Taylor Consulting, Inc. (OTCBB:TAYO) announced today that it has closed
on its latest profitable real estate transaction, nearly doubling its
investment on a major commercial property near the city of Abilene,
Texas. The West Texas town’s consistently strong real estate market has
paid handsome dividends for the company.
TAYO signed a contract to sell the multi-unit storage facility in
the greater Abilene metro area last month. In addition to selling the
property for almost twice what the company paid for it, TAYO also
collected monthly revenue from the working property since its purchase
last year.
“Our investments in Abilene and the surrounding region have been very
fruitful for our company,” said TAYO CEO Scott Wheeler.
Mr. Wheeler credits the region’s robust economy, low cost of living, low
violent crime rate and local colleges and universities for keeping real
estate in demand in and around Abilene following the recent decline in
oil prices.
“We continue to scout promising real estate opportunities there, and we
expect to maintain our strong track record of revenue growth in the
region,” he said.
Through its real estate division, Third Avenue Development, TAYO is
building a competitive portfolio of real estate assets for investment,
rehabilitation and resale. The company is focused on acquiring
properties in the most coveted housing and real estate 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.
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
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.
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