the company's outstanding shares As a part of the plan, the Board of Directors authorized repurchase of up to 7 million shares of common stock, which re... 
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01/22/09Forestar Receives Unsolicited Letter from Holland Ware
AUSTIN, Texas--(BUSINESS WIRE)--Forestar Group Inc. (NYSE: FOR - News ) today said it had received an unsolicited letter from Holland M. Ware in which he stated that he is prepared to make a cash tender offer for any and all shares at $15 per share, under certain conditions, including support of the Board of Directors for the tender offer and mutual agreement on related matters such as board representation and waiver of the Company's Rights Agreement The company's Board of Directors will cons... 
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12/22/08Forestar Re-Affirms Strategy To Enhance Long-Term Shareholder Value
AUSTIN, TEXAS, December 22, 2008—Forestar Group Inc. (NYSE: FOR) today announced that it had received a copy of a Schedule 13D that was filed Friday afternoon with the Securities and Exchange Commission by Holland M. Ware and his attorney, David C. Cook, in which they disclose ownership of approximately 2.5 million shares or 6.7% of the Company’s common stock. The filing indicates that they believe the Company’s stock is undervalued and either wish to acquire the Company or participate in some ... 
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11/05/08Forestar Real Estate Group Inc. Reports Third Quarter 2008 Results
AUSTIN, Texas--(BUSINESS WIRE)--Nov. 5, 2008--Forestar Real Estate Group Inc. (NYSE:FOR) today reported third quarter 2008 net income of $0.9 million, or $0.02 per diluted share, compared with third quarter 2007 net income of $9.6 million, or $0.27 per diluted share, and second quarter 2008 net income of $9.6 million, or $0.27 per diluted share outstanding. "Despite difficult market conditions, third quarter 2008 results reflect our low-cost operation and the benefit of our natu... 
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10/10/08Forestar Real Estate Group to Release Third Quarter 2008 Results on November 5, 2008
AUSTIN, Texas--(BUSINESS WIRE)-- Forestar Real Estate Group Inc. (NYSE: FOR) will release its results for third quarter 2008 on November 5, before the market opens. The company will host a conference call on November 5, 2008 at 10:00 a.m. ET to discuss results of third quarter 2008. To access the conference call, listeners calling from North America should dial 1-866-510-0711 at least 15 minutes prior to the start of the call. Those wishing to access the call from outsid... 
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08/06/08Forestar Real Estate Group Inc. Reports Second Quarter 2008 Results
AUSTIN, Texas--(BUSINESS WIRE)--Aug. 6, 2008--Forestar Real Estate Group Inc. (NYSE: FOR) today reported second quarter 2008 net income of $9.6 million, or $0.27 per diluted share, compared with second quarter 2007 net income of $14.4 million, or $0.41 per diluted share, and a first quarter 2008 net loss of ($0.2 million), or ($0.01) per basic share outstanding. Results for second quarter 2008 include a net after-tax charge of $2.3 million, or $0.06 per diluted share, principally rela... 
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07/28/08Forestar Real Estate Group Names Flavious Smith Executive Vice President - Minerals
AUSTIN, Texas, Jul 28, 2008 (BUSINESS WIRE) -- Forestar Real Estate Group Inc. (NYSE: FOR) today announced that Flavious Smith has joined the company as Executive Vice President - Minerals. In this position, he will be responsible for managing the company's 622,000 net mineral acres located in Texas, Louisiana, Alabama and Georgia. Prior to joining Forestar, Mr. Smith had been Division Land Manager for EOG Resources, Inc. in Fort Worth, Texas since 2005. Prior to joining EOG Resources, In... 
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07/09/08Forestar Real Estate Group to Release Second Quarter 2008 Results on August 6, 2008
AUSTIN, Texas--(BUSINESS WIRE)--July 9, 2008--Forestar Real Estate Group Inc. (NYSE: FOR) will release its results for second quarter 2008 on August 6, before the market opens. The company will host a conference call on August 6, 2008 at 10:00 a.m. ET to discuss results of second quarter 2008. To access the conference call, listeners calling from North America should dial 1-800-659-2037 at least 15 minutes prior to the start of the call. Those wishing to access the call from o... 
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05/13/08Forestar Real Estate Group Names Michael Quinley Executive Vice President, Leading Entitlement, Development and Investment Activities in Georgia
AUSTIN, Texas--(BUSINESS WIRE)--May 13, 2008--Forestar Real Estate Group Inc. (NYSE: FOR) today announced that Michael Quinley has joined the company as Executive Vice President - Development & Investments, East Region. In this position, he will lead Forestar's entitlement, development, and investment activities in the Eastern United States, including Georgia. Mr. Quinley has more than 25 years of prior real estate experience, including his most recent position as CEO of Patrick ... 
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05/07/08Forestar Real Estate Group Inc. Reports First Quarter 2008 Results
AUSTIN, Texas--(BUSINESS WIRE)--May 7, 2008--Forestar Real Estate Group Inc. (NYSE: FOR) today reported a first quarter 2008 net loss of ($0.2) million, or ($0.01) per basic share, compared with first quarter 2007 net income of $0.6 million, or $0.02 per diluted share outstanding. In first quarter 2008, we changed our reportable segments to reflect our post-spin management of the assets and liabilities transferred to us from Temple-Inland. All prior period segment information has... 
