TAYO Expands Real Estate Exploration as Texas Oil Production Soars

By Business Wire,  June 16, 2014, 05:00:00 AM EDT


HOUSTON--(BUSINESS WIRE)-- As Taylor Consulting, Inc. (OTCBB:TAYO) continues its due diligence on a number of real estate acquisitions in West Texas, the region's growth shows no signs of slowing down anytime soon. Some industry experts predict that the Permian Basin could produce as many as 3.5 million barrels of oil a day within the next decade.

Thanks to thousands of new wells being drilled in the Permian Basin and elsewhere, Texas is poised to shatter its all-time oil production record in 2014. Last month, the Dallas Business Journal reported that oil production topped 120.7 million barrels in January and February, up nearly 10 million barrels from the same period in 2013. Texas produced 34 percent of the crude oil in the U.S. last year. And many experts say that the Permian is only getting warmed up.

The surge in production has led to a massive influx of workers and residents to West Texas requiring everything from temporary housing to permanent residences, new businesses, recreation amenities and more. The continuing growth is sending home and rent prices surging in many areas.

For a company like TAYO working to break into the U.S. real estate industry, it's a unique opportunity. TAYO plans to grow its national brand by building up its portfolio of assets in Texas, first, acquiring properties with high potential and applying multiple marketing strategies.

In addition to its traditional sports consulting business, 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), 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.

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.

Source: Taylor Consulting, Inc.



This article appears in: News Headlines

Referenced Stocks: AMH, EQR, ESS, SBY, TAYO


Latest News Video





Most Active by Volume

Company Last Sale Change Net / %
BAC $ 16.09 0.08 ▲ 0.50%
AAPL $ 102.50 0.25 ▲ 0.24%
PBR $ 19.57 0.45 ▲ 2.35%
TWTR $ 49.75 0.32 ▲ 0.65%
INTC $ 34.92 0.27 ▲ 0.78%
SIRI $ 3.63 0.03 ▲ 0.83%
VALE $ 13.06 0.05 ▼ 0.38%
FB $ 74.82 0.97 ▲ 1.31%

As of 8/29/2014, 04:04 PM