The entitlement process includes obtaining zoning, other government approvals and access to water, sewer, roads and utilities.
Today, we have 23 projects in the entitlement process, representing approximately 31,000 acres across California, Georgia, and Texas. When investment in a development meets our return criteria, we will initiate the development process, with subsequent sale of lots to homebuilders or ventures with commercial developers.
Now more than ever, entitling and developing residential and commercial developments requires special care. That's why Forestar is committed to meeting community needs through thoughtful planning and balanced solutions for growth. Our experienced management team understands that no two communities are alike. Each new development must be designed to align with the community's shared values, needs and lifestyle requirements. This approach allows us to generate the greatest benefit from every acre of our land while creating significant value for shareholders and communities alike.