TAYO Expands Abilene Real Estate Brokerage to Keep Up With Growth of West Texas City Forbes Calls One of the Best Places to Retire Business Wire "Press Releases - English"
HOUSTON --(BUSINESS WIRE)-- On the heels of Forbes naming Abilene, Texas as one of its best places to retire, Taylor Consulting Inc. (OTCBB:TAYO) will add more real estate agents to its recently acquired Abilene -based broker White Buffalo Property Solutions to meet expected increases in demand.
Forbes just ranked the top 25 places to retire in the United States and found out what we already know thanks to the West Texas oil boom, Abilene is hot. For the last year, we have been strategically building a real estate portfolio of prime properties there, said TAYO CEO Scott Wheeler . Keeping up with demand for real estate in Abilene has been a challenge, but adding more White Buffalo agents will enable us to scout and acquire even more properties. And, now that Forbes has listed Abilene as a desirable retirement destination, we expect even more demand in the area.
Population growth in Texas has averaged 1.7 percent annually over the past three years more than double the national average. Abilene continues to draw new residents as a result of the historic shale oil boom in West Texas. The citys robust economy, warm climate and low cost of living were key factors for Forbes adding Abilene to its list of top 25 retirement destinations. Abilene has benefitted enormously from energy investment in the Permian Basin : recent figures from Texas Workforce Commission show a fantasticallylow unemployment rate of 4%and hundreds of job opportunities there. Average home prices in Abilene are $139,000 (national average is $207,000 ).
To capitalize on rising demand for real estate in counties surrounding the Permian Basin in West Texas, TAYO has been stocking its portfolio with prime properties located in and around Abilene . Through its real estate division, Third Avenue Development , TAYO signed a purchase agreement in November to acquireAbilene-based real estate broker White Buffalo Property SolutionsLLC to help facilitate deals in the region.
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 (NYSE:AMH), Silver Bay Realty Trust Corp. (NYSE:SBY), Equity Residential (NYSE:EQR), Essex Property Trust Inc. (NYSE: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 countrys top-performing housing markets in order to capitalize on the continued recovery and growth of the U.S. real estate marketplace. For more information, visitwww.ThirdAvenueDevelopment.com.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words believes, expects, anticipate or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyones past success, either financial or strategic, is no guarantee of success. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Taylor Consulting, Inc. Scott Wheeler , 713-840-6099 President and CEO info@tadcorp.com
Source: Taylor Consulting, Inc.
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