Wall Street Journal echoes UCASU s new strategy that will reshape real estate
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ATLANTA, March 9, 2021 /PRNewswire/ UC Asset LP (OTCQX: UCASU) hails a Wall Street Journal article released over the weekend, which echoes UCASU s innovative business strategy to disrupt real estate industry.
This WSJ article, titled How Remote Work is Reshaping America s Urban Geography , focused on the emerge of Zoom Town across the country, which are smaller cities and communities turned into hubs for mobile professionals , i.e., the new generation of workforce who are working remotely a significant part of the time.
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ATLANTA, Dec. 29, 2020 /PRNewswire/ UC Asset (UCASU), an Atlanta-based global real estate investment firm, announced the company has invested initial capital of approximately $1 million into SHOC Holdings LLC, and appointed Greg Bankston, who currently serves as a managing member of UCASU s general partner, as CEO of SHOC. The company believes Bankston s twenty-year real estate background and knowledge of the city s history make him the ideal candidate.
SHOC, a wholly-owned investee of UCASU, will acquire and develop properties under UCASU s Airbnb-based innovative property investment strategy. The new strategy will focus on home office technology for traveling professionals. SHOC aims to capitalize on a new industrial trend, i.e., the switch of business travelers from conventional business hotel to shared accommodation via platforms such as Airnbnb and Vrbo. UCASU s management projects a $60 billion market in the coming years for this new