TAYO Acquires West Texas Real Estate Broker to Service Demands of Cline Shale Economic Growth

HOUSTON--()--Third Avenue Development, the real estate division of Taylor Consulting, Inc. (OTCBB:TAYO), signed a purchase agreement this week to acquire White Buffalo Property Solutions, LLC, a licensed West Texas real estate broker. The purchase is a major breakthrough for the company as it works to increase its footprint in the booming West Texas real estate market.

“Owning our own brokerage is going to put some powerful new marketing tools at our disposal”

A massive increase in energy exploration and recovery in the Permian Basin region has led to an explosive influx of workers, residents and commerce to West Texas and a need for affordable housing. By acquiring Abilene-based White Buffalo, TAYO will now have the benefit of an in-house, licensed brokerage in one of the nation’s hottest economic zones.

“Owning our own brokerage is going to put some powerful new marketing tools at our disposal,” said TAYO CEO Scott Wheeler. “Our first order of business will be leveraging White Buffalo’s extensive contacts to streamline our property acquisitions in the region and provide us with a first look at prime real estate targets and crucial exposure in the local marketplace.”

The Permian Basin, anchored by Midland and Odessa, has several shale plays that will likely produce more than 1.3 million barrels of oil per day by 2017, according to many oil industry experts. As a result, Texas’ population growth has averaged 1.7 percent annually over the past three years - more than double the national average.

Cline Shale

Texas is home to the Eagle Ford Shale in South Texas and Cline Shale in West Texas’ Permian Basin – two of the world’s largest unconventional resource plays expected to produce for decades. Cline Shale is an intensive oil and natural gas exploration and production region in the eastern shelf of the Permian Basin in West Texas – a multi-county region between Midland-Odessa, San Angelo and Abilene – estimated to bring 15 years of drilling activity and at least 30 years of oil production. The Permian Basin of West Texas and eastern New Mexico, which contains more than 5 billion barrels of proven oil reserves and estimates of 30 billion barrels of recoverable oil, outranks Alaska and the Gulf of Mexico as the top oil opportunity region in North America. The American Oil & Gas Reporter says commercial and residential real estate development is a key factor in successfully keeping up with the economic growth that comes with the boom in those areas.

Big Plans for ‘Big Country’

White Buffalo Property Solutions serves all 19 counties in “The Big Country” area of Texas in the west central part of the state from its centrally located homebase of Abilene, the largest city near the Cline Shale region. “An advantageous location near Cline Shale and the hometown roots of White Buffalo principal Kyle Tamez, who has extensive knowledge of Abilene and the surrounding area, are sure to be valuable assets in meeting the intense demand for residential and commercial real estate in the region. We are excited about the opportunities that await us in The Big Country.”

For more information, visit www.whitebuffalopropertysolutions.com.

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 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 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


Release Summary

TAYO Acquires West Texas Real Estate Broker to Service Demands of Cline Shale Economic Growth

Taylor Consulting, Inc.