Consolidated Real Estate and Accumulated Description

12 Months Ended

Dec. 31, 2011

Consolidated Real Estate and Accumulated Description [Abstract]

Consolidated Real Estate and Accumulated Description

Forestar Group Inc.

Schedule III — Consolidated Real Estate and Accumulated Depreciation

Year-End 2011

(In thousands)



						Initial Cost to Company						Costs Capitalized Subsequent to Acquisition								Gross Amount Carried at End of Period
Description		Encumbrances				Land				Buildings & Improvements		Improvements less Cost of Sales and Other				Carrying Costs^(a)				Land & Land Improvements				Buildings & Improvements		Total				Accumulated Depreciation		Date of Construction				Date Acquired

Entitled, Developed, and Under Development Projects:
CALIFORNIA
*Contra Costa County*
San Joaquin River						$	12,225					$	(3,430	)						$	8,795					$	8,795
COLORADO
*Douglas County*
Pinery West							7,308						2,198								9,506						9,506						2006				2006
*Weld County*
Buffalo Highlands							3,001						582								3,583						3,583						2006				2005
Johnstown Farms							2,749						3,894			$	188				6,831						6,831						2002				2002
Stonebraker							3,878						(1,282	)							2,596						2,596						2005				2005
GEORGIA
Bartow County
Towne West							936						923								1,859						1,859
Euharlee North							269						138								407						407
Parkside at Woodbury							134						374								508						508
*Coweta County*
Cedar Creek Preserve							852						251								1,103						1,103
Corinth Landing							607						585								1,192						1,192
Coweta South Industrial Park							532						477								1,009						1,009
Fox Hall							166						2,239								2,405						2,405
Genesee							480						1,170								1,650						1,650
Dawson County, Georgia
Woodlands at Burt Creek							71						1,670								1,741						1,741
TEXAS
*Bastrop County*
Hunter’s Crossing							3,613						6,684				326				10,623						10,623						2001				2001
The Colony							8,726						13,339				161				22,226						22,226						1999				1999
*Bexar County*
Cibolo Canyons							25,569						53,377				1,485				80,431						80,431						2004				1986
*Calhoun County*
Caracol		$	7,367				8,603						4,026				2,047				14,676						14,676						2006				2006
Harbor Mist							2,822														2,822						2,822										2007
*Collin County*
Light Farms		$	30,818			$	30,102							$	21,300							$	51,402							$	51,402								2000				2007
Maxwell Creek							9,904								(56	)		$	629				10,477								10,477								2000				2000
The Gables at North Hill							2,160								(2,223	)			63				—								—								2004				2001
Timber Creek			3,431				7,282								2,971								10,253								10,253								2007				2007
*Comal County*
Oak Creek Estates							1,921								2,430				175				4,526								4,526								2006				2005
*Dallas County*
Stoney Creek							12,822								2,287								15,109								15,109								2007				2007
*Denton County*
Lantana			8,071				31,451								4,116								35,567								35,567								2000				1999
The Preserve at Pecan Creek							5,855								(1,324	)			366				4,897								4,897								2006				2005
*Harris County*
Barrington							8,950								(71	)							8,879								8,879												2011
City Park							3,946								(2,745	)			1,641				2,842								2,842								2002				2001
*Hays County*
Arrowhead Ranch							12,856								1,910								14,766								14,766												2007
Hood County
Harbor Lakes							3,514								390				311				4,215								4,215								2000				1998
*Nueces County*
Tortuga Dunes							12,080								10,893								22,973								22,973												2006
*Williamson County*
Westside at Buttercup Creek							13,148								(9,402	)			449				4,195								4,195								1993				1993
Chandler Road Properties							3,552								(2,822	)							730								730								2004				2004
La Conterra							4,023								2,816				293				7,132								7,132												2006
MISSOURI
*Clay County*
Somerbrook							3,061								(219	)			13				2,855								2,855								2003				2001
*Other*							18,054								(10,600	)			791				8,245								8,245

Total Entitled, Developed, and Under Development Projects		$	49,687			$	267,222			$	—			$	106,866			$	8,938			$	383,026			$	—			$	383,026			$	—


