Wall Street Journal echoes
UCASU's new strategy that will reshape real
estate
Atlanta, GA -- March 9, 2021 --
InvestorsHub NewsWire -- UC Asset LP (OTCQX:
UCASU) hails a Wall Street Journal
article
released over the weekend, which echoes
UCASU's innovative business strategy to disrupt real estate
industry.
This WSJ article, titled "How Remote Work is
Reshaping America's Urban Geography", focused on the emerge of
"Zoom Town" across the country, which are smaller cities and
communities turned into hubs for "mobile professionals", i.e., the
new generation of workforce who are working remotely a significant
part of the time.
The article's
statement
that "Remote work
severs the age-old connection between where people live and where
they work" confirms the vision of UCASU's
management. Larry Wu, founder of UC Asset, claims that "this is exactly
the concept which
we have been
promoting for months".
The WSJ article goes on to state:
"For most of
history, people literally worked where they lived, on farms and in
ground-floor workshops, or at most a short walk away. With the
advent of subways, commuter trains and the automobile, the distance
between home and the workplace expanded…the rise of remote work
changes that equation."
UCASU's new business
model, namely SHOC
(standing for "Shared Home-Office
Community"),
is based on exactly the same trend. According to
UCASU's
business plan, SHOC is a revolutionary concept
of futuristic community, which will combine residential and
commercial spaces, and bring back the lifestyle that human beings
have always enjoyed till the industrial age, i.e., to live where
they work.
"Communities in which people
live where they work, is more efficient, more environmental,
probably more productive, and, more human." Says Wu.
In the initial phase, SHOC will
replace a large part of conventional hotels. SHOC properties will
be built as residential houses with each bedroom designed as an
individual business lodge equipped with office capabilities.
The home-office
focused spaces will be rented out to business travelers as an
alternative to conventional hotels, selling on platforms such
as Airbnb,VRBO or through corporate
partnerships.
According to the WSJ report, as
much as a quarter of the 160-million-strong U.S. labor force is
expected to stay fully remote in the long term, and many more are
likely to work remotely a significant part of the time. "When
people work remotely, they will travel differently. Conventional
hotels will not be able to meet the challenges of next generation
business travelers who are so-called mobile
professionals." Declares Wu, "Conventional
hotels will be taken over by technology driven shared-accommodation
spaces like SHOC, similar to that conventional
taxi businesses have been taken over by shared-ride companies like
Uber and Lyft."
From investors' point of view,
SHOC (Share-Home Office Community) is a systemic approach to
property value-adding investment. It will add cash income on
top of the value gain of house renovation and will likely
improve the total ROI to remarkably higher than market average. "In
real estate, you can only make so much if you simply buy and hold.
But if you also have a successful business model to run those
properties, you are on the path to create the next McDonald, which
is a real estate empire built on a successful business model." Wu
elaborates.
"Last month, major travel media
Skift.com featured us in its front-page story. Now Wall Street
Journal story echoes our position." Says Christal Jordan, Investor
Relations director of UC Asset, "We feel very encouraged that our
vision is shared among more and more industry leaders."
The entire article from Wall
Street Journal can be viewed at:
https://www.wsj.com/articles/how-remote-work-is-reshaping-americas-urban-geography-11614960100
About UC Asset:
UC
Asset LP is a limited partnership formed for the purpose of
investing in real estate for development and redevelopment,
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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