New revenues continued to roll in for Taylor Consulting, Inc. (OTCBB:
TAYO) this week when the company signed a contract to sell its latest
real estate parcel in West Texas. It’s the sixth profitable sale in the
region that the company has announced since May.
Last year, Third Avenue Development added 47 residential and commercial
lots to its portfolio in the town of Sweetwater, Texas, where
development has been spurred on by a new railroad logistics center and
other projects. The company already made a sizeable profit on that
investment when the Union Pacific Railroad Company purchased a large
parcel earlier this year.
TAYO’s investments in West Texas through its real estate division, Third
Avenue Development, have paid off handsomely for the company, said CEO
Scott Wheeler.
“We’re very pleased with the returns that our investments in Sweetwater
and across Texas have delivered so far,” Mr. Wheeler said. “Third Avenue
Development is currently scouting new properties in the region to
capitalize on continuing high demand for commercial and residential real
estate there.”
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 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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