TAYO: Big Retailers Move In as West Texas Population Explodes
October 09 2014 - 5:00AM
Business Wire
Big retailers are moving into the oil boomtowns of West Texas, a
clear indication that demand for prime real estate is on the rise
in the markets where Taylor Consulting, Inc. (OTCBB:TAYO) is making
timely acquisitions.
This summer, the city council of Merkel, Texas, approved a
zoning change, clearing the way for a Walmart Express store. Merkel
is a small town—just over 2,600—but it’s near to Abilene, the
region’s largest economic center. With the West Texas oil boom
showing few signs of slowing down, Walmart clearly sees that the
perfect time to invest in the region is now. The retail giant will
open seven new stores around the area within the next two
years.
“Walmart is moving into this small town for the same reason that
we are,” said TAYO CEO Scott Wheeler. “It’s because the economic
potential of this town is bursting at the seams. West Texas is now
at the heart of the nation’s hottest industry, and small towns like
Merkel are growing and changing very rapidly.
Historic oil production is keeping residents and capital gushing
into region, and now major retail chains are discovering what TAYO
already knows: West Texas is good for business.
Through its real estate division, Third Avenue Development, TAYO
has already acquired two prime properties in the town of Merkel: a
standard one-acre lot and a self-storage facility. Both are
examples of the kind of versatile properties that the company
continues to target in the region.
In recent days, TAYO announced that it has begun due diligence
toward acquisition of a new ten-acre property in the greater
Abilene region. The company has also targeted the acquisition of
large, bulk-lot properties and even a local real estate brokerage
as it moves aggressively to gain market share in the booming West
Texas region.
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 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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