Exhibit 21.1

FORESTAR GROUP INC.

SUBSIDIARIES

Legal Entity	Jurisdiction	% Ownership
Forestar (USA) Real Estate Group Inc.	Delaware	100%
4S/RPG Land Company LP	Texas	100%
CL Realty, LLC	Delaware	50%
CL Texas I GP, L.L.C.	Georgia	100%
CL/RPG Land Company, LP	Texas	100%
CREA FMF Nashville LLC	Delaware	30%
FirstLand Investment Corporation	Texas	100%
FMF Development LLC	Delaware	100%
Forestar Real Estate Group Inc.	Delaware	100%
Forestar Realty Inc.	Delaware	100%
Forestar Walker Drive, LLC	Delaware	100%
TEMCO Associates, LLC	Georgia	50%
FORCO Real Estate Inc.	Delaware	100%
Forestar/MWC WCF LLC	Delaware	90%
GBF/LIC 288, Ltd.	Texas	75%
Hickory Hill Development, LP	Texas	100%
LM Land Holdings, LP	Texas	38%
Mont 200 LLC	Texas	100%
SWR Holdings LLC	Delaware	100%
Sustainable Water Resources LLC	Texas	100%
Timber Creek Properties LLC	Delaware	88%