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UCASU Announces Exclusive Partnership for Airbnb-based Project up to $50 Million
UCASU Announces Exclusive Partnership for Airbnb-based Project up to $50 Million
Atlanta, Sept. 01, 2022 (GLOBE NEWSWIRE) -- UC Asset LP (OTCQX: UCASU) announced today that the company has entered an exclusive partnership to develop properties specifically designed to be operated as "short rentals", most likely via online platforms such as Airbnb and Vrbo. The first project aims to develop 10 to 50 such units, for a total value up to $50 million.
The new project will be pursued under an exclusive partnership between UC Asset and a renowned local non-for-profit, with headquarters in Atlanta, Georgia, with nation-level exposure. One of the missions of the non-for-profit is to increase home ownership among disadvantaged groups, including ethnical minorities, returning citizens, economically challenged families, and young people with limited credit history.
"Airbnb, and other short-term home rentals, have been blamed for lower home ownership in certain areas, because people believe that short rentals are responsible for driving up rental prices and reducing the availability of houses, particularly affordable houses," explains Larry Wu, founder of UC Asset. "But there is no reason that Airbnb and affordable housing options should conflict with one other. We have created an innovative business model, that will increase homeownership among disadvantaged groups, while providing more properties into the short-term rental market."
UC Asset has been developing its investment strategy surrounding short rental properties since the end of 2020. Its first short-rental property, also located in downtown Atlanta, has been under development by its wholly-owned subsidiary SHOC Holdings LLC, and is expected to be put into operation by the end of this year.
The new partnership with the Atlanta-based nonprofit, Wu believes, will expand the resources accessible to the company, and is projected to lead to greater success with its new Airbnb-based property investment.
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:
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: IR@UCasset.com
Atlanta, Sept. 01, 2022 (GLOBE NEWSWIRE) -- UC Asset LP (OTCQX: UCASU) announced today that the company has entered an exclusive partnership to develop properties specifically designed to be operated as "short rentals", most likely via online platforms such as Airbnb and Vrbo. The first project aims to develop 10 to 50 such units, for a total value up to $50 million.
亚特兰大,9月环球通讯社2022年1月1日-UC Asset LP(场外交易市场代码:UCASU)今天宣布,该公司已进入独家合作伙伴关系,将开发专门用于“短租”的物业,最有可能通过爱彼迎和VRBO等在线平台运营。第一个项目旨在开发10到50个这样的单元,总价值高达5000万美元。
The new project will be pursued under an exclusive partnership between UC Asset and a renowned local non-for-profit, with headquarters in Atlanta, Georgia, with nation-level exposure. One of the missions of the non-for-profit is to increase home ownership among disadvantaged groups, including ethnical minorities, returning citizens, economically challenged families, and young people with limited credit history.
新项目将在UC Asset和当地一家著名的非营利组织之间的独家合作伙伴关系下进行,总部设在佐治亚州亚特兰大,具有国家级的曝光率。非营利组织的使命之一是增加弱势群体的住房拥有率,包括少数民族、返乡公民、经济困难家庭和信用记录有限的年轻人。
"Airbnb, and other short-term home rentals, have been blamed for lower home ownership in certain areas, because people believe that short rentals are responsible for driving up rental prices and reducing the availability of houses, particularly affordable houses," explains Larry Wu, founder of UC Asset. "But there is no reason that Airbnb and affordable housing options should conflict with one other. We have created an innovative business model, that will increase homeownership among disadvantaged groups, while providing more properties into the short-term rental market."
UC Asset创始人拉里·吴解释说:“爱彼迎和其他短期房屋租赁被指责为某些地区住房拥有率下降的罪魁祸首,因为人们认为短期租赁推高了租金价格,导致房屋供应减少,尤其是经济适用房。”但爱彼迎和保障性住房选择没有理由相互冲突。我们创造了一种创新的商业模式,将增加弱势群体的住房拥有率,同时向短期租赁市场提供更多房产。
UC Asset has been developing its investment strategy surrounding short rental properties since the end of 2020. Its first short-rental property, also located in downtown Atlanta, has been under development by its wholly-owned subsidiary SHOC Holdings LLC, and is expected to be put into operation by the end of this year.
UC Asset自2020年底以来一直在围绕短租物业制定投资战略。该公司的第一个短租物业也位于亚特兰大市中心,目前正由其全资子公司SHOC Holdings LLC开发,预计将于今年年底投入运营。
The new partnership with the Atlanta-based nonprofit, Wu believes, will expand the resources accessible to the company, and is projected to lead to greater success with its new Airbnb-based property investment.
吴认为,与总部位于亚特兰大的非营利组织的新合作伙伴关系将扩大该公司可获得的资源,并预计将导致其在爱彼迎的新房地产投资取得更大成功。
About UC Asset LP
关于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:
UC Asset LP是一家有限合伙企业,旨在以创新战略投资房地产,集中在佐治亚州亚特兰大的大都市地区。有关UC Asset的更多信息,请访问:
Disclaimer:
免责声明:
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.
本新闻稿包含符合1995年私人证券诉讼改革法的前瞻性陈述。这些前瞻性陈述涉及已知和未知的风险、不确定性和其他重要因素,这些风险、不确定性和其他重要因素可能导致我们的实际结果、业绩或成就或行业结果与这些陈述大相径庭。告诫您不要过度依赖任何这些前瞻性陈述。除非联邦证券法另有要求,否则我们没有义务在本新闻稿发布之日后公开更新或修改任何前瞻性陈述。任何此类前瞻性陈述都不应被我们或任何其他人视为本新闻稿中规定的目标和计划将会实现或执行的陈述。
For More Information Contact: IR@UCasset.com
详情查询,请联系:ir@UCasset.com
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在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
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