TAYO Adds Second West Texas Property to Portfolio
June 24 2014 - 3:51AM
Business Wire
Taylor Consulting, Inc. (OTCBB: TAYO) continued to add to its
growing real estate portfolio this week when its real estate
division, Third Avenue Development, LLC, contracted a new property
in the booming region of West Texas.
The company signed a contract to purchase a one-acre frontage
lot on Interstate 20 between the West Texas population centers of
Abilene and Odessa. It will be the second property that Third
Avenue has acquired in the area as TAYO targets promising and
versatile real estate assets in one of the fastest-growing regions
in the country.
“We’ve been conducting extensive market research on the I-20
transit corridor, and this property perfectly fit the profile that
we’re looking for,” said TAYO CEO Scott Wheeler. “The freeway
frontage makes it well-suited to a wide variety of uses, allowing
us to pursue multiple potential revenue streams.”
TAYO continues to conduct due diligence toward additional real
estate acquisitions in West Texas. Across the state, oil and gas
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.
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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