A legacy of quality, value and success

Forestar’s successful history of real estate investment and activity originated with Temple-Inland, through Lumbermen’s Investment Corporation, Temple-Inland Land and Timber, joint venture partnerships with Cousins Properties, and many valued strategic alliances with prominent regional developers.

Today, we are proud to be one of the largest publicly-traded real estate companies in the U.S. — creating developments that enhance the lives of community residents while creating significant value for our shareholders, partners and employees.

At Forestar we look with pride on our past and with anticipation towards an enduring future.

1955 The beginning of a legacy

Lumbermen's Investment Corporation (LIC) incorporates.

1964 First TLC high-rises go up

LIC's subsidiary, The Lumbermen's Company (TLC), approaches final construction stages of its impressive high-rise buildings: Westgate in Austin and Houston House in Houston. Another major investment is in progress: The “Greenway,” a 41-acre commercial subdivision in Houston.

1969 Sabine created to focus on new opportunities

Temple organizes Sabine Investment Company of Texas, Inc., to focus on land development opportunities. Sabine’s approximately 30,000 acre portfolio includes 10,000 acres of prime recreational lands; Completed projects include more than 1,100 home sites in 10 subdivisions on Lake Sam Rayburn and Toledo Bend Reservoir; and wholly-owned subsidiary Scotch Investment Company owns and operates such income-producing properties as the 260-room Emerald Cove Hotel in Corpus Christi, and its 19 acres of adjoining beachfront; a 114 unit hotel in Nacogdoches; a 116 unit garden apartment in Houston; and commercial property in San Antonio.

1972 Developments including Onion Creek add value to Austin area

Two joint venture agreements are formed to develop two tracts of land near Austin. The 1,700 acres will be subdivided into more than 4,000 residential lots and 80 acres of commercial property. The Onion Creek subdivision will include full recreational facilities centered around an 18-hole championship golf course.

1983 LIC developments attract major builders/developers

LIC is active in joint venture residential development in Austin, San Antonio, Houston and Beaumont, Texas. Developments in various stages of completion represent some 3,500 acres, with major developers and builders participating. Onion Creek is the locale for the annual nationally televised “Legends of Golf Tournament.”

1991 Temple and Cousins form partnership

Cousins Real Estate Corporation and Temple-Inland Realty, Inc. form Temco to develop residential sites in Georgia.

1992 Positive growth in commercial income properties

The Company owns 21 commercial income properties including two hotels, eight office buildings, five retail centers and six parcels of commercial land. The institutional quality hotels (totaling 648 rooms) and office buildings in Austin and Dallas are held for investment.

1995 Growth continues in Texas, Colorado and Florida

Land development projects include 19 residential subdivisions in Austin, Houston, San Antonio and Dallas, Texas, as well as Denver, Colorado and Tampa, Florida. Company-owned commercial properties include two hotels, two office buildings, two retail centers and four parcels of commercial land.

1997 LIC expands holdings, grows in Texas and beyond

LIC expands its holdings in Texas while diversifying into Colorado, Florida and California. LIC-owned Texas hotels include a 368-room Holiday Inn in Corpus Christi and a 280-room Radisson Hotel in Austin with plans to add 135 suites. 12 company-owned commercial properties include two hotels, two office buildings, a retail center, two business parks and five parcels of commercial land. The company is also a joint venture financial partner in six apartment projects.

1999 Land development enjoys cross-country growth

Projects include 38 residential subdivisions in Texas, California, Colorado, Florida, Georgia, Missouri, Tennessee and Utah. By year-end, land development inventory reaches 2,238 residential lots, 585 lots under development and 6,371 acres of land. 18 Lumbermen's owned commercial properties include two hotels, one retail center, two business parks, five parcels of commercial land and joint venture properties located in Texas, New Mexico, Florida and California.

2001 TILT focuses on high-value land

Real estate professionals are gathered to form Temple-Inland Land & Timber Inc. (TILT) in Atlanta, Georgia, to manage 160,000 acres of high-value land with a focus on its long-term potential.

2002 System identifies high-value potential, CL Realty formed

Temple-Inland forests are segmented into three categories: strategic (1.8 million acres), non-strategic (110,000 acres) and high-value (160,000 acres). A new system focuses on the long-term potential of substantial high-value land, primarily located around Atlanta, Georgia, and managed by TILT who creates value through sales to end users.

Real estate operations include residential subdivisions and multifamily housing developments, and the management and sale of income producing properties, principally located in Texas, Colorado, Florida, Tennessee, California and Missouri. In additional activity, Cousins and Temple-Inland form CL Realty to develop residential communities across the Southeast and Texas.

2005 Real estate to become core Company business

Temple-Inland announces that in 2006 real estate would become a core business and would be reported as a separate segment of Temple-Inland operations.

2006 Core real estate business introduced as Forestar

Temple-Inland launched Forestar Real Estate Group by combining the real estate operations of its Forest Products and Financial Services groups, with real estate activities now reported as a separate business segment.

2007 Forestar Launches as Public Company Traded on NYSE

Minerals transferred from Temple-Inland to Forestar. Forestar Real Estate Group spins-off from Temple-Inland and launches as one of the nation’s largest, publicly-traded real estate development companies. Forestar is added to the New York Stock Exchange under the ticker symbol "FOR."

2009 Forestar Announces Strategic Initiatives

Forestar announces several near-term strategic initiatives focused on enhancing shareholder value and positioning the company for future growth opportunities. These initiatives include generating significant cash flow principally from the sale of 175,000 acres of HBU timberland, reducing debt $150 million, enhancing transparency and disclosures related to our mineral assets, and improving cash flow by reducing investment in real estate development and lowering costs.