Undeveloped Land:
CALIFORNIA
Los Angeles County
Land In Entitlement Process				$	3,969					$	10,095					$	14,064					$	14,064								1997
GEORGIA
*Bartow County*
Undeveloped Land					4,397						87						4,484						4,484
Land In Entitlement Process
*Carroll County*
Undeveloped Land					6,651						132						6,783						6,783
Land In Entitlement Process					9,308						2,343						11,651						11,651
*Cherokee County*
Undeveloped Land					3,522						95						3,617						3,617
Land In Entitlement Process					2,412						563						2,975						2,975
Coweta County
Undeveloped Land					485						108						593						593
Land In Entitlement Process					2,793						572						3,365						3,365
*Dawson County*
Undeveloped Land					2,292						9						2,301						2,301
Land In Entitlement Process																	—						—
*Gilmer County*
Undeveloped Land					2,976						22						2,998						2,998
*Lumpkin County*
Undeveloped Land					3,117						4						3,121						3,121
*Paulding County*
Undeveloped Land					1,406						242						1,648						1,648
*Pickens County*
Undeveloped Land					2,409						29						2,438						2,438
TEXAS
*Harris County*
Land in Entitlement Process					685						891						1,576						1,576
*San Augustine County*
Undeveloped Land					1,610												1,610						1,610
*Other*
Undeveloped Land					11,154						3,946						15,100						15,100
Land in Entitlement Process							3,179								(1,427	)							1,752								1,752

Total Undeveloped Land		$	—			$	62,365			$	—			$	17,711			$	—			$	80,076			$	—			$	80,076			$	—


Income Producing Properties:
TEXAS
*Dallas County*
Undeveloped Multifamily site						$	2,266							$	1,507							$	3,773							$	3,773								2011				2011
*Harris County*
Broadstone Memorial		$	26,500				4,701			$	43,323				69								4,701			$	43,392				48,093			$	(1,435	)
*Travis County*
Radisson Hotel & Suites			15,400								16,316				29,164												45,480				45,480				(24,285	)
Promesa							2,872								10,215			$	342				13,429								13,429								2006				2006
Undeveloped Multifamily site							6,406								465								6,871								6,871								2011				2011
*Hood County*
Harbor Lakes Golf Club											1,446				1,601												3,047				3,047				(1,235	)			2000				1998
COLORADO
Arapahoe County
Undeveloped Multifamily site							7,309								1,218								8,527								8,527												2011

Total Income Producing Properties		$	41,900			$	23,554			$	61,085			$	44,239			$	342			$	37,301			$	91,919			$	129,220			$	(26,955	)

Total		$	91,587			$	353,141			$	61,085			$	168,816			$	9,280			$	500,403			$	91,919			$	592,322			$	(26,955	)

^(a)	We do not capitalize carrying costs until development begins.

Reconciliation of real estate:


		2011				2010				2009
		(In thousands)
Balance at beginning of year		$	585,090			$	567,229			$	633,130
Amounts capitalized			66,338				65,024				38,971
Amounts retired or adjusted			(59,106	)			(47,163	)			(104,872	)

Balance at close of period		$	592,322			$	585,090			$	567,229

Reconciliation of accumulated depreciation:


		2011				2010				2009
		(In thousands)
Balance at beginning of year		$	(23,438	)		$	(24,417	)		$	(22,544	)
Depreciation expense			(3,547	)			(2,582	)			(1,873	)
Amounts retired or adjusted			30				3,561				—

Balance at close of period		$	(26,955	)		$	(23,438	)		$	(24,417	)

The entire disclosure for real estate and accumulated depreciation. This may include a schedule that describes the property and lists the initial cost of land, buildings and improvements, improvements and carrying costs capitalized after acquisition, and the total carrying cost for land, buildings and improvements for each property and in aggregate. The schedule also lists the accumulated depreciation for each property and in aggregate, the date each property was constructed and acquired, the useful life used to calculate depreciation and any encumbrances on the properties. The entity provides a reconciliation of the carrying amount of real estate from the beginning of the period to the end of the period. Any real estate investments that have been written down or reserved against are described, including the basis of the write-down. A material amount of intercompany profit in the total carrying amount of real estate is disclosed. The aggregate cost of all real estate investments for federal income tax purposes is also disclosed.

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