Forestar Group Acquisition of Land for Sunterra, Katy, TX

United States

Deal value: $67 Million

Forestar Group acquired 300 acres for the expansion of Sunterra, a top-selling master-planned community in Katy, TX, with plans for 1,000 additional homes and new community amenities.

The core motivation is to capitalize on sustained housing demand in the Katy, TX area, leveraging Sunterra’s status as a top-selling master-planned community. The acquisition enables Forestar Group to expand residential inventory, add 1,000 new homes, and enhance amenities, targeting both population growth and buyer preference for amenity-rich suburban living. The timing reflects confidence in continued migration to Houston suburbs and the proven absorption rates of Sunterra’s prior phases.