TAYO Targets Bulk Real Estate Assets in West Texas Oil Country
July 07 2014 - 9:09AM
Business Wire
As Taylor Consulting, Inc. (OTCBB: TAYO) works to continue
building a strong portfolio of West Texas real estate, the company
is targeting bulk asset acquisitions near the region’s massive
Cline Shale formation.
The demand for real estate near the Cline Shale has increased
significantly in recent months as drilling and exploration in the
area draw thousands of new workers and residents to the region.
After previously contracting to acquire several assets in the area,
TAYO has set its sights on larger collections of multiple
properties that can be acquired in a single purchase.
“By acquiring bulk assets, we plan to build our West Texas
portfolio out more quickly at a better price,” said TAYO CEO Scott
Wheeler. “We’re specifically looking for foreclosed assets,
offering multiple different possible revenue streams.”
Through its real estate division, Third Avenue Development, LLC,
TAYO has signed contracts to acquire two previous West Texas
properties. 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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