UCASU introduced real estate investing in cannabis

ATLANTA, September 30, 2021 UC Asset LP (OTCQX: UCASU) yesterday presented its cannabis real estate investment strategy at the Emerging Growth conference. According to the company’s presentation, cannabis properties, combined with the company’s current investments in Airbnb-based SHOC properties and iconic historic properties, will be the main building blocks of its portfolio over the next several years.

Cannabis properties are among the most profitable properties of recent years. On the stock market, it is the best performing of all sectors of the cannabis trade. For example, Innovative Industrial Properties (NYSE: IIPR), the first NYSE public company to provide real estate capital to the medical cannabis industry, and Power REIT (NYSE: PW), a specialist 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 shares are listed), Cannabis REIT New Lake Capital Partners (OCTQX: NLCP) closed its IPO $ 102 million.

“UC Asset invested in cannabis-related businesses in 2016,” says Greg Bankston, Managing Director of UC Asset, “but we abandoned these investments prior to our IPO in 2018 for fear of the risks associated with federal regulations. However, recent demographic and political changes in Georgia (where we are based), and in neighboring states, are in favor of deregulating the cannabis industry. The recent addition of former US Congressman Kwanza Hall to our team enhances our ability to manage regulatory risk. This is why we believe that this is the ideal time to re-enter this sector. “

At the end of last year, UC Asset entered into an agreement to convert its farmland into Dallas, Texas to a medical agriculture project. The company has partnered with a local cannabis extractions business with a line of CBD-infused bottled water products. Now UC Asset is looking to expand its investment in the properties of hemp and medical cannabis.

During the Emerging Growth conference, UC Asset also discussed additional elements of its portfolio, including Airbnb-based SHOC properties and iconic historic properties. UC Asset has forecast that its first Airbnb property will achieve 30-36% IRR over a 5-year period; and its historic pilot investment, the Rufus Rose House in the heart of downtown Atlanta, can produce an additional 50% to 100% return over the next 12 months, if its NFT (Non-Fungible Token) -based strategy works as expected.

“Overall, we are an innovative company, aiming to build the most innovative portfolio in real estate investing,” says Larry wu, founder of UC Asset. ” The world changes. Economic and financial situations are changing, and new technologies are redefining the way people live, work and travel and therefore are redefining the concept of property. Whoever can monetize on these new trends will become the next leader in the real estate market. investments. And we are inspired to become such a leader. “

The 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, focusing in the metropolitan areas of Atlanta, GA. For more information on UC Asset, please visit: www.ucasset.com

Disclaimer:

This press 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 those statements. You are cautioned not to place undue reliance on these forward-looking statements. Except as otherwise provided by federal securities laws, we assume no obligation to publicly update or revise any forward-looking statements after the date of this press release. None of these forward-looking statements should be taken as a representation by us or any other person that the objectives and plans set forth in this press release will be achieved or executed.

For more information, contact:
Christal jordan | Executive Director, UC Asset LP
[email protected] | 678-499-0297

SOURCE UC Asset LP

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