TAYO CEO Outlines Year of Growth and Change in Open Letter to Investors
December 30 2014 - 8:50AM
Business Wire
Taylor Consulting, Inc. (OTCBB: TAYO) CEO Scott Wheeler
recounted the company’s momentous year in 2014 as well as its
ambitious plans for the future today in an open letter to the
company’s shareholders:
Dear shareholders,
Having acquired nearly 50 properties this year, 2014 will go in
the books as a grand one for Taylor Consulting (TAYO). This year
held many exciting changes and opportunities. Chief amongst them,
of course, was the company’s decision to expand our business model
from the sports consulting industry into an entirely new market:
real estate. In order to capitalize on the historic economic boom
generated in the U.S. by the growth of non-traditional oil and gas
drilling across the country, TAYO highly prioritized the
accumulation of new real estate assets in the nation’s hottest
markets for job creation and relocations. In 2014, that meant
building a strong and competitive portfolio in Texas, the epicenter
of the oil and gas boom and the driver of much of the nation’s
economic growth. In order to pursue this new opportunity for
expansion, TAYO created a new real estate division, Third Avenue
Development, LLC.
According to Zillow Real Estate Market Reports for the first
quarter of the year, the state’s four largest metros all
experienced peak home values in 2014. The explosive demand left the
supply of housing in Texas at its lowest level in nearly 20 years,
setting the stage for potentially huge profits to be made by
building, rehabilitating or upgrading existing single- and
multi-family properties for rent or resale.
Accordingly, Third Avenue Development has aggressively pursued
promising real estate assets in Texas this year. The company has
acquired a 50-unit storage complex and a one-acre Interstate
frontage lot in the small town of Merkel, where the region’s boom
has brought in a flood of new residents and businesses, including
big-box retailers. The real estate division also added 47
residential and commercial lots located in the nearby town of
Sweetwater, where development has been spurred on by a new railroad
logistics center and other projects.
Third Avenue Development also initiated two large purchases that
remain pending as 2014 draws to a close: a 10-acre tract in the
West Texas town of Tye, and a bulk lot purchase of residential and
commercial lots in Sweetwater. We plan to finalize these
significant acquisitions early in the coming year.
And that’s not all. Perhaps our company’s most important asset
purchase this year has been our acquisition of White Buffalo
Property Solutions, a full-service, licensed Texas Real Estate
Broker (LLC). White Buffalo has opened many new doors in our
mission to build a strong, competitive portfolio of assets in the
region, and will be crucial to our efforts in 2015 to expand into
red-hot Texas markets including Houston, Austin and Dallas—three
metros leading the U.S. economic recovery.
In the new year, the great (and growing) state of Texas will
continue to be an area of major focus for our company. A report
this year from the Texas Association of Realtors shows that Texas
continues to be a sought-after location for people moving from
other states. According to the report, based on U.S. Census data,
Texas gained more out-of-state residents than any other state in
2013, with 584,034 people moving here from out of state. Texas is
expected to have the nation’s fastest annual job growth rate at
2.7% over the next five years, according to data from Moody’s
Analytics. Third Avenue Development will remain dedicated to
accumulating high-potential assets in Texas and the nation’s other
hottest real estate markets.
As we continue on our path to success, I would like to
personally thank all of our investors for their support in 2014.
Thanks to you, we are now poised to enjoy our best year ever in
2015. We look forward to you being a big part of it.
Sincerely,
Scott Wheeler
About Taylor Consulting Inc.
Taylor Consulting, Inc. (TAYO) recently created Third Avenue
Development, LLC as a new division whose primary goal is 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), Essex Property Trust Inc. (NYSE:ESS) and
others.
Third Avenue Development, a premier hybrid real estate
investment and development company, is building an emerging
portfolio of real estate assets for investment, rehabilitation and
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. For more information,
visit www.ThirdAvenueDevelopment.com.
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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