TAYO Targets Prime Properties for Cannabis Industry’s Support Sector
By Business Wire News
By Business Wire News
As the historic growth of the U.S. cannabis industry leads to unprecedented demand for real estate by cannabis growers and retailers, Third Avenue Development – the real estate subsidiary of Taylor Consulting, Inc. (OTCBB: TAYO) – is working to acquire properties suited for use by the rapidly rising support sector springing up around the cannabis industry.
“From testing laboratories to manufacturing space, secure warehouses to industrial kitchens, there are a great deal of properties that are needed to service the quickly evolving cannabis sector,” said TAYO CEO Scott Wheeler. “This industry is about so much more than dispensaries and smoke shops. There are big profits to be made in rehabbing properties for this industry, and we are working hard to acquire the most promising real estate in Colorado and other cannabis-friendly states.”
Much of Third Avenue Development’s scouting has taken place in the Denver area, where the metro’s low industrial vacancy rate, coupled with the extraordinary demand for cannabis, has led to a rush to acquire property. The real estate boom shows no signs of slowing down, with the legal cannabis market projected to be valued at over $1 billion by 2016. TAYO is working toward a number of new acquisitions and partnerships in the Denver marketplace in order to bolster its nationwide real estate portfolio.
Third Avenue Development, a premier hybrid of real estate investment and development, plans to move forward with multiple potential acquisitions in Colorado and beyond in the coming weeks.
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 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.
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 future 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