UCASU's first Airbnb property is
projected to yield 33% Internal Return Rate
Atlanta, GA -- September 28, 2021 -- InvestorsHub NewsWire -- UC
Asset LP (OTCQX:
UCASU) will release a projection on profitability of its first
SHOC("shared home-office cluster") property, in its pending
presentation at Emerging Growth Conference. The company launched
this Airbnb-based SHOC investment strategy in the second half of
last year, and had made its first SHOC investment at the end of
June 2021.
According to the management of UC Asset, it is finalizing an
agreement with an independent third-party management company, for
the latter to operate the SHOC property for the company. The third
party is a seasoned manager of Airbnb properties, currently
operating tens of Airbnb units in metro Atlanta. As a part of
the deal, the third party did market research on UC Asset's SHOC
property, and produced numbers in detail to project its operating
income.
"We are thrilled with the numbers provided by our management
partner," says Greg Bankston, managing general partner of UC Asset.
"Combining these numbers with our investment model, it is
reasonable to project that our first SHOC property will produce an
IRR (Internal Return Rate) between 30% - 36% , or 33% as its
midpoint, in a 60 month period of operation."
In other words, the fair market value of this property may reach
$3 million once it generates stable operating income, which may
occur in the third or fourth year since its acquisition. If so, the
company will see a 300% return on its investment within 5 years.
"We believe that we may reach such a great return rate, because
we have applied a unique criteria in selecting properties to build
our Airbnb-based SHOC portfolio," Explains Bankston. "We had done
adequate market research before we started investing in SHOC
properties, and the numbers by our independent partner, who has
in-depth expertise in Airbnb market, has verified our research
results."
For more information and discussion by UC Asset's management
about its SHOC strategy, and its other investment strategies,
please register to participate its on-line presentation at Emerging
Growth Conference, using this link: https://goto.webcasts.com/starthere.jsp?ei=1487780&tp_key=8c67ce781e&sti=ucasu
UC Asset's presentation is scheduled to take place on Wednesday,
September 29, 12:30 pm to 1:00pm Eastern time.
The company's presentation is expected to introduce another new
strategy to grow its portfolio in real estate and seek for higher
return, besides discussion of its current investment strategies
such as SHOC.
About UC Asset LP
UC Asset LP is a limited partnership
formed for the purpose of investing in real estate with innovative
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 | Executive Director, UC Asset LP
cjordan@ucasset.com |
678-499-0297