Growth and development in resource-rich West Texas continue at a torrid
pace as Taylor Consulting Inc. (OTCBB:TAYO) makes plans to add to its
portfolio of real estate assets in the region.
A horizontal drilling boom in West Texas' Permian Basin has created so
many jobs that nearby cities have the lowest unemployment rate in the
state. According to the latest figures from the Texas Workforce
Commission, Odessa and Midland are once again the two top Texas cities
for low unemployment, with both coming in under the state's unemployment
rate of 5.1 percent.
As new workers and residents flock to the region, a surge in building
has begun. The Odessa Economic Indicator states there have recently been
28 new building permits for residential homes and 25 new building
permits for commercial buildings in the city. Home sales across Texas
were at their highest volume last month since 2006, and the total value
of home sales topped $7.4 billion—a new record.
TAYO is working to capitalize on the West Texas boom by acquiring and
developing distressed real estate assets for multiple potential revenue
streams. The company is building a strong portfolio of real estate
assets as the region continues to grow. TAYO has already acquired
multiple properties located on or near the Permian Basin as well as
executed a letter of intent to form a property development joint venture
with The Home Masters Inc.
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
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 a competitive 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
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.
Source: Taylor Consulting Inc.