Powered by Business Wire
Search Results for Topix.net

TAYO Wins Bid to Acquire 64 Properties in West Texas

HOUSTON--(BUSINESS WIRE)--Taylor Consulting, Inc. (OTCBB: TAYO) announced today that its real estate division, Third Avenue Development, LLC, has won its bid to acquire a large, bulk real estate purchase in the growth market of West Texas.

“This bulk purchase is an advantageous way to build up our portfolio of West Texas real estate quickly at an affordable price”

The winning bid gives the company the right to acquire 64 lots in Texas’ hottest oil and gas territory. The bulk of properties covers approximately 16 acres of land ripe for redevelopment to suit a variety of potential needs. TAYO has targeted the bulk purchase because it fits the company’s criteria of distressed assets available for discounted acquisition.

Additionally, TAYO expects to acquire any mineral rights associated with the real estate, as well.

“This bulk purchase is an advantageous way to build up our portfolio of West Texas real estate quickly at an affordable price,” TAYO CEO Scott Wheeler said. “This is only the beginning. Third Avenue Development will continue to seek out promising investments in the region as the company works to capitalize on the boom in real estate demand there.”

TAYO has placed a high priority on the acquisition of real estate on or near West Texas’ massive Cline Shale formation, where drilling and exploration are drawing thousands of new residents. In Texas, population growth has averaged 1.7 percent annually over the past three years—more than double the national average.

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.

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 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.

Contacts

Taylor Consulting, Inc.
Scott Wheeler, 713-840-6099
President and CEO
info@tadcorp.com