UCASU Closed Historical Landmark Acquisition and Hailed by Atlanta Preservation Center
July 08 2021 - 12:41PM
InvestorsHub NewsWire
Atlanta, GA -- July 8, 2021 -- InvestorsHub
NewsWire -- UC Asset LP (OTCQX:
UCASU) announces the company has closed the acquisition of
Rufus Rose House, the oldest historical building and cherished
landmark in downtown Atlanta, on July 07, 2021. UC Asset plans to
fully refurbish and restore the house to preserve its historic
legacy, and to work alongside city leaders and influencers to
promote the diverse and socially inclusive future of
Atlanta.
UC Asset’s plans were sanctioned by Atlanta
Preservation Center, a private non-profit preservation organization
founded in 1979 to promote the preservation of Atlanta's
architecturally, historically and culturally significant buildings,
neighborhoods and landscapes. Atlanta Preservation Center, along
with several other organizations concerned with the preservation of
Atlanta history, discussed collaborating with UC Asset prior to the
acquisition. On Wednesday, the day before closing of Rufus Rose
House acquisition, UC Asset’s management team and Atlanta
Preservation Center met to further discuss the upcoming restoration
plans.
“UCASU has committed to preserve this house, and
this represents the continued renaissance of downtown Atlanta
through visionary partnerships. The Atlanta Preservation Center is
very excited to participate with UCASU in seeing this part of our
city’s story both return and welcome future generations to
Atlanta,” says David Yoakley Mitchell, the center’s executive
director. “Rufus Rose House was our headquarter for years. That
adds yet another reason for my personal commitment to this
project.”
The Rufus Rose House is one of the oldest buildings
in metropolitan Atlanta, and currently the only standing Victorian
mansion in the central district. Known as the “Rose on Peachtree”,
the property is a late Victorian Queen Anne style home built in
1901 and nestled in the heart of the city. The stunning image of
the late Victorian red-brick house stands out against a backdrop of
modern steel-concrete skyscrapers on Atlanta’s busiest and most
famous street, Peachtree Street. The refurbished Rose on
Peachtree is posed to attract the attention of the 50-60 million
visitors/tourists to Atlanta every
year.
Rufus Rose house is listed on the National
Register of Historic Places (since 1977) and is designated as a
Landmark Building Exterior (since 1989) by the City of
Atlanta.
“We are working very hard to put together a plan
that will not only be loyal to history and beneficial to the
current community, but will also provide good investment return to
our shareholders.” Vowed Larry Wu, founder of UC
Asset.
About UC Asset
LP
UC Asset LP is a limited partnership formed for the
purpose of investing in real estate with value-added strategies,
concentrating in metropolitan areas of Atlanta, GA. For
more information about UC Asset, please visit: www.ucasset.com
Disclaimer:
This News Release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements involve known and unknown
risks, uncertainties and other important factors that could cause
our actual results, performance or achievements, or industry
results, to differ materially from any these statements. You are
cautioned not to place undue reliance on any those forward-looking
statements. Except as otherwise required by the federal securities
laws, we undertake no obligation to publicly update or revise any
forward-looking statements after the date of this news release.
None of such forward-looking statements should be regarded as a
representation by us or any other person that the objectives and
plans set forth in this News Release will be achieved or be
executed.
For More Information
Contact:
Christal Jordan | Investor Relations Director, UC
Asset LP
cjordan@ucasset.com |
678-499-0297
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