Business
TAYO Scouts Potential Real Estate Deals as the Next Wave of Cannabis Legalization Nears
TAYO Scouts Potential Real Estate Deals as the Next Wave of Cannabis Legalization Nears.
About this update from Taylor Consulting, Inc.
[{"type":"text","content":"\n \n Taylor Consulting, Inc. (OTCBB: TAYO) and its real estate division, \n Third Avenue Development, are already pursuing promising new real estate \n opportunities in the states most likely to enact new laws in the next \n wave of cannabis legalization in the U.S., the company announced today.\n \n \n By forecasting which states and cities will soon join the vanguard of \n legalization, TAYO plans to make smart acquisitions of warehouse space \n and commercial properties before demand from the nascent cannabis \n industry sends property values skyrocketing.\n \n \n “We’ve already seen warehouse lease values triple in markets such as \n Denver as the cannabis industry snaps up all of the available space,” \n said TAYO CEO Scott Wheeler. “Industrial real estate in places like \n Vermont, Massachusetts and Nevada is going to be in extremely high \n demand if and when those states opt to legalize adult-use cannabis—and \n we believe that will happen very soon.“\n \n \n “We plan to be ready when it does,” he added.\n \n \n Rather than targeting properties in markets where the cannabis industry \n is already established, TAYO is focusing on states where criteria such \n as existing decriminalization of cannabis and medical cannabis clinics \n make legalization an easier and more natural progression. Eventually, \n the company plans to expand its portfolio to include potential cannabis \n properties across the continent. For more information on TAYO and its \n real estate division, Third Avenue Development, please 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 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 markets \n in order to capitalize on the contin...