UCASU
introduced Cannabis property investment
Atlanta, GA -- September 30, 2021 -- InvestorsHub NewsWire -- UC
Asset LP (OTCQX:
UCASU) introduced its Cannabis property investment strategy
yesterday during the Emerging Growth Conference. According to the
company presentation, Cannabis properties, combined with the
company's current investments in Airbnb-based SHOC properties and
historic landmark properties, will be major building blocks in its
portfolio over the coming years.
Cannabis properties are among the most profitable properties in
the past years. On the stock market, it is the best
performing of all sectors of cannabis business. For example,
Innovative Industrial Properties (NYSE: IIPR), the first NYSE
public company providing real estate capital to the medical-use
cannabis industry, and Power REIT (NYSE: PW), a specialized REIT
focused on expanding its real estate portfolio of greenhouse
properties for food and cannabis cultivation, both have had
extraordinary performances. Last month on OTCQX (where UCASU stocks
are quoted), Cannabis REIT New Lake Capital Partners (OCTQX: NLCP)
closed on its IPO raising $102 million.
"UC Asset invested in Cannabis-related business back in 2016,"
says Greg Bankston, managing general partner of UC Asset, "but we
exited those investments before our IPO in 2018, out of concern of
the risks regarding federal regulations. However, recent
demographic and political changes in Georgia (where we are based),
and in neighboring states, are in favor of deregulation of the
cannabis industry. The recent addition of former US Congressman
Kwanza Hall to our team enhances our ability in managing risks
of regulations. That's why we believe it is a great timing for us
to re-enter this sector."
Late last year, UC Asset entered a deal converting its farmland
in Dallas, TX to a medical agriculture project. The firm partnered
with a local company in Cannabis Extractions Sector, with a product
line of CBD infused bottled water products. Now, UC Asset is
seeking to expand its investment in hemp and medical-use cannabis
properties.
During the Emerging Growth Conference, UC Asset also discussed
additional elements of its portfolio, including Airbnb-based
SHOC properties and historic landmark properties. UC Asset
projected its first Airbnb property will reach 30-36% IRR over a
5-year period; and its pilot historic landmark investment, the
Rufus Rose House in the heart of downtown Atlanta, may produce an
extra 50% to 100% return in the next 12 months, if its NFT
(non-fungible token) based strategy works according to plan.
"Overall, we are an innovative company, aiming to build the most
innovative portfolio in real estate investment," says Larry Wu,
founder of UC Asset. "The world is changing. Economic and financial
situations are changing, and new technologies are redefining how
people live, work and travel and therefore redefining the concept
of property. Whoever can monetize on these new trends will become
the next market-leader of real estate investments. And we are
inspired to become such a leader."
Full script of UC Asset's presentation can be downloaded from
its official website: www.ucasset.com.
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