TAYO Scouts Hot Real Estate Opportunities Near Texas Oil & Gas Development
May 01 2014 - 5:00AM
Business Wire
The executive leadership of Taylor Consulting, Inc. (OTCBB:
TAYO) travels to West Texas this week to scout promising real
estate acquisitions in a region experiencing a huge economic and
population boom surrounding the production of shale oil and
gas.
TAYO’s new chief executive, Scott Wheeler, will be on hand to
consider a number of properties located on or near West Texas’
massive Cline Shale formation. Covering an area of over one million
acres , the Cline Shale could be the largest North American oil
play of all time, with experts predicting it could produce as many
as 30 billion barrels of oil.
Residents are flocking to the region thanks to new jobs created
by a rush of energy exploration and development made possible by
cutting-edge drilling techniques. The boom has drawn enough new
residents to the region to send home and rent prices surging in
many areas. For a company like TAYO working to break into the U.S.
real estate industry, that spells opportunity.
“We’ll be looking mainly for raw land and commercial properties
for development,” said Wheeler. “There is tremendous, rising demand
for commercial property, especially for trucking, as well as big
multifamily developments. There is a shortage of housing and
amenities in the region, and we plan to capitalize on the swelling
demand.”
In addition to its traditional sports consulting business, TAYO
recently created a new division—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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