HOUSTON--(BUSINESS WIRE)--Taylor Consulting, Inc. (OTCBB: TAYO) kept its revenue stream hot this week by signing a contract to sell a major commercial property in West Texas. It will be the fifth profitable sale in the Lone Star State that the company has announced since May.
The commercial contract covers the sale of a multi-unit storage facility in the town of Merkel that the company targeted last year to serve the flood of workers and families moving in and out of West Texas. The area around the Permian Basin underwent a historic population explosion driven by advanced new oil and gas drilling technology. TAYO has received a monthly revenue from the property since its purchase in 2014.
“Like all of our investments in West Texas, this storage facility has returned a handsome profit,” said TAYO CEO Scott Wheeler. “We carefully considered the region’s demographics before targeting this property for acquisition, and our research paid off. We plan to continue acquiring properties across the country with a rate probability of value growth.”
As revenues rise, TAYO continues seeking out new real estate acquisition opportunities in the nation’s hottest markets. Land grabs driven by huge spikes in demand from the biotech and cannabis sectors are fueling big real estate profits in some of the country’s top-performing cities and regions.
Through Third Avenue Development, TAYO is building a competitive portfolio of real estate assets for investment, rehabilitation and resale. The company is focused on acquiring properties in the most coveted 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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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.