TAYO Wins Bid to Acquire 64 Properties in West Texas
July 14 2014 - 7:08AM
Business Wire
Taylor Consulting, Inc. (OTCBB: TAYO) announced today that its
real estate division, Third Avenue Development, LLC, has won its
bid to acquire a large, bulk real estate purchase in the growth
market of West Texas.
The winning bid gives the company the right to acquire 64 lots
in Texas’ hottest oil and gas territory. The bulk of properties
covers approximately 16 acres of land ripe for redevelopment to
suit a variety of potential needs. TAYO has targeted the bulk
purchase because it fits the company’s criteria of distressed
assets available for discounted acquisition.
Additionally, TAYO expects to acquire any mineral rights
associated with the real estate, as well.
“This bulk purchase is an advantageous way to build up our
portfolio of West Texas real estate quickly at an affordable
price,” TAYO CEO Scott Wheeler said. “This is only the beginning.
Third Avenue Development will continue to seek out promising
investments in the region as the company works to capitalize on the
boom in real estate demand there.”
TAYO has placed a high priority on the acquisition of real
estate on or near West Texas’ massive Cline Shale formation, where
drilling and exploration are drawing thousands of new residents. In
Texas, 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 in emerging oil and gas regions. The company is focused on
acquiring and developing properties in the country's top-performing
markets in order to capitalize on rising demand for housing and
related infrastructure services.
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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