Boardroom Alpha
10-K primary document
FOR · Annual Report (Form 10-K) · Filed November 19, 2025

Forestar Group Inc10-K exhibit

a9302025ex211subsidiarylis.htm
Document

Exhibit 21.1
FORESTAR GROUP INC.
Entity Schedule
as of 9/30/25
Legal EntityJurisdiction% Ownership
Forestar (USA) Real Estate Group Inc.Delaware100%
4S/RPG Land Company LPTexas100%
Bentwater Links, LLCGeorgia100%
Chisholm Trail Tower LLCDelaware100%
CL Texas I GP, L.L.C.Georgia100%
CL/RPG Land Company, LPTexas100%
FirstLand Investment CorporationTexas100%
FMF Development LLCDelaware100%
FOR California Development LLCDelaware100%
FOR Greenway Farms Utilities, LLCMaryland100%
FOR Nevada Development LLCDelaware100%
FOR NorCal Development LLCDelaware100%
FOR NorVada Development LLCDelaware100%
FOR Renn Quarter Utilities, LLCMaryland100%
FOR Texas Utilities, LLCDelaware100%
FOR Tuscarora Utilities, LLCMaryland100%
FOR Woodyard Station Utilities, LLCMaryland100%
FORCO Real Estate Inc.Delaware100%
Forestar Real Estate Group Inc.Delaware100%
Forestar Realty Inc.Delaware100%
GBF/LIC 288, Ltd.Texas100%
Hickory Hill Development, LPTexas100%
HOA Management, LLCDelaware100%
SWR Holdings LLCDelaware100%
TEMCO Associates, LLCGeorgia100%
The Club at Ocala Preserve LLCDelaware100%
LM Development, LPTexas99%
Timber Creek Properties LLCDelaware88%
LM Land Holdings, LPTexas38%

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