TAYO: Oil & Gas Boomtowns Boost Real Estate Demand
April 24 2014 - 8:17AM
Business Wire
The massive “Shale Rush” ushered in by new oil and gas
production in Texas is creating real estate demand not only for
drilling and housing, but for retail, entertainment and other
amenities. Through its new real estate division—Third Avenue
Development, LLC—Taylor Consulting, Inc. (OTCBB: TAYO) is targeting
smart acquisitions in the state’s hottest markets in order to
capitalize.
Oil towns in West Texas such as Midland and Odessa are leading
the nation in population growth spurred on by the extraction of oil
and gas in areas once believed to be undrillable. An explosion in
workers moving in to recover these resources has led to serious
housing shortages, spiking demand for distressed and rehabilitated
properties in the region.
But the energy industry isn’t the only one seeking out
affordable real estate in the boomtowns. Big-box retailers, movie
theaters, restaurants, grocers and other businesses primed to serve
the growing population are also looking for suitable locations.
“The demand for commercial real estate in Texas is increasing
sharply, just as it is for residential properties,” said TAYO CEO
Scott Wheeler. “Retail outposts in the Permian region are
outperforming the rest of the national store base, luring more
businesses to the area.
“Anywhere you have a massive influx of workers, a building boom
is sure to follow,” he added.
In addition to its sports consulting business, TAYO created
Third Avenue Development, LLC, to invest in promising real estate
assets to compete alongside American Homes 4 Rent (NYSE: AMH),
Silver Bay Realty Trust Corp. (NYSE: SBY), Equity Residential
(NYSE: EQR), Essex Property Trust Inc. (NYSE: ESS) and more.
TAYO plans to grow its national brand by building up its
portfolio of assets in Texas, first, acquiring properties with high
potential and applying multiple marketing strategies.
For more information on Third Avenue Development, please
visit www.ThirdAvenueDevelopment.com.
About Third Avenue Development, LLC
A division of Taylor Consulting, Inc. (TAYO), Third Avenue
Development, LLC, is building an emerging portfolio of real estate
assets for rehabilitation and rent or resale. The company is
focused on acquiring properties in the country’s top-performing
housing markets in order to capitalize on the continued recovery
and growth of the U.S. real estate marketplace.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This news release contains forward-looking
information within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, including statements that include the words
“believes,” “expects,” “anticipate” or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the Company to differ materially
from those expressed or implied by such forward-looking statements.
In addition, description of anyone’s past success, either financial
or strategic, is no guarantee of success. This news release speaks
as of the date first set forth above and the Company assumes no
responsibility to update the information included herein for events
occurring after the date hereof.
Taylor Consulting, Inc.Scott Wheeler, 713-840-6099President and
CEOinfo@tadcorp.com
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