Following up leads developed at this month's ICSC RECon Las Vegas, the
nation's largest retail real estate convention, Taylor Consulting, Inc.
(OTCBB:TAYO) is exploring the formation of new joint ventures to invest
in commercial and retail real estate in some of the country's
RECon is a global convention for the shopping center industry, providing
networking, deal-making and educational opportunities for retail real
estate professionals from around the world. With over 32,000 attendees
and 1,000 exhibitors, the convention provided an ideal opportunity for
TAYO to make valuable new industry contacts as the sports consulting
business works to transition into the U.S. real estate market.
The company is aggressively targeting raw land and distressed properties
in hot markets, especially regions such as West Texas where oil and gas
development is fueling rapid growth.
"Retail follows rooftops," said TAYO CEO Scott Wheeler. "A big influx of
workers in Texas' Permian Basin region is going to draw a big influx of
retailers and suppliers. We're working fast to position our company to
capitalize on that spiraling growth."
As TAYO seeks to build a strong portfolio of promising assets in the
area, the company's leadership is following up on the possible formation
of joint ventures to make potentially large, premium purchases of
commercial land near the biggest hotspots.
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)
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.
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
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.