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UCASU Renews Partnership in Dallas Project to Increase Near-term Cash Income
UCASU Renews Partnership in Dallas Project to Increase Near-term Cash Income
Atlanta, Sept. 06, 2022 (GLOBE NEWSWIRE) -- UC Asset LP (OTCQX: UCASU) announced today that the company has renewed its partnership with Puration Inc. (OTC Pink: PURA) with regard to the development of 72-acre land in the metropolitan area of Dallas, Texas. The new partnership is formed with intention to increase near-term cash income for both UC Asset and Puration.
UC Asset sold the land to Puration about 2 years ago, and later entered into an LOI with Puration to co-develop the land into a medical plant cultivation project, including cannabis plants such as hemp.
"While this business plan is still promising, both UC Asset and our partner have recognized that it will become a long-term project under the current economic circumstance," says Greg Bankston, managing general partner of UC Asset. "Particularly, it requires larger capital commitment, which is costly to raise in today's capital market."
"Meanwhile, the land itself has become one of our most successful investments. Our initial purchase price was only $800,000. Now, a nearby property, of which the size is only one-quarter of ours, is listed at $1.4 million. We believe that the value of our property has appreciated to be above $2.0 million. And both UC Asset and Puration agree that we should take advantage of its value appreciation to increase our short-term revenue," declares Bankston.
If UC Asset and Puration can realize the estimated value appreciation of the property by the end of this year, it will represent over 16% compound annual return, or 25% simple annual return. UC Asset and Puration will work together to develop a plan that will maximize their profits, with a focus on generating short-term revenue.
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. 06, 2022 (GLOBE NEWSWIRE) -- UC Asset LP (OTCQX: UCASU) announced today that the company has renewed its partnership with Puration Inc. (OTC Pink: PURA) with regard to the development of 72-acre land in the metropolitan area of Dallas, Texas. The new partnership is formed with intention to increase near-term cash income for both UC Asset and Puration.
亚特兰大,9月2022年06日(Global Newswire)-UC Asset LP(OTCQX:UCASU)今天宣布,该公司已与Puration Inc.(OTC Pink:PURA)续签了在德克萨斯州达拉斯大都市区开发72英亩土地的合作伙伴关系。成立新的合作伙伴关系的目的是增加UC Asset和Purtion的短期现金收入。
UC Asset sold the land to Puration about 2 years ago, and later entered into an LOI with Puration to co-develop the land into a medical plant cultivation project, including cannabis plants such as hemp.
UC Asset在大约两年前将这块土地出售给Puration,后来进入了一份带有Purtion的意向书,共同开发该土地为一个药用植物种植项目,包括大麻等大麻植物。
"While this business plan is still promising, both UC Asset and our partner have recognized that it will become a long-term project under the current economic circumstance," says Greg Bankston, managing general partner of UC Asset. "Particularly, it requires larger capital commitment, which is costly to raise in today's capital market."
UC Asset的管理普通合伙人格雷格·班克斯顿表示:“虽然这份商业计划仍然前景看好,但UC Asset和我们的合作伙伴都认识到,在当前的经济环境下,它将成为一个长期项目。”“尤其是,它需要更大的资本承诺,这在当今的资本市场上筹集成本很高。”
"Meanwhile, the land itself has become one of our most successful investments. Our initial purchase price was only $800,000. Now, a nearby property, of which the size is only one-quarter of ours, is listed at $1.4 million. We believe that the value of our property has appreciated to be above $2.0 million. And both UC Asset and Puration agree that we should take advantage of its value appreciation to increase our short-term revenue," declares Bankston.
“与此同时,这块土地本身已经成为我们最成功的投资之一。我们最初的收购价只有80万美元。现在,附近的一处房产标价140万美元,面积只有我们的四分之一。我们相信我们的房产价值已经升值到200万美元以上。UC Asset和Puration都同意,我们应该利用它的增值来增加我们的短期收入,”班克斯顿宣称。
If UC Asset and Puration can realize the estimated value appreciation of the property by the end of this year, it will represent over 16% compound annual return, or 25% simple annual return. UC Asset and Puration will work together to develop a plan that will maximize their profits, with a focus on generating short-term revenue.
如果UC Asset and Puration能够在今年年底前实现物业的估计增值,将代表超过16%的复合年回报,或25%的简单年回报。UC Asset和Puration将共同制定一项计划,以最大限度地提高他们的利润,重点是产生短期收入。
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。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
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