TAYO Outlines Major West Texas Real Estate Projects with Third Avenue Development Website Update

HOUSTON--(BUSINESS WIRE)--

As Third Avenue Development, LLC continues to grow its business in oil-rich West Texas, Taylor Consulting Inc. TAYO highlighted the real estate division's top projects and acquisitions this week with an extensive update of Third Avenue's website.

To learn more about TAYO's current projects, visit www.thirdavenuedevelopment.com/projects.html.

“TAYO has been moving swiftly to capitalize on the historic population and economic explosion in West Texas, starting with the creation of Third Avenue Development earlier this year. Our primary goal with Third Avenue is to build a competitive portfolio of diverse real estate assets in the Cline Shale region,” said TAYO CEO Scott Wheeler. “We've done that in Abilene, Merkel and Tye, and our pending acquisition of White Buffalo will make it possible for us to have boots on the ground with a licensed broker in the area. We wanted the Third Avenue website to reflect all of our recent activity.”

Third Avenue Development has already acquired two prime properties in the town of Merkel, which is part of the greater Abilene region, and the company recently announced that it has completed its due diligence toward acquisition of another property in the area: a 10-acre lot in the neighboring town of Tye. To facilitate additional deals moving forward, Third Avenue Development also signed a purchase agreement recently to acquire White Buffalo Property Solutions LLC, a licensed West Texas real estate broker, to help facilitate more potentially lucrative deals in the region.

Located just east of Midland, Texas, the Cline Shale is the second-highest area of investment among U.S. unconventional oil plays. Unconventional Oil & Gas Report published forecasts from research and advisory firm Wood Mackenzie earlier this month that place the formation's annual production average this year at 200,000 barrels per day. That figure could rise to 700,000 barrels a day by the end of the decade, with capital spending in the region likely to surpass the Bakken by 2017. The Bakken Shale formation, which occupies more than 200,000 square miles in North Dakota, Montana and Canada, is one of the largest oil and natural gas plays in the United States and is currently producing nearly 1 million barrels of oil a month.

Steady increases in exploration and drilling in the ongoing Cline shale boom has resulted in high demand for infrastructure and real estate – housing, hospitality and other industries – to serve the needs of a surging population and the energy corporations working in and around a multi-county region between Midland-Odessa, San Angelo and Abilene.

About Taylor Consulting Inc.

Taylor Consulting, Inc. (TAYO) recently created Third Avenue Development, LLC as a new division whose primary goal is to invest 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 others.

Third Avenue Development, a premier hybrid real estate investment and development company, is building an emerging portfolio of real estate assets for investment, rehabilitation and 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 marketplace. For more information, visit www.ThirdAvenueDevelopment.com.

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