TAYO Initiates Due Diligence on West Texas Properties
May 15 2014 - 5:00AM
Business Wire
As Taylor Consulting, Inc. (OTCBB: TAYO) works to build a
portfolio of real estate assets in one of the country’s
fastest-growing regions, the company announced today that it
initiated due diligence this week toward the acquisition of
multiple properties in West Texas.
TAYO has aggressively targeted four 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 some 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, and TAYO is working to capitalize.
“Due diligence has commenced on both commercial properties and
raw land primed for development,” said Wheeler. “We expect to
announce our first acquisitions in this booming region very
soon.”
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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