TAYO: West Texas’ Rising Home Values Rank No. 1
July 30 2014 - 8:28AM
Business Wire
As Third Avenue Development, LLC, the real estate division of
Taylor Consulting, Inc. (OTCBB: TAYO), continues building a
portfolio of promising West Texas real estate assets, home values
in the region are breaking records. In the city of Midland, home
values grew by more than 23 percent year-over-year last month,
pushing the city’s median price to the No. 1 slot in Texas for the
second time this year.
According to the latest data from the Real Estate Center at
Texas A&M University, more than $70.8 million was spent or
financed on real estate purchases in Midland in June, about 50
percent more than in June 2013. The city set a new record for its
median home price last month, and the number of transactions surged
last month to the highest level in Midland’s recorded history as
the oil and gas industry attracts a flood of new workers,
businesses and families to the region.
Midland’s growth echoes a statewide trend. Home sales across
Texas were at their highest volume last month since 2006, and the
total value of home sales topped $7.4 billion—a new record.
Through Third Avenue Development, TAYO is building a strong
portfolio of West Texas real estate assets as new workers and
residents continue to pour into the region. The company has already
acquired multiple properties located on or near the Permian Basin
as well as executed a letter of intent to form a property
development joint venture with The Home Masters Inc.
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 a competitive 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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