Beverly Hills, California, July 30, 2021 (GLOBE NEWSWIRE) – Hubilu Venture Corporation (the “Company”) (OTC PINK: HBUV), a publicly traded real estate, asset management and business acquisition consulting firm that specializes in attracting students. Housing Income Real Estate and Development / Business Opportunities located near USC and metro stations in the Los Angeles area have expanded their housing criteria to include properties desired by nonprofits that provide temporary housing. These organizations are funded by both private individuals and the government and help to combat the consequences of homelessness, poverty, mental and physical illness, abuse and drug addiction, as well as provide assistance to create a safe home and get people back to work. Hubilu currently works with award-winning organizations including PATH (People Helping the Homeless), Covenant House, Los Angeles LGBT Center, Sanctuary of Hope, People Concern, St Josephs. Hubilu announced today that it has acquired, through its subsidiary Sunza Investments, LLC, the 17th property located at 4021 Halldale Avenue, Los Angeles. This property fits perfectly into the company’s target market, within walking distance of the University of Southern California for off-campus students and just a short walk from the Expo / Western Subway Station. The hotel is close to LA Live, the Staples Center and the Los Angeles Convention Center, and a short subway ride from DTLA, now a new entertainment, nightlife and shopping center for UCC students. It is also within walking distance of Exposition Park, home to the Los Angeles Memorial Coliseum and Banc of California Stadium, the Natural History Museum, the California Science Center and the new George Lucas Star Wars Museum.
David Berend, CEO of Hubilu, commented on HBUV’s latest acquisition. “4021 Halldale is both a USC and a temporary housing complex. The property was purchased at “last year” turnkey prices and one of our clients indicated that they are ready to sign a 3-year lease. We continue to actively seek out objects for our portfolio and invite investors to fund our further growth. “
About Hubilu Venture Corporation: Based in Beverly Hills, California, Hubilu Venture Corporation, a real estate, asset management and acquisition consulting corporation, is executing its business plan, which, in addition to advising real estate companies, seeks to acquire student housing. and business opportunities in niche markets on the University of Southern California campus and city metro expansion, fueled by the development of the Los Angeles metro / subway system. Hubilu, inspired by Strategic growth through smart enterprises, which focuses on high-growth real estate acquisitions and business opportunities that it believes are recession-resistant and have limited downside risk, but offer upside potential in the form of capital appreciation and cash flows.
Forward-looking statements. This press release contains forward-looking statements, within the meaning of federal securities laws, concerning the future performance of our business, its operations, its financial performance and condition, as well as potential select proposals, presented without the context of related financial results. Mr. Berend’s comments, statements regarding the acquisition of property and the characteristics of wholly owned property are examples of forward-looking statements. A number of factors could cause Hubilu Venture Corporation’s actual results, performance or achievements to differ materially from those expected. These risks, trends and uncertainties include the general economic climate; supply and demand for real estate; levels of interest rates, availability of financing; and other risks associated with the acquisition and ownership of real estate, including the risk that tenants will not pay rent or the costs may be higher than expected. This concluded sales contract is subject to various closing conditions, including but not limited to due diligence and satisfaction of verified results. These forward-looking statements include, but are not limited to, statements regarding goals and strategies for achieving those goals, as well as statements regarding our beliefs, plans, expectations, expectations, estimates or intentions. These forward-looking statements are based on our current expectations. We are not obligated (and expressly disclaim any such obligation) to update or change our forward-looking statements, whether as a result of new information, future events or otherwise. Additional information on the factors that may affect Hubilu Venture Corporation can be found in filings with the Securities and Exchange Commission.
Tracy Black, Vice President of Investor Relations