Taylor Consulting, Inc. (OTCBB: TAYO) announced today that its real
estate division, Third Avenue Development, LLC, has placed a bid to
acquire a large, bulk real estate purchase in the growth market of West
Texas.
The bid, which has been approved for consideration, is for 64 lots in
Texas’ hottest oil and gas territory. The bulk of properties covers
approximately 16 acres of land ripe for redevelopment to suit a variety
of potential needs. TAYO has targeted the bulk purchase because it fits
the company’s criteria of distressed assets available for discounted
acquisition, says company CEO Scott Wheeler.
“Bulk acquisitions of this kind are a quick and comparatively affordable
way for Third Avenue to build up its portfolio of West Texas real estate
assets,” Wheeler said. “We hope we can get this purchase finalized very
soon and continue adding many more high-potential assets in this region.”
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
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and the company assumes no responsibility to update the information
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Copyright Business Wire 2014