TAYO Targets New Assets to Capitalize on West Texas' Economic Growth
Taylor Consulting, Inc. (OTCBB:TAYO) continues to move forward with
multiple real estate acquisitions in West Texas as a new study this week
predicts that the Cline Shale play will add $20.5 billion to the
region's economy by 2022.
The economic impact study, conducted by the University of Texas at San
Angelo Institute for Economic Development, examined the effect of oil
and gas activity in 10 counties in the eastern Permian Basin. The UTSA
study found that by 2022, oil and gas development will be responsible
for creating 30,000 jobs in the study area as activity in the Cline
"These are truly incredible numbers," said TAYO CEO Scott Wheeler.
"30,000 new jobs is going to attract a huge number of people to this
area that will all need places to live, work and play. That growth is
driving a very hot real estate market in the eastern Permian Basin."
TAYO is currently conducting due diligence toward the acquisition of
multiple properties located on or near the massive Cline Shale
formation. Covering an area of over one million acres, the Cline Shale
could be the largest North American oil play of all time, with some
experts predicting it could produce as many as 30 billion barrels of
oil. As the company builds its asset portfolio, TAYO is seeking out raw
land and distressed properties with the potential for multiple marketing
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
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.