HOUSTON--(BUSINESS WIRE)--As Taylor Consulting, Inc. (OTCBB: TAYO) continues to scout promising real estate acquisitions in West Texas, the continuing boom in oil and gas exploration in the area continues unabated, drawing ever more new workers and residents to the region and creating new demand for real estate.
The Cline Shale formation in the Permian Basin has generated the most buzz by far. Some estimates put the formation’s total recoverable reserves at 30 billion barrels, which would make the Cline larger than the more famous Bakken and Eagle Ford formations combined. In the past two weeks, exploration activity in the Cline Shale region has added an additional seven drilling rigs on the ground, bringing the total to over 251 active sites.
The continuing growth has drawn enough new residents to the region to send home and rent prices surging in many areas. For a company like TAYO working to break into the U.S. real estate industry, it’s a unique opportunity. 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.
In addition to its traditional sports consulting business, TAYO recently created a new division—Third Avenue Development, LLC—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.
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.
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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