TAYO Seeks Out Investment Opportunities as Midland-Odessa Booms
June 05 2014 - 5:00AM
Business Wire
As West Texas’ Permian Basin region continues to experience
phenomenal growth and miniscule unemployment, Taylor Consulting,
Inc. (OTCBB: TAYO) is making plans to move forward with a number of
real estate acquisitions in the region.
Across Texas, drilling activity continues to attract new
residents and create jobs. The state’s population growth has
averaged 1.7 percent annually over the past three years, more than
double the national average. The Permian Basin, anchored by Midland
and Odessa, has several shale plays that will likely produce more
than 1.3 million barrels of oil per day by 2017, according to many
oil industry experts.
That projection has led to extraordinary population growth.
National Real Estate Investor reported this week that annual
effective-rent growth in the Midland-Odessa metro was 6.3 percent
during the first quarter of this year. The area’s 97.5 percent
occupancy rate is one of the highest in the country, while
first-quarter 2014 revenue growth of 5.4 percent also topped the
charts.
“Under such promising economic conditions, there are definitely
gains to be made in real estate,” said TAYO CEO Scott Wheeler.
“We’re evaluating properties now that we believe exhibit multiple
avenues for development.”
TAYO is currently conducting due diligence toward acquiring 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.
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.
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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