TAYO Expands Real Estate Exploration as Texas Oil Production Soars
June 16 2014 - 5:00AM
Business Wire
As Taylor Consulting, Inc. (OTCBB: TAYO) continues its due
diligence on a number of real estate acquisitions in West Texas,
the region’s growth shows no signs of slowing down anytime soon.
Some industry experts predict that the Permian Basin could produce
as many as 3.5 million barrels of oil a day within the next
decade.
Thanks to thousands of new wells being drilled in the Permian
Basin and elsewhere, Texas is poised to shatter its all-time oil
production record in 2014. Last month, the Dallas Business Journal
reported that oil production topped 120.7 million barrels in
January and February, up nearly 10 million barrels from the same
period in 2013. Texas produced 34 percent of the crude oil in the
U.S. last year. And many experts say that the Permian is only
getting warmed up.
The surge in production has led to a massive influx of workers
and residents to West Texas requiring everything from temporary
housing to permanent residences, new businesses, recreation
amenities and more. The continuing growth is sending 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.
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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