As Taylor Consulting, Inc. (OTCBB: TAYO) continues to build its West
Texas real estate portfolio, the region’s economy continues to boom.
Texas’ crude oil production has doubled over the past three years to hit
3 million barrels a day according to the latest figures—matching or
exceeding some of OPEC’s biggest exporters.
With more and more drilling planned for West Texas’ massive shale plays,
Texas appears poised to soon overtake all but the largest Middle Eastern
petro-states. A little more than three million barrels a day would make
Texas OPEC’s second largest producer, according to OPEC’s May 2014 oil
market report.
The gains in Texas came from unconventional tight oil and shale plays in
the Eagle Ford, Western Gulf Basin and, especially, the Permian Basin,
regions where new drilling technologies have developed quickly. With a
new oil boom fully underway, thousands of workers and businesses have
flocked to Texas and its strong economy, sparking high demand for
housing and real estate.
Through its real estate division, Third Avenue Development, LLC, TAYO
has signed contracts to acquire two West Texas properties and executed a
letter of intent to form a property development joint venture with The
Home Masters Inc. TAYO continues to conduct due diligence toward
additional real estate acquisitions in the state, where population
growth has averaged 1.7 percent annually over the past three years—more
than double the national average.
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.
Copyright Business Wire 2014