TAYO Targets Commercial Cannabis Properties for Acquisition as Rental Rates Skyrocket
March 03 2015 - 12:31PM
Business Wire
As rental rates for commercial properties in cannabis-friendly
states like Washington, California, and Oregon rapidly climb
upward, Taylor Consulting, Inc. (OTCBB: TAYO) is targeting smart
acquisitions to capitalize in Colorado. The real estate company is
moving forward with talks to add multiple Denver-area properties to
its growing portfolio.
“Denver rent rates for commercial properties suitable for the
cannabis industry range from $15.50 - $19.20 per square foot, and
continue to rise,” said TAYO CEO Scott Wheeler. “We’re looking to
gain a foothold to develop our assets in this evolving industry.
It’s an opportunity to invest in a market that continues to
skyrocket.”
Denver’s low industrial vacancy rate, coupled with the
extraordinary demand for cannabis, has led to a rush to acquire
property. The real estate boom shows no signs of slowing down, with
the legal cannabis market projected to be valued at over $1 billion
by 2016. TAYO is working toward a number of new acquisitions and
partnerships in the Denver marketplace in order to bolster its
nationwide real estate portfolio.
TAYO subsidiary Third Avenue Development, a premier hybrid of
real estate investment and development, plans to move forward with
multiple potential acquisitions in Colorado in the coming
weeks.
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 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 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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