HOUSTON--(BUSINESS WIRE)--As Taylor Consulting, Inc. (OTCBB: TAYO) works to continue building a strong portfolio of West Texas real estate, the company is targeting bulk asset acquisitions near the region’s massive Cline Shale formation.
The demand for real estate near the Cline Shale has increased significantly in recent months as drilling and exploration in the area draw thousands of new workers and residents to the region. After previously contracting to acquire several assets in the area, TAYO has set its sights on larger collections of multiple properties that can be acquired in a single purchase.
“By acquiring bulk assets, we plan to build our West Texas portfolio out more quickly at a better price,” said TAYO CEO Scott Wheeler. “We’re specifically looking for foreclosed assets, offering multiple different possible revenue streams.”
Through its real estate division, Third Avenue Development, LLC, TAYO has signed contracts to acquire two previous West Texas properties. TAYO continues to conduct due diligence toward additional real estate acquisitions in the state, where population growth has averaged 1.7 percent annually over the past three years—more than double the national average.
TAYO recently created 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) and 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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