TAYO Develops Plan To Increase Asset Values

HOUSTON--(BUSINESS WIRE)--

In order to better market its growing portfolio of real estate assets in West Texas, Taylor Consulting, Inc. TAYO is targeting modular housing manufacturers in the region for potential partnership.

Due to the explosion in shale oil and gas drilling and exploration in West Texas' Permian Basin, the area is experiencing an unprecedented boom in population and economic activity. To capitalize, TAYO has formed a real estate division, Third Avenue Development, LLC, and acquired multiple West Texas properties. The company 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.

Because West Texas is being flooded with new workers and residents, TAYO has identified modular housing as a fast, affordable solution to the region's low housing inventory.

“By placing modular housing on some of our new properties, we can quickly begin providing housing where it's needed most,” said TAYO CEO Scott Wheeler.

The company has made the acquisition of promising assets on or near the state's shale oil and gas formations a priority since expanding into the U.S. real estate market earlier this year. Through Third Avenue Development, the company is committed to investing in promising real estate assets to compete alongside American Homes 4 Rent AMH, Silver Bay Realty Trust Corp. SBY, Equity Residential EQR, Essex Property Trust Inc. 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 in booming oil and gas regions. The company is focused on acquiring and developing properties in the country's top-performing markets in order to capitalize on rising demand for housing and related infrastructure services.

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