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Gibson Dunn Leads $520M Real Estate Deal

June 6, 2017 Mark Curriden

© 2017 The Texas Lawbook.

By Natalie Posgate

(June 6) – Jeff Chapman and a group of other Dallas Gibson, Dunn & Crutcher put on their hard hats Monday to build a proposal by Fort Worth-based D.R. Horton, the No. 1 U.S. homebuilder, to purchase a majority stake in Forestar Group for $520 million.

Jeffrey Chapman
The nonbinding agreement entails D.R. Horton purchasing 75 percent of the outstanding shares of Forestar, an Austin-based residential and mixed-use real estate development company, for $16.25 per share.

Other Dallas attorneys on the Gibson Dunn deal team also included corporate associates Jonathan Whalen, Joseph Orien and Louis Matthews; benefits associate Krista Hanvey; tax partner David Sinak; and tax associate Michael Cannon.

Attorneys from the firm’s New York and Washington, D.C. offices were also involved.

Skadden Arps Slate Meagher & Flom is representing Forestar in the deal.

Moelis & Company is serving as D.R. Horton’s financial advisor, while JMP Securities is advising Forestar.

© 2017 The Texas Lawbook. Content of The Texas Lawbook is controlled and protected by specific licensing agreements with our subscribers and under federal copyright laws. Any distribution of this content without the consent of The Texas Lawbook is prohibited.

If you see any inaccuracy in any article in The Texas Lawbook, please contact us. Our goal is content that is 100% true and accurate. Thank you.

Mark Curriden

Mark Curriden is a lawyer/journalist and founder of The Texas Lawbook. In addition, he is a contributing legal correspondent for The Dallas Morning News.

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©2025 The Texas Lawbook.

Content of The Texas Lawbook is controlled and protected by specific licensing agreements with our subscribers and under federal copyright laws. Any distribution of this content without the consent of The Texas Lawbook is prohibited.

If you see any inaccuracy in any article in The Texas Lawbook, please contact us. Our goal is content that is 100% true and accurate. Thank you.

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