UC ASSET LTD PRTNSHP UTS - UCASU STOCK NEWS

UC Asset LP (OTCQX: UCASU) announced a profitability projection for its first SHOC (shared home-office cluster) property during the Emerging Growth Conference on September 29, 2021. The company, which launched its Airbnb-based SHOC strategy in mid-2020, expects an Internal Rate of Return (IRR) of 30% - 36% over 60 months. This could lead to a fair market value of $3 million for the property. The management partner, an experienced Airbnb operator, conducted market research affirming these projections. The presentation will also discuss additional investment strategies.

UC Asset (UCASU) will present at the Emerging Growth Conference on September 29, 2021, introducing a new strategy for portfolio growth in real estate. This presentation marks the company's first public appearance in 12 months and follows a reported 20% gain in net equity, increasing book value per share from $1.29 to $1.54. Managing General Partner Greg Bankston will lead the session. The 30-minute presentation aims to engage investors, advisors, and analysts, highlighting innovative investment strategies, including Airbnb-based models. Registration is available online.

UC Asset LP (OTCQX: UCASU) has appointed former US Congressman Kwanza Hall to its management team, where he will lead the historic landmark program. Hall, who previously served on the Atlanta City Council and the Board of Education, is recognized for his contributions to community revitalization through real estate development. The company reported a 20% increase in net equity over the past year, boosting Book Value Per Share from $1.29 to $1.54. UC Asset recently acquired the historic Rufus Rose House, which Hall will oversee, while also partnering with a third party to issue NFTs representing the property's art value.

UC Asset LP (OTCQX: UCASU) reported a 20% increase in net equity, rising from $7.25 million to $8.67 million for the year ending June 30, 2021. Management adjusted its investment strategy to mitigate COVID-19 impacts, focusing on a bullish residential market and divesting properties at peak values. Cash reserves surged over 13 times, from $200,000 to $2.72 million, enabling strategic acquisitions like the Rufus Rose House in downtown Atlanta. New partnerships aim to double investment income through licensing art value via NFTs.

UC Asset, a real estate investment firm based in Atlanta, will hold a ribbon cutting ceremony on September 10, 2021, to commence the restoration of the historic Rufus M. Rose House, a Victorian mansion built in 1901. This property, the oldest in metropolitan Atlanta and listed on the National Register of Historic Places, was acquired earlier this summer. The company aims to preserve its legacy while fostering community development. Local leaders and advocates will join the event, and UC Asset plans to share future details regarding the project with a technology partner.

UC Asset LP (OTCQX: UCASU) announced its plan to form a council comprising community leaders to guide the restoration of the Rufus Rose House, Atlanta's oldest building. The initiative aims to enhance the property's historic and social significance. Furthermore, UC Asset will monetize the intangible values of the house by launching up to 1,000 NFTs, priced between $300 and $500, starting September 8. Executive Director Christal Jordan emphasized the vision for the property as a symbol of unity within the community.

UC Asset LP (OTCQX: UCASU) has filed an amendment to its 2020 annual report correcting a typographical error regarding net equity per share. The amendment confirms a net asset gain of $14,175 from operations, surpassing earlier projections. The corrected figures show net equity per share of $1.583 before dilution and $1.538 after dilution, marking increases of $0.06 and $0.01 from 2019. The company reported consolidated revenue of $4.53 million for 2020, a 55% rise from 2019, attributed to strategic portfolio management.

UC Asset LP (OTCQX: UCASU) will hold a ribbon-cutting ceremony on September 8, 2021, to commence the refurbishment of Rufus Rose House in downtown Atlanta. This significant project includes the launch of a sale for the first 1,000 NFTs, priced between $400 and $500 each, which represent the artistic and historical value of the property. The building's projected commercial value post-renovation is estimated between $4 million and $6 million. The initiative aims to provide opportunities for collectors while enhancing the property's value.

UC Asset LP (OTCQX: UCASU) released its delayed 10-K filing for fiscal year 2020, reporting a $14,175 net asset gain, surpassing prior loss projections. Despite earlier pandemic losses, management adjusted investments, exiting residential properties amid rising construction costs. Net equity per share increased to $1.594, down to $1.548 if fully diluted. Notably, 2019 income rose from $12,097 to $2.93 million post-subsidiary consolidation, with $4.53 million reported for 2020. This accounting change clarifies financial performance without altering operational realities.