HOUSTON--(BUSINESS WIRE)--Taylor Consulting, Inc. (OTCBB:TAYO) announced a new agreement today that could result in a hefty profit for the company. The Union Pacific Railroad Company signed a purchase option last week to acquire a West Texas property owned by Third Avenue Development, TAYO’s real estate division.
Last year, Third Avenue Development added 47 residential and commercial lots to its portfolio in the town of Sweetwater, Texas, where development has been spurred on by a new railroad logistics center and other projects. If Union Pacific exercises its option to purchase one of the company’s half-acre lots there, TAYO could stand to make a sizable profit on the deal.
“We scoured West Texas hard for prime acquisition opportunities in 2014,” said TAYO CEO Scott Wheeler. “Now, that hard work is about to pay off with this potential purchase.”
Last November, the ribbon was cut on the new Burlington Northern and Santa Fe Railway Logistics Center in Sweetwater, a $45 million project that will create new, permanent jobs and accommodate growing transportation needs across multiple industries, including sand, pipe, aggregate and agricultural products. The project has increased the value of nearby land to entities such as Union Pacific.
TAYO continues to explore new opportunities to acquire real estate projected to increase in value due to industrial growth. Currently, the company is scouting possible acquisitions of property in states such as Colorado and Oregon zoned for cannabis cultivation and retailing.
Third Avenue Development, a premier hybrid real estate investment and development company, is building an emerging portfolio of real estate assets for investment, rehabilitation and resale. The company is focused on acquiring properties in the country’s top-performing housing and real estate markets in order to capitalize on the continued recovery and growth of the U.S. real estate marketplace. For more information, visit www.ThirdAvenueDevelopment.com.
About Taylor Consulting Inc.
Taylor Consulting, Inc. (TAYO) recently created Third Avenue Development, LLC as a new division whose primary goal is 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 others.
Third Avenue Development, a premier hybrid real estate investment and development company, is building an emerging portfolio of real estate assets for investment, rehabilitation and 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. For more information, visit www.ThirdAvenueDevelopment.com.
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