UC Asset announced that it has been granted a permit by the city of Atlanta to start the first phase of renovations on the historic Rufus Rose House. “We’ve been looking forward to starting the restoration process,” says Greg Bankston, managing general partner of UC Asset. “Under this permit we will repair the power lines and install a temporary power pole. This will enable us to restore electricity to the property and provide the basic.” 

The Rufus Rose House is one of the oldest buildings in metropolitan Atlanta, and currently the only standing Victorian mansion in the central district. Known as the "Rose on Peachtree", the property is a late Victorian Queen Anne style home built in 1901 and nestled in the heart of the city.  The refurbished Rose on Peachtree is posed to attract the attention of the 50-60 million visitors/tourists to Atlanta every year. Rufus Rose house is listed on the National Register of Historic Places (since 1977) and is designated as a Landmark Building Exterior (since 1989) by the City of Atlanta.

UCASU plans to fully refurbish and restore the Rose on Peachtree to preserve its historic legacy, and to work alongside city leaders and influencers to promote the diverse and socially inclusive future of Atlanta. 

Last year, former mayor Kasim Reed hosted a ribbon-cutting ceremony at Rufus Rose House to celebrate its new ownership. Later, former US Congressman Kwanza Hall joined UC Asset’s management. While Mr. Hall has entered into the race for Lieutenant Governor of the State of Georgia earlier this year, he has continuously led UC Asset's historic landmark program, including the Rufus Rose House project.