TAYO Set to Realize Windfall as Union Pacific Options Sweetwater Property
February 09 2015 - 5:00AM
Business Wire
Taylor Consulting, Inc. (OTCBB:TAYO) announced a new agreement
today that could result in a hefty profit for the company. The
Union Pacific Railroad Company signed a purchase option last week
to acquire a West Texas property owned by Third Avenue Development,
TAYO’s real estate division.
Last year, Third Avenue Development added 47 residential and
commercial lots to its portfolio in the town of Sweetwater, Texas,
where development has been spurred on by a new railroad logistics
center and other projects. If Union Pacific exercises its option to
purchase one of the company’s half-acre lots there, TAYO could
stand to make a sizable profit on the deal.
“We scoured West Texas hard for prime acquisition opportunities
in 2014,” said TAYO CEO Scott Wheeler. “Now, that hard work is
about to pay off with this potential purchase.”
Last November, the ribbon was cut on the new Burlington Northern
and Santa Fe Railway Logistics Center in Sweetwater, a $45 million
project that will create new, permanent jobs and accommodate
growing transportation needs across multiple industries, including
sand, pipe, aggregate and agricultural products. The project has
increased the value of nearby land to entities such as Union
Pacific.
TAYO continues to explore new opportunities to acquire real
estate projected to increase in value due to industrial growth.
Currently, the company is scouting possible acquisitions of
property in states such as Colorado and Oregon zoned for cannabis
cultivation and retailing.
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 and real estate 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.
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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