Wall Street Journal echoes UCASU’s new strategy that will reshape real estate
ATLANTA, March 9, 2021 / PRNewswire / – UC Asset LP (OTCQX: UCASU) welcomes an article published over the weekend in the Wall Street Journal that reflects UCASU’s innovative business strategy to disrupt the real estate industry.
This WSJ article, titled “How Remote Working Is Changing America’s Urban Geography,” focused on the emergence of “Zoom Town” across the country, which are smaller towns and cities that have become hubs for “mobile professionals,” ie for the new generation of workers who work remotely for a significant portion of the time.
The article’s statement that “remote working cuts the age-old link between people’s homes and workplaces” confirms the vision of UCASU management. Larry Wu, Founder of UC Asset, claims that “this is exactly the concept we’ve been promoting for months”.
The WSJ article goes on to say, “For most of history, people literally worked where they lived, on farms and in workshops on the ground floor or at most a short walk away. With the advent of subways, local trains and the car. The distance between home and work has increased. The increase in remote work changes that equation. ”
UCASU’s new business model, SHOC (stands for “Shared Home Office Community”), is based on exactly the same trend. According to UCASU’s business plan, SHOC is a revolutionary concept of a futuristic community that combines residential and commercial spaces and brings back the lifestyle that people have always enjoyed until the industrial age, i.e. living where they work.
“Communities where people live where they work are more efficient, greener, probably more productive and more humane.” Says Wu.
In the initial phase, SHOC will replace a large part of the conventional hotels. SHOC properties are built as residential buildings, with each bedroom being designed as an individual business lodge with office functions. The home office-oriented rooms are rented out to business travelers as an alternative to conventional hotels and sold on platforms such as Airbnb, VRBO or through corporate partnerships.
According to the WSJ report, up to a quarter of the 160 million US workforce is expected to remain completely remote in the long term, with many more likely to work remotely for a significant portion of the time. “When people work remotely, they travel differently. Traditional hotels will not be able to cope with the challenges of next-generation business travelers who are so-called mobile professionals.” Wu explains, “Conventional hotels are being taken over by technology-driven shared apartments like SHOC, much like traditional taxi companies have been taken over by shared-ride companies like Uber and Lyft.”
From an investor’s point of view, SHOC (Share Home Office Community) is a systemic approach to real estate investments. It will add cash income on top of the added value of the home renovation and likely improve the overall ROI to well above the market average. “The only way to make so much in real estate is to just buy and hold. But if you also have a successful business model to run these properties, you’re on the way to creating the next McDonald’s that’s a real estate empire on.” successful business model. “Wu works out.
“Last month, the major travel media featured Skift.com in their cover story. Now the Wall Street Journal story reflects our position.” Christal Jordan, UC Asset’s Investor Relations Director, said, “We are very encouraged that our vision is being shared by more and more industry leaders.”
The entire article from the Wall Street Journal can be viewed at https://www.wsj.com/articles/how-remote-work-is-reshaping-americas-urban-geography-11614960100
About UC Asset:
UC Asset LP is a limited partnership established for the purpose of investing in real estate for development and redevelopment, focusing on metropolitan areas of Atlanta, GA. More information about UC Asset can be found at: 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 affect our actual results, performance or achievement or the industry results that materially Statements differ. You are cautioned not to place undue reliance on these forward-looking statements. Unless otherwise required by federal securities laws, we assume 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 an assurance by us or any other person that the goals and plans set out in this press release will be achieved or carried out.
For more information contact:
Christal Jordan | Investor Relations Director, UC Asset LP
[email protected] | 678-499-0297
SOURCE UC Asset LP