TAYO: Buildings Rise, Unemployment Drops in Oil-Rich West Texas
August 21 2014 - 8:26AM
Business Wire
Growth and development in resource-rich West Texas continue at a
torrid pace as Taylor Consulting Inc. (OTCBB: TAYO) makes plans to
add to its portfolio of real estate assets in the region.
A horizontal drilling boom in West Texas’ Permian Basin has
created so many jobs that nearby cities have the lowest
unemployment rate in the state. According to the latest figures
from the Texas Workforce Commission, Odessa and Midland are once
again the two top Texas cities for low unemployment, with both
coming in under the state’s unemployment rate of 5.1 percent.
As new workers and residents flock to the region, a surge in
building has begun. The Odessa Economic Indicator states there have
recently been 28 new building permits for residential homes and 25
new building permits for commercial buildings in the city. 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.
TAYO is working to capitalize on the West Texas boom by
acquiring and developing distressed real estate assets for multiple
potential revenue streams. The company is building a strong
portfolio of real estate assets as the region continues to grow.
TAYO 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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