EX-21.1 2 a9302025ex211subsidiarylis.htm EX-21.1
Exhibit 21.1
FORESTAR GROUP INC.
Entity Schedule
as of 9/30/25

Legal Entity |  | Jurisdiction |  | % Ownership
Forestar (USA) Real Estate Group Inc. |  | Delaware |  | 100%
4S/RPG Land Company LP |  | Texas |  | 100%
Bentwater Links, LLC |  | Georgia |  | 100%
Chisholm Trail Tower LLC |  | Delaware |  | 100%
CL Texas I GP, L.L.C. |  | Georgia |  | 100%
CL/RPG Land Company, LP |  | Texas |  | 100%
FirstLand Investment Corporation |  | Texas |  | 100%
FMF Development LLC |  | Delaware |  | 100%
FOR California Development LLC |  | Delaware |  | 100%
FOR Greenway Farms Utilities, LLC |  | Maryland |  | 100%
FOR Nevada Development LLC |  | Delaware |  | 100%
FOR NorCal Development LLC |  | Delaware |  | 100%
FOR NorVada Development LLC |  | Delaware |  | 100%
FOR Renn Quarter Utilities, LLC |  | Maryland |  | 100%
FOR Texas Utilities, LLC |  | Delaware |  | 100%
FOR Tuscarora Utilities, LLC |  | Maryland |  | 100%
FOR Woodyard Station Utilities, LLC |  | Maryland |  | 100%
FORCO Real Estate Inc. |  | Delaware |  | 100%
Forestar Real Estate Group Inc. |  | Delaware |  | 100%
Forestar Realty Inc. |  | Delaware |  | 100%
GBF/LIC 288, Ltd. |  | Texas |  | 100%
Hickory Hill Development, LP |  | Texas |  | 100%
HOA Management, LLC |  | Delaware |  | 100%
SWR Holdings LLC |  | Delaware |  | 100%
TEMCO Associates, LLC |  | Georgia |  | 100%
The Club at Ocala Preserve LLC |  | Delaware |  | 100%
LM Development, LP |  | Texas |  | 99%
Timber Creek Properties LLC |  | Delaware |  | 88%
LM Land Holdings, LP |  | Texas |  | 38%