As TAYO, a sports consulting business, works to transition into the U.S. real estate market, the company is targeting smart acquisitions in top markets—especially distressed properties. RECon is a global convention for the shopping center industry, providing networking, deal-making and educational opportunities for retail real estate professionals from around the world.
With over 32,000 attendees and 1,000 exhibitors, the convention represents a potentially lucrative opportunity for TAYO to jumpstart its asset portfolio.
“With the housing market rebounding in the nation’s top markets, retail and shopping centers are sure to blossom wherever people are moving in,” said TAYO CEO Scott Wheeler. “This convention is a prime chance for us to reach out to retailers and developers from all over the country and discover what real estate they’re interested in buying and selling. The knowledge and connections we gain could be invaluable in building a portfolio of in-demand assets.”
TAYO will concentrate its initial acquisition efforts in the state of Texas, where the housing market is experiencing a boom due to a major increase in oil and gas drilling and exploration. The company is already in talks to acquire properties near the Cline Shale formation, believed by many experts to be one of the largest, most important oil plays in history.
TAYO has established a new division, Third Avenue Development Corp., that will focus on investing in potentially lucrative real estate assets to compete in a brisk market 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 Corp.
A division of Taylor Consulting, Inc. (TAYO), Third Avenue Development Corp. is building an emerging portfolio of real estate assets for rehabilitation and rent or 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.
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 anyone’s 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.
- Real Estate
- real estate
Scott Wheeler, 713-840-6099
President and CEO