As Taylor Consulting, Inc. (OTCBB: TAYO) continues working to build its
portfolio of promising real estate assets, U.S. stocks rose on Friday
after a better-than-expected reading on the housing market.
U.S. home resales rose more than expected in April, and the supply of
properties on the market hit its highest level in nearly two years: both
hopeful signs for the housing market. Housing starts exceeded most
analysts’ forecasts, and building permits climbed 8 percent to a 1.08
million annualized pace, a sign activity could accelerate in coming
months.
That’s all good news for TAYO as the consulting company expands its
business into the U.S. real estate market. To start, TAYO is
concentrating its efforts on building a strong portfolio of assets in
Texas, where a boom in oil and gas activity has helped lead some of the
most explosive population growth in the country. There, strong demand
for homes has kept both buyers and sellers in the market.
The company is currently negotiating letters of intent to purchase
several properties in the state and maximize their revenue potential.
“Housing is a strong economic driver in this region,” said TAYO CEO
Scott Wheeler. “We’re close to initiating several purchases that we
believe will position us strongly to capitalize on the economic and
population growth in Texas.”
Taylor Consulting, Inc., has formed a new division, Third Avenue
Development, LLC, to invest in potentially lucrative real estate assets
to compete in a brisk market alongside American Homes 4 Rent (AMH),
Silver Bay Realty Trust Corp. (SBY),
Equity Residential (EQR),
Essex Property Trust Inc. (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