HOUSTON--(BUSINESS WIRE)--As part of its push to capture a share of the massive U.S. real estate market, Taylor Consulting, Inc. (OTCBB: TAYO) has signed a preliminary agreement to acquire a Texas-based property investment and development company.
Since last year, Mustang Investment & Property Group, LLC, has been headed up by Scott Wheeler, the new President and CEO of Taylor Consulting, Inc. By acquiring the company, TAYO plans to gain all of the business, contacts and infrastructure that Wheeler has been building since 2013.
“This acquisition is a big step for Taylor Consulting as we transition away from sports consulting into the fast-paced, potentially lucrative business of buying, selling and developing real estate,” Wheeler said. “Mustang will give TAYO the tools and infrastructure we need to hit the ground running.”
TAYO has already begun to target promising properties in the red-hot market of Texas for acquisition and investment. The company is evaluating both raw land as well as commercial, single-family and multi-family properties.
The company hopes to finalize its acquisition of Mustang this week.
Taylor Consulting, Inc. is putting together a new real estate subsidiary to invest in potentially lucrative real estate assets to compete in a brisk market 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 TAYO’s consulting business, please visit www.basketballconsulting.com.
About Taylor Consulting, Inc.
Taylor Consulting, Inc. (TAYO), is building an emerging portfolio of real estate assets for rehabilitation and rent or 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.
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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.