Business
TAYO Closes Latest Real Estate Deal in Oil-Rich West Texas
TAYO Closes Latest Real Estate Deal in Oil-Rich West Texas.
About this update from Taylor Consulting, Inc.
[{"type":"text","content":"\n \n Third Avenue Development, the real estate division of Taylor Consulting, \n Inc. (OTCQB: TAYO), announced today that it capped off a highly \n profitable 2015 by closing its latest real estate deal in West Texas.\n \n \n In 2014, TAYO invested heavily in West Texas, where demand was driven to \n historic heights thanks to an oil and gas boom. Those investments have \n paid off handsomely for the company in 2015, beginning with a large \n parcel that the company sold at a profit to the Union Pacific Railroad \n Company. TAYO continues to divest its properties in the town of \n Sweetwater, where Union Pacific’s new railroad logistics center and \n other projects continue to spur economic activity.\n \n \n “Sweetwater, Texas, has been very good to our company,” said TAYO CEO \n Scott Wheeler. “Our investments there turned out to be very profitable \n this year, and we expect that our remaining holdings there will continue \n to be attractive targets for developers in the region. We believe that \n activity and growth will continue in West Texas for the foreseeable \n future whether the price of oil goes up or down.”\n \n \n As profits continue to pile up, TAYO will look to reinvest some of its \n revenues in promising properties across the country—particularly regions \n projected to startup state-regulated cannabis industries in the coming \n months and years.\n \n \n Third Avenue Development, a premier hybrid real estate investment and \n development company, is building an emerging portfolio of real estate \n assets for investment, rehabilitation and resale. The company is focused \n on acquiring properties in the country’s top-performing housing and real \n estate markets in order to capitalize on the continued recovery and \n growth of the U.S. real estate marketplace. For more information, visit www.ThirdAvenueDevelopment.com.\n \n \n About Taylor Consulting Inc.\n \n \n Taylor Consulting, Inc. (TAYO) recently created Third Avenue \n Development, LLC as a new division whose primary goal is to invest in \n promising real estate assets to compete alongside American Homes 4 Rent \n (NYSE: AMH), Silver Bay Realty Trust Corp. (NYSE: SBY), Equity \n Residential (NYSE: EQR), Essex Property Trust Inc. (NYSE: ESS) and \n others.\n \n \n Third Avenue Development, a premier hybrid rea...