TAYO Places Bid to Acquire Real Estate Brokerage in Nation’s Hottest Region
September 16 2014 - 5:00AM
Business Wire
Seeking to cut out the real estate middle man, Taylor
Consulting, Inc. (OTCBB:TAYO) placed a bid this week to acquire a
real estate brokerage in West Texas, one of the nation’s
fastest-growing regions.
If approved, the acquisition would allow TAYO and its real
estate division, Third Avenue Development, LLC, to conduct future
transactions using a Texas broker’s license, enable the company to
diversify its service offerings and increase its bottom line.
"This acquisition could open up a number of potentially
lucrative new avenues for us in one of the country’s hottest real
estate markets," said TAYO CEO Scott Wheeler. "We have been working
on an exclusive relationship with a licensed brokerage for some
time in order to more efficiently streamline our property
acquisitions in the region and provide us with a crucial point of
contact in the local marketplace."
West Texas’ Permian Basin region, anchored by Midland and
Odessa, has several shale plays that will likely produce more than
1.3 million barrels of oil per day by 2017, according to many oil
industry experts. As a result, Texas' population growth has
averaged 1.7 percent annually over the past three years, more than
double the national average.
TAYO has made buying and selling promising assets on or near the
state's shale oil and gas formations a priority since expanding
into the U.S. real estate market earlier this year. Through Third
Avenue Development, the company is committed to investing 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), 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 booming 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 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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