HOUSTON--(BUSINESS WIRE)--As Taylor Consulting Inc. (OTCBB: TAYO) continues working to accumulate promising real estate assets in oil-rich West Texas, the state has surpassed 300,000 jobs in the oil and natural gas sector as the energy boom drives job growth for a fourth straight year.
According to the data released this month by the U.S. Bureau of Labor Statistics, Texas gained more than 20,000 oil and gas jobs since July 2013, its largest increase since April 2013. With new drilling techniques opening up vast reserves, the state has been drawing oil field workers from around the country who are eager to jump on rig crews where salaries start at around $70,000 a year.
The flood of new business and residents into Texas’ Permian Basin region is expected by many to keep climbing steadily. In order to capitalize on the rising demand for real estate to be used for everything from temporary housing to public infrastructure to entertainment amenities, TAYO is building a portfolio of properties in the region offering multiple avenues for potential revenue.
Third Avenue Development, TAYO’s real estate division, has already acquired a number of real estate properties in West Texas, including a 64-lot bulk purchase not far from the massive Cline Shale formation. The company is focused on accumulating acres of land ripe for redevelopment to suit a variety of potential needs.
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 in emerging oil and gas regions. The company is focused on acquiring and developing properties in the country's top-performing markets in order to capitalize on rising demand for housing and related infrastructure services.
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