ATLANTA, June 30, 2021 / PRNewswire / – UC Asset LP (OTCQX: UCASU) announces that it has signed the Rufus Rose House, the oldest historic building and treasured downtown landmark Atlanta, for a consideration of $ 1.65 million. The acquisition was made through UCASU’s wholly owned subsidiary, Atlanta Landsight LLC.
The Rufus Rose House is one of the oldest buildings in the metropolis Atlanta, and currently the only standing Victorian mansion in the central borough. Known as the Rose on Peachtree, the property is a 1901 late Victorian Queen Anne house in the heart of the city. The breathtaking image of the late Victorian brick house stands out against the backdrop of modern reinforced concrete skyscrapers Atlantas Busiest and most famous street, Peachtree Rd. The renovated Rose on Peachtree is said to attract the attention of 50-60 million visitors / tourists Atlanta each year.
Named after its builder, Dr. Rufus Mathewson Rose (1836-1910) who some people believe is the true founder of the famous Four Roses whiskey brand, the house has the original architecture of Emil Charles Seiz. The 5200 square foot rose house has five bedrooms, three bathrooms and 7-9 fireplaces. Commissioned as a museum by the Atlanta History Center until 1998, it contains furniture by Margaret Mitchell(the renowned author of “Gone with the Wind”) and among others the throne of the Ethiopian Emperor Haile Selassie.
Rufus Rose Home is listed on the National Register of Historic Places (since 1977) and is owned by the. referred to as Landmark Building Exterior (since 1989) City of Atlanta.
UCASU plans to fully refurbish and restore the Rose on Peachtree to preserve its historical legacy and to work with city guides and influencers to promote Atlanta’s diverse and socially inclusive future. Atlanta claims the country’s tenth largest economy; 18th place in the world with an estimated gross domestic product of over $ 324 billion. The airport of Atlanta is the busiest airport in the world and hosts over 110.5 million travelers a year, of whom 50-60 million are identified as visitors to the city.
“We have been hiring the previous owner for months and are very happy that we have finally achieved a price that is acceptable to both sides.” Says Greg Bankston, managing partner of UCASU. The building was last sold at $ 1 million in 2019 and was asked $ 2.5 million Early 2020.
About UC Asset LP
UC Asset LP is a limited partnership that was founded for the purpose of investing in real estate for development and redevelopment and focuses on metropolitan areas of. concentrated Atlanta, GA and Dallas, TX. More information about UC Asset can be found at: www.ucasset.com
Disclaimer:
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 cause our actual results, performance or achievements or the industry results to differ materially from these statements . You are cautioned not to place undue reliance on these forward-looking statements. Unless the federal securities laws require otherwise, 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
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