As the historic growth of the U.S. cannabis industry leads to
unprecedented demand for real estate by cannabis growers and retailers, Third
Avenue Development – the real estate subsidiary of Taylor
Consulting, Inc. (OTCBB: TAYO) – is working to acquire properties suited
for use by the rapidly rising support sector springing up around the
cannabis industry.
“From testing laboratories to manufacturing space, secure warehouses to
industrial kitchens, there are a great deal of properties that are
needed to service the quickly evolving cannabis sector,” said TAYO CEO
Scott Wheeler. “This industry is about so much more than dispensaries
and smoke shops. There are big profits to be made in rehabbing
properties for this industry, and we are working hard to acquire the
most promising real estate in Colorado and other cannabis-friendly
states.”
Much of Third Avenue Development’s scouting has taken place in the
Denver area, where the metro’s low industrial vacancy rate, coupled with
the extraordinary demand for cannabis, has led to a rush
to acquire property. The real estate boom shows no signs of slowing
down, with the legal cannabis market projected to be valued
at over $1 billion by 2016. TAYO is working toward a number of new
acquisitions and partnerships in the Denver marketplace in order to
bolster its nationwide real estate portfolio.
Third Avenue Development, a premier hybrid of real estate investment and
development, plans to move forward with multiple potential acquisitions
in Colorado and beyond in the coming weeks.
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 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
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
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past success, either financial or strategic, is no guarantee of future
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 2015