HOUSTON--(BUSINESS WIRE)--Last week, Taylor Consulting, Inc. (OTCBB: TAYO) received an intimate economic portrait of one of the country’s fastest-growing regions as the company works to build a strong portfolio of promising real estate assets.
June 3-4, TAYO’s executive leadership attended the West Texas Energy Consortium Annual Conference in Abilene, Texas. Featuring guest speakers from the local community and the oil and gas industry that fuels it, the event included legislative updates from the state capitol, insight from industry leaders in the area, and the results of a comprehensive economic impact study of the region.
TAYO CEO Scott Wheeler says the conference has given his company a valuable overview of West Texas’ needs and opportunities as a shale oil and gas boom swells the region’s population and economy.
“We already knew that extraordinary growth is taking place in West Texas,” Wheeler said. “This conference was another big step in acquiring the information and contacts our company needs to make smart investment decisions in the region.”
TAYO is currently conducting due diligence on four properties located on or near West Texas’ massive Cline Shale formation. Covering an area of over one million acres, the Cline Shale could be the largest North American oil play of all time, with some experts predicting it could produce as many as 30 billion barrels of oil.
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.
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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