HOUSTON--(BUSINESS WIRE)--Taylor Consulting, Inc., a sports consulting firm transitioning into the real estate sector, will move forward with plans to acquire a Texas-based property investment and development business, the company announced today.
TAYO has already come to a preliminary agreement to acquire Mustang Investment & Property Group, LLC, last week. Since last year, Mustang has been led by Scott Wheeler, the new President and CEO of Taylor Consulting, Inc. By purchasing the company, TAYO plans to acquire all of the business, contacts and infrastructure that Wheeler has been building since 2013.
The acquisition will be a crucial step for TAYO as the company transitions away from sports consulting into the fast-paced, potentially lucrative business of buying, selling and developing U.S. real estate. The company has already formed a new division, Third Avenue Development, LLC, to handle the new business.
Wheeler says that acquiring Mustang will go a long way toward filling out that division.
“TAYO has made a major commitment to investing in raw land and real estate properties, but now we need the tools and infrastructure to begin buying, developing and selling in earnest,” he said.
The company expects to finalize its acquisition of Mustang this month.
TAYO plans to grow its national brand by building up its portfolio of assets in Texas, first, acquiring properties with high potential and applying multiple marketing strategies.
Third Avenue Development, LLC, is already working 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 more.
For more information on Third Avenue Development, please visit www.ThirdAvenueDevelopment.com.
About Third Avenue Development, LLC
A division of Taylor Consulting, Inc. (TAYO), Third Avenue Development, LLC, 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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