Caracol Offers Sport Fishing at its Finest

HOUSTON, TX (April 23, 2008) – Bounded by the Intracoastal Waterway, Caracol, a premier master-planned community located along the Texas coast in Port O’Connor, is ideally positioned to cater to the avid fisherman. The community’s prime location on the Intracoastal Waterway allows fisherman access to rich, deep-sea waters within minutes, a unique advantage when fishing along the Texas coast.

Caracol’s canal-front home sites allow residents easy access to the Gulf of Mexico and multiple bays and can accommodate large offshore boats. Caracol residents also have the convenience of tying off their boats right outside their homes.

“We designed Caracol with the deep-sea fisherman in mind,” said Rob Fondren of Trend Development, Inc. “Our close proximity to deep waters make Caracol a highly-desirable location for the serious fisherman.”

Caracol is located in a historic area known for its inshore and offshore fishing. The waters just off the shores of Port O’Connor are teeming with red snapper, king, ling, tarpon and jack fish. And further offshore, the deep water abounds with sailfish, tuna, dolphin, wahoo, and the much sought-after blue marlin.

As a result of its reputation for world-class fishing, Port O’Connor is home to the Poco Bueno fishing tournament, the number one offshore fishing tournament in Texas. Each July Port O’Connor is flooded with hundreds of fisherman who participate in the competition.

About Caracol
Caracol is a premier, master-planned community located in Port O’Connor, Texas. Upon its completion, the canal community will feature 74 home sites that range in lot widths from 40 ft. to more than 100 ft. Prices begin in the $100,000s. Plans for a second phase of Caracol feature a mid-rise condo community situated on a marina.
Caracol is a joint development by Trend Development, Inc. and Forestar Real Estate Group. For more information about Caracol visit www.caracolcoastal.com.

About Trend Development, Inc.
Trend Development, Inc. is a small, privately held, Texas real estate development group, with multiple large-scale projects in Texas in various stages of development and construction, including the master-planned communities of Gleannloch Farms and Long Meadow Farms.

About Forestar Real Estate Group
Forestar Real Estate Group Inc. (NYSE: FOR) operates in two business segments: real estate and natural resources. The real estate segment owns directly or through ventures about 373,000 acres of real estate located in ten states and thirteen markets in the U.S. The natural resources segment manages about 622,000 net acres of oil and gas mineral interests, sells wood fiber from its land primarily located in Georgia, and leases land for recreational uses. Forestar’s address on the World Wide Web is www.forestargroup.com

* High-res renderings available upon request.

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