Atlanta, GA, May 11, 2022 (GLOBE NEWSWIRE) — At a time when many financial analysts are predicting an impending recession, global real estate firm UC Asset (OTCQX: UCASU) is pleased to reaffirm that the company is well positioned to provide earnings growth over the next few years.
“We are of course hopeful against the recession predicted by many financial analysts,” says Larry Wu, founder of UC Asset, “but we are relieved that due to our forward-thinking strategy of building the most innovative real estate portfolio, our portfolio is recession proof in many ways.
UC Asset has moved away from conventional investment strategies in recent years. “The conventional real estate strategy is sensitive to interest rates. It generally works better when the interest rate is falling,” says Wu. In such an environment, the management of the real estate portfolio has evolved to adopt these conventional strategies. However, when interest rates are close to zero, this will inevitably usher in a new era of upward movement in interest rates. Therefore, we believe that real estate portfolio managers should adopt new and innovative strategies. »
In 2020, UC Asset changed its portfolio allocation strategy and exited most of its investments in residential real estate. At the end of 2021, the company had abundant cash. “Our strong cash position allows us to maximize the opportunities that will undoubtedly arise over the next few months,” says Wu.
In 2021, UC Asset invested in trending property concepts, such as Airbnb properties, and historical landmarks using NFT (non-fungible token) development. At the peak of the fourth quarter of 2021, the company announced that cannabis properties would be the main growth point for portfolio allocation over the next 12 to 24 months. UC Asset plans to invest $10 million to $50 million in high-yielding cannabis properties, contingent on successful capital raising.
“Currently, there are very few public companies investing in cannabis properties,” says Greg Bankston, managing partner of UC Asset. “According to publicly available data, their investments typically earn an annual return of 18% to 20%. The cash return could be higher. Based on several pilot projects we are currently working on, our performance on cannabis properties will likely fall within this range.
“We are very pleased with what we have been able to offer our shareholders so far. We have also been able to take advantage of new corporate initiatives in a way that allows us to foresee immense potential growth if things continue to progress as they have over the next few months. Our next step is to move to NYSE American or NASDAQ Small cap with a secondary public offering of around $10-30 million,” Banskton projects. “We are confident that this target is achievable by the end of the year or in the first half of 2023.”
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.
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 to be affected, or industry results, differ materially from these statements. You are cautioned not to place undue reliance on these forward-looking statements. Except as required by federal securities laws, we undertake 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 anyone else that the objectives and plans set forth in this press release will be achieved or executed.
For more information contact:
Christian Jordan | Executive Director, UC Asset LP
[email protected] | 678-499-0297