TAYO: Property Development LOI Executed
HOUSTON--(BUSINESS WIRE)--As part of its aggressive strategy to acquire real estate assets throughout Texas, Taylor Consulting, Inc. (OTCBB:TAYO) announced today that, through its subsidiary, it has signed a letter of intent to enter into a joint venture agreement with The Home Masters Inc.
“The Home Masters Inc. is an ideal partner with whom to execute this phase of our plan.”
The LOI executed by Third Avenue Development, LLC, the real estate division of TAYO, is the next phase of the company’s strategy to meet the rapidly growing demand for housing and services in the West Texas area. The Company recently acquired two properties in the booming region that it is planning to develop to meet the overwhelming demand.
“The LOI is the first step to bring our vision to reality and housing and services to the region,” TAYO CEO Scott Wheeler said. “The Home Masters Inc. is an ideal partner with whom to execute this phase of our plan.”
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) 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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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 future 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.