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04/08/08Forestar Real Estate Group to Release First Quarter 2008 Results on May 7, 2008
AUSTIN, Texas--(BUSINESS WIRE)--April 8, 2008--Forestar Real Estate Group Inc. (NYSE: FOR) will release its results for first quarter 2008 on May 7, before the market opens. The company will host a conference call on May 7, 2008 at 10:00 a.m. ET to discuss results of first quarter 2008. To access the conference call, listeners calling from North America should dial 1-800-638-5439 at least 15 minutes prior to the start of the call. Those wishing to access the call from outs... 
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04/02/08Forestar Real Estate Group Names Tavia McCuean Vice President, Leading Stewardship and Conservation Initiatives in Georgia
AUSTIN, Texas--(BUSINESS WIRE)--April 2, 2008--Forestar Real Estate Group Inc. (NYSE:FOR) today announced that Tavia McCuean, former head of The Nature Conservancy in Georgia, has joined Forestar Real Estate Group Inc. as Vice President. In this position, she will lead Forestar's stewardship and conservation initiatives statewide, as well as assist with community development standards and various government affairs. Ms. McCuean is the past Executive Director of The Nature Conserv... 
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02/14/08Michael E. Dougherty Elected to Forestar Real Estate Group Board
AUSTIN, Texas, Feb 14, 2008 (BUSINESS WIRE) -- Forestar Real Estate Group Inc. (NYSE: FOR) has announced the election of Michael E. Dougherty to the Company's Board of Directors. Michael E. Dougherty, 67, is the Founder and Chairman of Dougherty Financial Group LLC, which was formed in 1977. In addition, he controls and operates several asset management, securities and commercial lending businesses, including Dougherty Management Company, Inc., Segall Bryant & Hamill, The Clifton Group Inv... 
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02/06/08Forestar Real Estate Group Inc. Reports Fourth Quarter and Full Year 2007 Results
AUSTIN, Texas--(BUSINESS WIRE)--Feb. 6, 2008--Forestar Real Estate Group Inc. (NYSE: FOR) today reported essentially break-even results in fourth quarter 2007. Net income for full year 2007 was $24.8 million, or $0.69 per proforma diluted share. "The spin-off of Forestar Real Estate Group Inc. as an independent company from Temple-Inland Inc. was completed December 28, 2007," said Jim DeCosmo, president and chief executive officer of Forestar Real Estate Group. "Forestar is focuse... 
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01/14/08Forestar Real Estate Group to Release Fourth Quarter and Full Year 2007 Results on February 6, 2008
AUSTIN, Texas--(BUSINESS WIRE)--Jan. 14, 2008--Forestar Real Estate Group Inc. (NYSE: FOR) will release its results for fourth quarter and full year 2007 on February 6, before the market opens. The company will host a conference call on February 6, 2008 at 11:00 a.m. ET to discuss results of fourth quarter and full year 2007. To access the conference call, listeners calling from North America should dial 1-800-638-5439 at least 15 minutes prior to the start of the call. Those ... 
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01/03/08Forestar Real Estate Group Announces Venture with Jones Company
AUSTIN, Texas, Jan 03, 2008 (BUSINESS WIRE) -- Forestar Real Estate Group Inc. (NYSE:FOR) today announced it has entered into a joint venture with The Jones Company, Ltd. of Dallas, Georgia. The venture includes approximately 17,000 acres of land in Georgia owned by The Jones Company. This land is located principally in Paulding, Polk and Haralson Counties, and is subject to a long-term timber lease with Forestar Real Estate Group. Forestar is the venture's managing member with 58% owners... 
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01/03/08Forestar Real Estate Group Names Glenn Cornell Senior Vice President of Economic Development in Georgia
AUSTIN, Texas, Jan 03, 2008 (BUSINESS WIRE) -- Forestar Real Estate Group Inc. (NYSE:FOR) today announced that W. Glenn Cornell, former Commissioner of the Georgia Department of Economic Development, has joined Forestar Real Estate Group as its Senior Vice President of Economic Development in Georgia. In this position, he will direct Forestar's economic development initiatives statewide, as well as assist with various government affairs. Mr. Cornell is a past president of the Georgia Econo... 
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12/31/07Forestar Real Estate Group Spin-Off Completed
AUSTIN, Texas--(BUSINESS WIRE)--Dec. 31, 2007--Forestar Real Estate Group Inc. (NYSE:FOR) today announced the completion of its spin-off as an independent company from Temple-Inland Inc. Forestar will begin trading on the New York Stock Exchange today, trading under the symbol FOR. Forestar Real Estate Group is a growth company focused on maximizing long-term shareholder value through entitlement and development of real estate, realization of value from natural resources and acce... 
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12/14/07Forestar Real Estate Group Announces Completion of Credit Facilities
AUSTIN, Texas--(BUSINESS WIRE)--Dec. 14, 2007--Forestar Real Estate Group Inc. (NYSE:FOR) today announced that the company has obtained $440 million in senior credit facilities. The facilities consist of a $175 million term loan and a $265 million revolving credit facility. These facilities will mature in December 2010. A portion of these facilities will be used to repay a note payable to Temple-Inland prior to the previously announced spin-off from Temple-Inland on December 28, 2007.... 
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