TAYO Builds Texas Real Estate Portfolio as Texas Becomes OPEC Alternative
July 03 2014 - 5:00AM
Business Wire
As Taylor Consulting, Inc. (OTCBB: TAYO) continues to build its
West Texas real estate portfolio, the region’s economy continues to
boom. Texas’ crude oil production has doubled over the past three
years to hit 3 million barrels a day according to the latest
figures—matching or exceeding some of OPEC’s biggest exporters.
With more and more drilling planned for West Texas’ massive
shale plays, Texas appears poised to soon overtake all but the
largest Middle Eastern petro-states. A little more than three
million barrels a day would make Texas OPEC’s second largest
producer, according to OPEC’s May 2014 oil market report.
The gains in Texas came from unconventional tight oil and shale
plays in the Eagle Ford, Western Gulf Basin and, especially, the
Permian Basin, regions where new drilling technologies have
developed quickly. With a new oil boom fully underway, thousands of
workers and businesses have flocked to Texas and its strong
economy, sparking high demand for housing and real estate.
Through its real estate division, Third Avenue Development, LLC,
TAYO has signed contracts to acquire two West Texas properties and
executed a letter of intent to form a property development joint
venture with The Home Masters Inc. TAYO continues to conduct due
diligence toward additional real estate acquisitions in the state,
where population growth has averaged 1.7 percent annually over the
past three years—more than double the national average.
TAYO recently created 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) and 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 future 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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