Exhibit 21

FORESTAR GROUP INC.

SUBSIDIARIES

Subsidiary Name	Jurisdiction	Ownership
Forestar (USA) Real Estate Group Inc.	Delaware		100.0	%
242, LLC	Texas		50.0	%
4S/RPG Land Company, L.P.	Texas		55.0	%
Arrowhead Ranch Utility Company LLC	Texas		100.0	%
Azalea/Lantana, L.P.	Texas		55.0	%
Bandera/Lantana, L.P.	Texas		55.0	%
Bellaire/Lantana, L.P.	Texas		55.0	%
Blackberry Island, LP	Texas		75.0	%
Brazos/Lantana, L.P.	Texas		55.0	%
CL/RPG Land Company, L.P.	Texas		55.0	%
CL Realty, L.L.C.	Delaware		50.0	%
Carlisle/Lantana II, L.P.	Texas		55.0	%
Chandler Road Properties, L.P.	Texas		50.0	%
Dalmac-Shelton Fannin Farms, LTD	Texas		50.0	%
Double Horn Water Supply Corporation, Inc.	Texas		100.0	%
FirstLand Investment Corporation	Texas		100.0	%
Forestar/Fortuna Land Company, LLC	Delaware		60.0	%
Forestar Hotel Holding Company Inc.	Nevada		100.0	%
Capitol of Texas Insurance Group Inc	Delaware		100.0	%
Top of Westgate, Inc.	Texas		100.0	%
CCA Hospitality, Inc.	Texas		100.0	%
Forestar Minerals LLC	Delaware		100.0	%
Forestar Oil & Gas LLC	Delaware		100.0	%
Forestar/RPG Land Company LLC	Texas		65.0	%
Forestar Realty Inc.	Delaware		100.0	%
TEMCO Associates, LLC	Georgia		50.0	%
GBF/LIC 288, Ltd.	Texas		75.0	%
Gulf Coast-Stonehill, LLC	Delaware		80.0	%
HM Dominion Ridge, Ltd.	Texas		50.0	%
HM Pfluger, LTD	Texas		50.0	%
Harbor Lakes Golf Club LLC	Delaware		100.0	%
Harbor Lakes Club Management LLC	Delaware		100.0	%
Ironstob, LLC	Georgia		57.9	%
Isabel/Lantana, L.P.	Texas		55.0	%
Johnstown Farms, LLC	Delaware		100.0	%
Keller 107, Ltd.	Texas		52.0	%
LIC Ventures, Inc.	Delaware		100.0	%
Hickory Hill Development, L.P.	Texas		50.0	%
Laurel Development II, L.P.	Texas		45.0	%
Magnolia/Lantana III, L.P.	Texas		55.0	%
Madison/Lantana, L.P.	Texas		55.0	%

Subsidiary Name	Jurisdiction	Ownership
Magnolia/Lantana IV, L.P.	Texas		55.0	%
Olympia Joint Venture	Texas		50.0	%
Palisades West LLC	Taxas		25.0	%
Preserve at Mustang Island LLC, (The)	Texas		90.0	%
Presidio at Judge’s Hill, LP	Texas		60.0	%
Round Rock Luxury Apartments Ltd.	Texas		49.3	%
Sabine Real Estate Company	Delaware		100.0	%
San Jacinto I LLC	Delaware		100.0	%
Stoney Creek Properties LLC	Delaware		55.0	%
Timber Creek Properties LLC	Delaware		88.0	%
Wimberly/Lantana L.P.	Texas		55.0	%