TAYO Leadership Returns From Colorado With New Real Estate Acquisition Targets

HOUSTON, Feb 25, 2015 (BUSINESS WIRE) -- The executive leadership of Taylor Consulting, Inc. TAYO, +2.56% returned from a productive recent trip to Colorado with a new list of potential real estate targets in the state’s $700 million cannabis industry.

“We’re considering three properties for sale and one for rent, currently,” said TAYO CEO Scott Wheeler. “The lack of available real estate zoned for cannabusinesses in Colorado is astounding. The lack of space is the only thing holding this industry back from exploding.

“There is a lot of money to be made in Colorado developing real estate assets for use by the medical and recreational cannabis industry,” he added.

The market value of Colorado’s cannabis industry is expected by many experts to rise past $1 billion in the next two years. The rapid growth in demand for cannabis products in the state has caused a real estate rush as farmers and retailers snap up properly zoned land for cultivation and sales. The boom in interest has generated an unprecedented opportunity for real estate portfolio managers such as Third Avenue Development.

The company plans to move forward with multiple potential acquisitions in the state in the coming weeks.

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 and real estate 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.

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