TAYO: Rise in Home Sales Lifts Wall Street
May 29 2014 - 5:00AM
Business Wire
As Taylor Consulting, Inc. (OTCBB: TAYO) continues working to
build its portfolio of promising real estate assets, U.S. stocks
rose on Friday after a better-than-expected reading on the housing
market.
U.S. home resales rose more than expected in April, and the
supply of properties on the market hit its highest level in nearly
two years: both hopeful signs for the housing market. Housing
starts exceeded most analysts’ forecasts, and building permits
climbed 8 percent to a 1.08 million annualized pace, a sign
activity could accelerate in coming months.
That’s all good news for TAYO as the consulting company expands
its business into the U.S. real estate market. To start, TAYO is
concentrating its efforts on building a strong portfolio of assets
in Texas, where a boom in oil and gas activity has helped lead some
of the most explosive population growth in the country. There,
strong demand for homes has kept both buyers and sellers in the
market.
The company is currently negotiating letters of intent to
purchase several properties in the state and maximize their revenue
potential.
“Housing is a strong economic driver in this region,” said TAYO
CEO Scott Wheeler. “We’re close to initiating several purchases
that we believe will position us strongly to capitalize on the
economic and population growth in Texas.”
Taylor Consulting, Inc., has formed a new division, Third Avenue
Development, LLC, to invest in potentially lucrative real estate
assets to compete in a brisk market alongside American Homes 4 Rent
(AMH), Silver Bay Realty Trust Corp. (SBY), Equity Residential
(EQR), Essex Property Trust Inc. (ESS) and more.
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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