HOUSTON--(BUSINESS WIRE)--New revenues continued to roll in for Taylor Consulting, Inc. (OTCBB: TAYO) this week when the company signed a contract to sell its latest real estate parcel in West Texas. It’s the sixth profitable sale in the region that the company has announced since May.
Last year, Third Avenue Development added 47 residential and commercial lots to its portfolio in the town of Sweetwater, Texas, where development has been spurred on by a new railroad logistics center and other projects. The company already made a sizeable profit on that investment when the Union Pacific Railroad Company purchased a large parcel earlier this year.
TAYO’s investments in West Texas through its real estate division, Third Avenue Development, have paid off handsomely for the company, said CEO Scott Wheeler.
“We’re very pleased with the returns that our investments in Sweetwater and across Texas have delivered so far,” Mr. Wheeler said. “Third Avenue Development is currently scouting new properties in the region to capitalize on continuing high demand for commercial and residential real estate there.”
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.