Forestar Group, Inc. is a residential and mixed-use real estate development company. It operates through the following segments: Real Estate, Mineral resources and Other Natural Resources. The Real Estate segment deals with the project planning and management activities related to the acquisition, entitlement, development, and sale of real estate. The Mineral resources segment focuses on exploration, development and production activities by increasing acreage leased, lease rates, and royalty interests. The Other Natural Resources segment includes the sale of wood fiber from portions of the company's land and lease land for recreational uses. The company was founded in December 2007 and is headquartered in Austin, TX.