TAYO: Oil and Gas Boom in West Texas Continues to Draw Workers, Residents
May 08 2014 - 5:00AM
Business Wire
As Taylor Consulting, Inc. (OTCBB: TAYO) continues to scout
promising real estate acquisitions in West Texas, the continuing
boom in oil and gas exploration in the area continues unabated,
drawing ever more new workers and residents to the region and
creating new demand for real estate.
The Cline Shale formation in the Permian Basin has generated the
most buzz by far. Some estimates put the formation’s total
recoverable reserves at 30 billion barrels, which would make the
Cline larger than the more famous Bakken and Eagle Ford formations
combined. In the past two weeks, exploration activity in the Cline
Shale region has added an additional seven drilling rigs on the
ground, bringing the total to over 251 active sites.
The continuing growth 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, it’s a unique opportunity. 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.
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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