TAYO Targets Bulk Real Estate Assets in West Texas Oil Country
HOUSTON, Jul 07, 2014 – As Taylor Consulting, Inc. (OTCBB: TAYO) works to continue building a strong portfolio of West Texas real estate, the company is targeting bulk asset acquisitions near the region’s massive Cline Shale formation.
The demand for real estate near the Cline Shale has increased significantly in recent months as drilling and exploration in the area draw thousands of new workers and residents to the region. After previously contracting to acquire several assets in the area, TAYO has set its sights on larger collections of multiple properties that can be acquired in a single purchase.
“By acquiring bulk assets, we plan to build our West Texas portfolio out more quickly at a better price,” said TAYO CEO Scott Wheeler. “We’re specifically looking for foreclosed assets, offering multiple different possible revenue streams.”
Through its real estate division, Third Avenue Development, LLC, TAYO has signed contracts to acquire two previous West Texas properties. TAYO continues to conduct due diligence toward additional real estate acquisitions in the state, where population growth has averaged 1.7 percent annually over the past three years–more than double the national average.
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