TAYO Explores Possible Joint Ventures in Retail Real Estate
May 27 2014 - 5:00AM
Business Wire
Following up leads developed at this month’s ICSC RECon Las
Vegas, the nation’s largest retail real estate convention, Taylor
Consulting, Inc. (OTCBB: TAYO) is exploring the formation of new
joint ventures to invest in commercial and retail real estate in
some of the country’s fastest-growing municipalities.
RECon is a global convention for the shopping center industry,
providing networking, deal-making and educational opportunities for
retail real estate professionals from around the world. With over
32,000 attendees and 1,000 exhibitors, the convention provided an
ideal opportunity for TAYO to make valuable new industry contacts
as the sports consulting business works to transition into the U.S.
real estate market.
The company is aggressively targeting raw land and distressed
properties in hot markets, especially regions such as West Texas
where oil and gas development is fueling rapid growth.
“Retail follows rooftops,” said TAYO CEO Scott Wheeler. “A big
influx of workers in Texas’ Permian Basin region is going to draw a
big influx of retailers and suppliers. We’re working fast to
position our company to capitalize on that spiraling growth.”
As TAYO seeks to build a strong portfolio of promising assets in
the area, the company’s leadership is following up on the possible
formation of joint ventures to make potentially large, premium
purchases of commercial land near the biggest hotspots.
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
Taylor Consulting (CE) (USOTC:TAYO)
Historical Stock Chart
From Jul 2024 to Aug 2024
Taylor Consulting (CE) (USOTC:TAYO)
Historical Stock Chart
From Aug 2023 to Aug 2024