HOUSTON--(BUSINESS WIRE)--The executive leadership of Taylor Consulting, Inc. (OTCBB:TAYO) returned from a productive recent trip to Colorado with a new list of potential real estate targets in the state’s $700 million cannabis industry.
“We’re considering three properties for sale and one for rent, currently,” said TAYO CEO Scott Wheeler. “The lack of available real estate zoned for cannabusinesses in Colorado is astounding. The lack of space is the only thing holding this industry back from exploding.
“There is a lot of money to be made in Colorado developing real estate assets for use by the medical and recreational cannabis industry,” he added.
The market value of Colorado’s cannabis industry is expected by many experts to rise past $1 billion in the next two years. The rapid growth in demand for cannabis products in the state has caused a real estate rush as farmers and retailers snap up properly zoned land for cultivation and sales. The boom in interest has generated an unprecedented opportunity for real estate portfolio managers such as Third Avenue Development.
The company plans to move forward with multiple potential acquisitions in the state in the coming weeks.
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.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of success. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.