As Taylor Consulting, Inc. (OTCBB: TAYO) continues to scout promising
real estate acquisitions in West Texas, the continuing boom in oil and
gas exploration in the area continues unabated, drawing ever more new
workers and residents to the region and creating new demand for real
estate.
The Cline Shale formation in the Permian Basin has generated the most
buzz by far. Some estimates put the formation’s total recoverable
reserves at 30 billion barrels, which would make the Cline larger than
the more famous Bakken and Eagle Ford formations combined. In the past
two weeks, exploration activity in the Cline Shale region has added an
additional seven drilling rigs on the ground, bringing the total to over
251 active sites.
The continuing growth has drawn enough new residents to the region to
send home and rent prices surging in many areas. For a company like TAYO
working to break into the U.S. real estate industry, it’s a unique
opportunity. 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.
In addition to its traditional sports consulting business, TAYO recently
created a new division—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