HOUSTON--(BUSINESS WIRE)--Taylor Consulting, Inc. (OTCBB:TAYO), a Texas-based sports consulting company, announced today that it will form a new division to expand the company’s business into the multi-billion-dollar U.S. real estate market.
The new division, Third Avenue Development Corp., will serve as a hybrid real estate and development company as TAYO explores potentially lucrative new opportunities to buy, sell and develop land across the country. Under the leadership of TAYO President and CEO Scott Wheeler, Third Avenue will target promising acquisitions with the potential for multiple market strategies, beginning in the booming real estate market of Texas.
Explosive demand has left the supply of housing in Texas at its lowest level in nearly 20 years, setting the stage for potentially huge profits to be made by building, rehabilitating or upgrading existing single- and multi-family properties for rent or resale.
“Texas is the perfect place to establish the Third Avenue Development brand, with a constant stream of new residents flooding into the state creating high demand for both raw land and existing properties,” Wheeler said. “The establishment of this new division will allow Taylor Consulting to keep this new business separate from its traditional consulting work.”
Third Avenue Development Corp. will focus on investing 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 Third Avenue Development, please visit www.ThirdAvenueDevelopment.com.
About Third Avenue Development Corp.
A division of Taylor Consulting, Inc. (TAYO), Third Avenue Development Corp. 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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