As Third
Avenue Development, LLC continues to grow its business in oil-rich
West Texas, Taylor Consulting Inc. (OTCBB:TAYO) highlighted the real
estate division’s top projects and acquisitions this week with an
extensive update of Third Avenue’s website.
To learn more about TAYO’s current projects, visit www.thirdavenuedevelopment.com/projects.html.
“TAYO has been moving swiftly to capitalize on the historic population
and economic explosion in West Texas, starting with the creation of
Third Avenue Development earlier this year. Our primary goal with Third
Avenue is to build a competitive portfolio of diverse real estate assets
in the Cline Shale region,” said TAYO CEO Scott Wheeler. “We’ve done
that in Abilene, Merkel and Tye, and our pending acquisition of White
Buffalo will make it possible for us to have boots on the ground with a
licensed broker in the area. We wanted the Third Avenue website to
reflect all of our recent activity.”
Third Avenue Development has already acquired two prime properties in
the town of Merkel, which is part of the greater Abilene region, and the
company recently announced that it has completed its due diligence
toward acquisition of another property in the area: a 10-acre lot in the
neighboring town of Tye. To facilitate additional deals moving forward,
Third Avenue Development also signed a purchase agreement recently to
acquire White
Buffalo Property Solutions LLC, a licensed West Texas real
estate broker, to help facilitate more potentially lucrative deals in
the region.
Located just east of Midland, Texas, the Cline
Shale is the second-highest area of investment among U.S. unconventional
oil plays. Unconventional Oil & Gas Report published
forecasts from research and advisory firm Wood Mackenzie earlier this
month that place the formation’s annual production average this year at
200,000 barrels per day. That figure could rise to 700,000 barrels a day
by the end of the decade, with capital spending in the region likely to
surpass the Bakken
by 2017. The Bakken Shale formation, which occupies more than 200,000
square miles in North Dakota, Montana and Canada, is one of the largest
oil and natural gas plays in the United States and is currently
producing nearly 1 million barrels of oil a month.
Steady increases in exploration and drilling in the ongoing Cline shale
boom has resulted in high
demand for infrastructure and real estate – housing, hospitality and
other industries – to serve the needs of a surging population and the
energy corporations working in and around a multi-county region between
Midland-Odessa, San Angelo and Abilene.
About Taylor Consulting Inc.
Taylor Consulting, Inc. (TAYO) recently created Third Avenue
Development, LLC as a new division whose primary goal is 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 others.
Third Avenue Development, a premier hybrid real estate investment and
development company, is building an emerging portfolio of real estate
assets for investment, rehabilitation and 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. For more information, visit www.ThirdAvenueDevelopment.com.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform
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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