UCASU to Form Council of
Community Leaders to Advise Landmark Renovation
Atlanta,
GA -- August 19, 2021 -- InvestorsHub NewsWire -- UC Asset LP
(OTCQX:
UCASU) announced today that
the company will
form a council
of
community leaders from
diverse
backgrounds to support its
newly
acquired
Rufus Rose House.
The council
will
advise on the restoration as well as the future use of Rufus Rose
House, the oldest building in downtown Atlanta, and is officially
recognized as a national Historic Place and a Landmark Building of
the city.
"We
are
committed
to refurbishing the Rufus Rose House to its
proud original state,"
says Christal
Jordan,
Executive
Director, UC
Asset. "Our
long
term vision
is
for
the property
to
serve
as a reminder of Atlanta's
rich history, while pushing the
city towards
an even more inclusive community. We
look forward to welcoming a
diverse group of leaders from various sectors in the city
including: politics, business, education, art, fashion, music and
much more to our
2021 Rufus Rose Council.
Together
we will make the restoration of the property a symbol of unity,
commitment and achievement for the people of Atlanta,"
says
Jordan.
"When
we
acquired Rufus Rose House, we envisioned its investment
value was
mostly
in its historic and social values,
beyond
its tangible
value
as a
piece of commercial property," explains Greg Bankston, managing
general partner of UC Asset. "Yes,
the property has great
commercial value. It is in
a
great location, right in the heart of downtown Atlanta, and only
one block away from the tallest building in the city, the Bank of
America Tower. With that said, the commercial value of a piece of
property has limits;
tied
to the rent cashflow it may generate. But we realize
the
intangible value in its historic, artistic and social traits is
limitless. We will work to improve its historic and social values
and will apply innovative business models to monetize
these values."
Earlier
this summer, UC Asset announced plans to monetize the
intangible
values of the
Rufus Rose house in conjunction with a
technology partner to create and sell NFTs (non-fungible tokens) ,
which will contain licenses to use certain intangible rights
of the
property. Those NFTs will be based on crypto-currency Ethereum and
block chain technologies. UC Asset expects that its
technology partner will issue up to 1,000 NFTs at $300 to $500 per
token, in its first sale campaign, which will launch
on
September
8th.
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 |
Executive Director, UC Asset LP
cjordan@ucasset.com |
678-499-0297