Jordyn Taylor Considering Adding Locations in View of Continuing South Florida Real Estate Boom.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla. -- Jordyn Taylor Properties, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :JTPI). According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. estimates just released for the 2005 tax rolls from local tax appraisers' offices, Miami-Dade, Broward and Palm Beach counties have a combined $429.1 billion in taxable property, up 15 percent or $56 billion from 2004. "There is no indication of values slowing," says Jordyn Taylor's Founder/Broker-of-Record, Terry McManus. "We recently listed a two family home in a working class community, which would not have commanded more than $100,000 just four years ago, and received two full price offers of $259,900 within one day of listing. The desire of the local, national, and international community to own real estate in South Florida is unbelievable. I have lived in South Florida for over 30 years, and the migration has always been strong, but the past three years makes it difficult for those outside to appreciate the demand." Recently it has been reported by local media that the average home price is in the mid-300's in Broward and Palm Beach counties. However, when you look at single family detached homes listed for sale in Metro West This article or section contains information about expected future buildings or structures. Some or all of this information may be speculative, and the content may change as building construction begins. Palm, there are less than 1200 homes currently listed for under $400k, and greater than 2200 for over $400k. Metro Boca Raton is even more dramatic with only about 500 houses listed for under $400k and more than 1700 over $400k. "The continued real estate price inflation in South Florida is resulting in a shortage of low or mid-end housing and forcing the massive growth to expand into other areas of Florida," JTPI CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. William Luckman commented. "Rents have nearly doubled, and the infrastructure, schools, hospitals, etc. seem to be bursting at the seams. We believe that this trend will cause continued expansion into the rest of Florida. Jordyn Taylor is currently planning to open offices to the north of our furthest retail location in Jupiter. By year's end, we are considering one or all of the following 'Central Florida' locations: Palm Bay, Port Saint Lucie Port Saint Lucie (l `sē), city (1990 pop. 55,866), St. Lucie co., central E Fla., on the St. Lucie River; inc. 1961. , Fort Pierce, Stuart and Palm City. Many outsider buyers want a local's opinion, which we are uniquely qualified to be. We show landlords/speculators the right way to buy, hold and sell real estate. In the past four years we have done that over 30,000 times, and I doubt if there is a locally owned company that can make that claim," Mr. Luckman continued. "Jordyn Taylor Properties is the expert in residential real estate investing Real estate investing involves the purchase of real estate for profit. Profits are accumulated slowly by renting out properties in a cashflow method, or are generally improved and resold for a capital gain. in Florida. We earn no fees without a closed, facilitated transaction. Our fee is contingent on the landlord/speculator achieving their goal of buying, leasing or selling real estate." About Jordyn Taylor Properties, Inc. Jordyn Taylor Properties, Inc. is a full service Real Estate Broker that specializes in residential landlord services. JTPI, established in 1998, has quickly become one of South Florida's fastest growing real estate companies, successfully opening 12 locations and completing nearly 30,000 real estate transactions. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements, other than statements of historical facts, contained in this release which are not historical facts may be determined to be forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the Company's products and services, the availability to the Company of adequate financing to support its anticipated activities, the ability of the Company to generate cash flow from operations Cash flow from operations A firm's net cash inflow resulting directly from its regular operations (disregarding extraordinary items such as the sale of fixed assets or transaction costs associated with issuing securities), calculated as the sum of net income plus noncash expenses and the ability of the Company to manage its operations. |
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