HOUSTON--(BUSINESS WIRE)--Following up leads developed at this month’s ICSC RECon Las Vegas, the nation’s largest retail real estate convention, Taylor Consulting, Inc. (OTCBB: TAYO) is exploring the formation of new joint ventures to invest in commercial and retail real estate in some of the country’s fastest-growing municipalities.
RECon is a global convention for the shopping center industry, providing networking, deal-making and educational opportunities for retail real estate professionals from around the world. With over 32,000 attendees and 1,000 exhibitors, the convention provided an ideal opportunity for TAYO to make valuable new industry contacts as the sports consulting business works to transition into the U.S. real estate market.
The company is aggressively targeting raw land and distressed properties in hot markets, especially regions such as West Texas where oil and gas development is fueling rapid growth.
“Retail follows rooftops,” said TAYO CEO Scott Wheeler. “A big influx of workers in Texas’ Permian Basin region is going to draw a big influx of retailers and suppliers. We’re working fast to position our company to capitalize on that spiraling growth.”
As TAYO seeks to build a strong portfolio of promising assets in the area, the company’s leadership is following up on the possible formation of joint ventures to make potentially large, premium purchases of commercial land near the biggest hotspots.
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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