TAYO Accelerates Acquisition Strategy
August 04 2014 - 8:24AM
Business Wire
Third Avenue Development, LLC, the real estate division of
Taylor Consulting, Inc. (OTCBB: TAYO), continues its work building
a highly competitive portfolio of assets. The company announced
today that it will begin due diligence toward another major
acquisition in West Texas.
Third Avenue Development has targeted a new multi-lot real
estate parcel for potential purchase in the booming corridor
between Abilene and Midland, Texas. A huge influx of workers and
residents drawn by the booming oil and gas industry in West Texas
has made the region one of the hottest real estate markets in the
country. Last month in Midland, home values grew by more than 23
percent year-over-year, pushing the city’s median price to the No.
1 slot in Texas for the second time this year.
The multi-lot purchase that TAYO will consider meets the
company’s criteria of covering numerous acres of usable land ripe
for redevelopment to suit a variety of potential needs. TAYO CEO
Scott Wheeler says that the company is targeting distressed assets
that can potentially be acquired at a discount.
“Purchasing lots in bulk gives us more development options at a
more affordable price,” Wheeler said. “We’re looking to build up a
significant portfolio in this market very quickly.”
TAYO won its first bid to acquire 64 West Texas properties last
month.
TAYO 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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