The story
The company's origins date back to the 1955 incorporation of Lumbermen's Investment Corporation, which in 2006 changed its name to Forestar (USA) Real Estate Group Inc. The company has a long legacy of residential and commercial real estate development operations, primarily in Texas. In 1991, Forestar and Cousins Properties Incorporated formed Temco Associates, LLC as a venture to develop residential sites in Paulding County, Georgia, and in 2002 Forestar and Cousins formed CL Realty, L.L.C. as a venture to develop residential and mixed-use communities in Texas and across the southeastern U.S. Those ventures continue today. In 2001, Forestar opened an office in the Atlanta area to manage nearby land with a focus on its long-term real estate development potential. In 2006, Temple-Inland Inc. began reporting Forestar Real Estate Group as a separate business segment. On December 28, 2007, Temple-Inland distributed 100% of the issued and outstanding shares of Forestar's common stock to its shareholders. In September 2012, Forestar acquired CREDO Petroleum, an oil and gas exploration, development and production company with leasehold interests in over 135,000 net mineral acres.
In October 2017, Forestar became a majority-owned subsidiary of D.R. Horton, Inc. Immediately following the merger, D.R. Horton owned 75% of Forestar's outstanding common stock, and as of December 31, 2020, D.R. Horton owned 65% of Forestar's outstanding common stock. In connection with the merger, Forestar and D.R. Horton entered into certain agreements, including a Stockholders' Agreement, a Master Supply Agreement and a Shared Services Agreement.
From Wikipedia’s article on Forestar Group, shared under CC BY-SA 4.0.8