Former US Congressman Kwanza Hall Joins UCASU Team
22 September 2021 - 11:15PM
InvestorsHub NewsWire
Former
US Congressman Kwanza Hall Joins UCASU Team
Atlanta, GA -- September 22, 2021 -- InvestorsHub NewsWire -- UC
Asset LP (OTCQX:
UCASU) announces that former US Congressman Kwanza Hall has
joined UC Asset's management team. Mr. Hall will lead, among other
initiatives, UC Asset's historic landmark program.
Hall was elected to complete civil rights icon John
Lewis' term in the 116th Congress to
represent Georgia's 5th district. He previously served as a member
of the Atlanta City Council from 2006-2017, representing the
Central Business District, Atlantic Station, Midtown, Home ,Park,
Candler Park, Castleberry Hill, Inman Park, Old Fourth Ward
and the Martin Luther King Historic District. Prior to his
election to City Council, he served on the Atlanta Board of
Education for two years. Before starting public service, Hall
worked as vice president of technology for GoodWorks
International, a human rights and public service consulting firm
co-chaired by Ambassador Andrew Young. He later became the director
of business development for MACTEC Engineering and Consulting, Inc.
Hall attended Massachusetts Institute of Technology, where he
studied political science.
"We are more than excited to welcome Mr. Hall on board," says
Larry Wu, founder of UC Asset. "UC Asset is founded on the belief
that the best real estate investment is to invest into community
growth. Mr. Hall has devoted his life to the service of citizens of
Atlanta, and one of his major contributions has been through the
revitalization of communities via real estate development. As our
business is currently concentrated in Atlanta, I cannot think of
any person more suitable than Mr. Hall to lead our historic
landmark program and other programs in this city."
Hall joined UC Asset shortly after it announced a 20% gain of
net equity over 12-month period by the year's end. The 20% net
equity gain translated into an increase of BVPS (book value per
share) from $1.29 to $1.54. The company is committed to a
number of innovative investment strategies to continue this
growth.
In July, UC Asset acquired an infamous historic site, the Rufus
Rose House located in downtown Atlanta. Hall will lead this
historic landmark program. "I look forward to working with UC Asset
as I share their vision of investment in the revitalization of one
of Atlanta's most precious historic assets," says Hall. "I am
grateful to lead this campaign to renovate the Rufus Rose House.
This historic landmark, sitting in the heart of the city, has
special meaning to me because it was one project that we did not
complete while I was elected. My goal is to use my influence to
rally support for this effort, from the immediate neighbors to the
broader city, state and national partners."
UC Asset is partnering with a third-party who will issue NFTs
(non-fungible tokens) to represent the art value of Rufus Rose
House. The company expects to receive a considerable amount
of fees from licensing the art value of Rufus Rose House to this
third party.
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
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