Real Estate

Ucasu - Uc Asset Closes $1.3M Sale Of 72-acre Texas Property | Benzinga

by benzinga.com posted 7months ago 36 views
ATLANTA, Nov. 6, 2020 /PRNewswire/ -- UC Asset (OTCQX:UCASU), a real estate investment and redevelopment company, today announced closing the $1.3 sale of a 72-acre farmland parcel located in Farmersville, TX. Puration, Inc. (OTC:PURA), a lifestyle brand company, acquired the property in conjunction with a new business strategy. The 72-acre sale generates an approximate 55% gross rate of return for UC Asset on the original $805,216 investment in the property acquired in 2016. The sale also contributes resources to UC Asset's new SHOC strategy (pronounced "shock" is an acronym for Shared Home - Office Cluster).

In this article