Forestar Group is a residential lot development company. Co. manages its operations through its real estate reporting segment. The majority of Co.'s real estate projects are single-family residential communities. Co. acquires land for use in its development operations. Co.'s land development work is performed by subcontractors. Co. monitors land development activities, participates in main decisions, coordinates the activities of subcontractors and suppliers, reviews the work of subcontractors and monitors compliance with building codes or other regulations. Co. also makes short term investments in finished lots and undeveloped land with the intent to sell these assets within a time period.