Seeking to cut out the real estate middle man, Taylor Consulting, Inc.
(OTCBB:TAYO) placed a bid this week to acquire a real estate brokerage
in West Texas, one of the nation’s fastest-growing regions.
If approved, the acquisition would allow TAYO and its real estate
division, Third Avenue Development, LLC, to conduct future transactions
using a Texas broker’s license, enable the company to diversify its
service offerings and increase its bottom line.
"This acquisition could open up a number of potentially lucrative new
avenues for us in one of the country’s hottest real estate markets,"
said TAYO CEO Scott Wheeler. "We have been working on an exclusive
relationship with a licensed brokerage for some time in order to more
efficiently streamline our property acquisitions in the region and
provide us with a crucial point of contact in the local marketplace."
West Texas’ Permian Basin region, anchored by Midland and Odessa, has
several shale plays that will likely produce more than 1.3 million
barrels of oil per day by 2017, according to many oil industry experts.
As a result, Texas' population growth has averaged 1.7 percent annually
over the past three years, more than double the national average.
TAYO has made buying and selling promising assets on or near the state's
shale oil and gas formations a priority since expanding into the U.S.
real estate market earlier this year. Through Third Avenue Development,
the company is committed to investing 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 in booming
oil and gas regions. The company is focused on acquiring and developing
properties in the country's top-performing markets in order to
capitalize on rising demand for housing and related infrastructure
services.
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