Rapidly increasing oil and gas production in Texas is creating
unprecedented job and population growth in the state, and Taylor
Consulting, Inc. (OTCBB: TAYO) is making plans to capitalize on a
booming real estate market there.
Forbes reported last week that, thanks to fast-rising production
from Texas’ Eagle Ford Shale and Permian Basin formations, Texas reached
a new milestone in September 2013: If the state were a separate nation
from the U.S., it would now rank as the 9th-largest
oil-producing country in the world. That month, the state’s oil output
was measured by IEA at 2.7 million barrels per day—twice the amount the
state was producing a mere 29 months previously.
If current trends continue, Texas could pass OPEC giants such as Iran,
Iraq and the UAE in production in the next few years. As energy
companies rush into the state to capitalize on the boom, demand for real
estate near Texas’ oilfields and in its major cities is growing nearly
as quickly.
“All of the oilfield and energy workers moving to Texas from all over
the U.S. need housing, offices and other amenities,” said TAYO CEO Scott
Wheeler. “With the industry set to continue its growth for some time,
there are boundless opportunities to acquire, develop, rehabilitate and
resell property across the state.”
TAYO plans to grow its national brand by building up its portfolio of
assets in Texas, first, acquiring properties with high potential and
applying multiple marketing strategies.
Third Avenue Development, LLC, is already working 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 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 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