TAYO Completes Due Diligence on 10-Acre Property in West Texas as Oil and Gas Drilling Growth Continues
October 21 2014 - 5:00AM
Business Wire
Third Avenue Development Corp., the real estate division of
Taylor Consulting Inc. (OTCBB:TAYO), took a big step closer to
adding another large tract to its growing portfolio of West Texas
properties this week. The company announced today that it has
completed its due diligence toward the acquisition of 10 acres near
Abilene, one of the largest economic centers of the booming region
still humming with new oil and gas drilling and development.
The property is located in Tye, Texas, a small town in Taylor
County that is a part of the greater Abilene metro. TAYO has
targeted a number of properties in the area as the ongoing Cline
shale boom transforms the region with a surge in capital and
population.
TAYO is not alone in its interest in the region. In the town of
Merkel, which neighbors Tye, the city council recently approved a
zoning change clearing the way for a Walmart Express store. With
the West Texas oil boom showing few signs of slowing down, the
retail giant is seizing the perfect time to invest in the region.
Walmart will open seven new stores around the area within the next
two years.
“As the Abilene metro continues to grow rapidly, the property we
are working to acquire could be used for a big-box retailer, dining
and entertainment, much-needed housing or any number of purposes
that the market demands,” said TAYO CEO Scott Wheeler.
TAYO is conducting due diligence toward a number of real estate
acquisitions across the state, where population growth has averaged
1.7 percent annually over the past three years—more than double the
national average. 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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