Wednesday, August 13, 2014

Taylor Consulting Sees Modular as Perfect Answer to Housing in Texas

In order to better market its growing portfolio of real estate assets in West Texas, Taylor Consulting, Inc. (OTCBB: 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.

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