TAYO Stakes Its First Claim in West Texas
HOUSTON--(BUSINESS WIRE)--After weeks of careful due diligence, Taylor Consulting, Inc. (OTCBB: TAYO) signed a contract to acquire its first real estate asset in the oil-boom region of West Texas this week.
“This is a commercial business in a prime, central location with great land value and positive cash flow”
TAYO has made the acquisition of promising assets on or near the state’s shale oil and gas formations a priority since expanding into the U.S. real estate market earlier this year. After conducting extensive market research on the region and its astonishing growth, TAYO signed a contract to acquire an infrastructure play in the rapidly expanding Abilene metro area.
The first property in the company’s portfolio will be a multi-unit storage facility—an amenity in short supply as a flood of workers in and around the energy industry swarm in and out of West Texas. TAYO’s research found that the self-storage market in the area was underserved. Supported by increasing numbers of part time residents and the back bone of a military base, the company expects to maintain a very high occupancy rate at the new property.
"This is a commercial business in a prime, central location with great land value and positive cash flow,” said TAYO CEO Scott Wheeler. “The demographics of the region made this target an easy choice. It’s the first of many acquisitions we plan to make this year in this rapidly expanding energy center."
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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