The massive “Shale Rush” ushered in by new oil and gas production in
Texas is creating real estate demand not only for drilling and housing,
but for retail, entertainment and other amenities. Through its new real
estate division—Third Avenue Development, LLC—Taylor Consulting, Inc.
(OTCBB: TAYO) is targeting smart acquisitions in the state’s hottest
markets in order to capitalize.
Oil towns in West Texas such as Midland and Odessa are leading the
nation in population growth spurred on by the extraction of oil and gas
in areas once believed to be undrillable. An explosion in workers moving
in to recover these resources has led to serious housing shortages,
spiking demand for distressed and rehabilitated properties in the region.
But the energy industry isn’t the only one seeking out affordable real
estate in the boomtowns. Big-box retailers, movie theaters, restaurants,
grocers and other businesses primed to serve the growing population are
also looking for suitable locations.
“The demand for commercial real estate in Texas is increasing sharply,
just as it is for residential properties,” said TAYO CEO Scott Wheeler.
“Retail outposts in the Permian region are outperforming the rest of the
national store base, luring more businesses to the area.
“Anywhere you have a massive influx of workers, a building boom is sure
to follow,” he added.
In addition to its sports consulting business, TAYO 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), Essex Property Trust
Inc. (NYSE: ESS) and more.
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.
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