UC Asset (OTCQX: UCASU) projects above-average growth of its real estate portfolio in Atlanta, GA and Dallas, TX, in comparison to the local market average in accordance to S&P/Case Shiller Home Price Index of the same metro areas.
"After adjusting the change of our position in cash and short-term debt investment, our real estate portfolio achieved a moderate growth in the past 12 months, which considerably outperforms the average market performance in either Atlanta or Dallas for the same period, when using S&P/Case Shiller as the benchmark," said Greg Bankston, manager UC Asset’s general partner.
The S&P/Case-Shiller Home Price Indices are the leading measures of U.S. residential real estate prices, tracking changes in the value of residential real estate both nationally as well as in 20 metropolitan regions. The company uses its Atlanta and Dallas indices published by Federal Reserve Bank of St. Louis.
The benchmarking uses S&P/Case-Shiller Home Price Indices for the 12 month period from October 2019 to October 2020. The result may vary if the calendar year data of S&P/Case-Shiller, which is not available at this moment, will be used.
The growth of UC Asset’s real estate portfolio is based on appraisals and assessments of its property’s market valuation, which were either conducted or reviewed by independent and licensed third parties. The results are not audited and will be subject to auditing. Results may substantially vary between the final audited numbers and the unaudited numbers.
"The year of 2019 was not our best year, yet we pushed through a number of obstacles, both financial and regulatory, managed to get our shares approved to be traded on OTCQX, and maintained a moderate growth of the value of our portfolio," says Greg Bankston, Managing Partner, UC Assets. "We are applying an upgraded strategy of investment because our shares are now publicly traded. We project that our performance will be remarkably improved in the year of 2020."
On a separate note, UC Asset announced that a technical issue regarding the trading of its shares had been successfully resolved, and the trading of its share had been restored, by 3 PM of the last trading day, which was January 17, 2020.
"Once again we are sorry for any inconveniences caused to investors and shareholders. We are grateful that the matter had a prompt solution thanks to the coordinated efforts between all involved parties," says Larry Wu, UC Asset founder.
About UC Asset LP
UC Asset LP is a limited partnership formed for the purpose of investing in real estate for development and redevelopment, concentrating in metropolitan areas of Atlanta, GA and Dallas, TX. For more information about UC Asset, please visit: www.ucasset.com
Christal Jordan, 678-499-0297