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Subsequent Events
3 Months Ended
Mar. 31, 2012
Subsequent Events [Abstract]  
Subsequent Events

Note 18—Subsequent Events

On April 20, 2012, Forestar/RPG Land Company LLC, a consolidated venture, sold approximately 800 acres near Dallas, Texas (Light Farms real estate project) for $56,000,000 total consideration. We received $25,000,000 in distributable cash from the venture, reduced our consolidated debt by approximately $31,000,000, and recognized a gain on sale of approximately $3,400,000.