Hubilu Launches Real Estate Acquisition Division
August 18 2016 - 11:11PM
Marketwired
Hubilu Launches Real Estate Acquisition Division
BEVERLY HILLS, CA-(Marketwired - Aug 18, 2016) - Hubilu Venture
Corporation (OTC: HBUV), a publicly traded real estate consulting
company announces the formation of a real estate acquisition
division, specializing in student housing income properties, and
development opportunities located near Metro stations within the
Los Angeles Metro/subway system. HBUV has an executed purchase
contract to acquire Zinnia Investments, LLC, owner of the property
at 2909 S. Catalina Street in Los Angeles. The property satisfies
both of HBUV's target markets, being within walking distance of USC
campus with access to the Metro system.
"The formation of the real estate acquisition division is
sparked by the excellent opportunities to acquire real assets in
the major urbanization of Los Angeles that we believe are recession
proof and have limited downside risk, while offering high upside
potential in equity appreciation and cash flow," said David
Behrend, Chief Executive Officer. "We believe the acquisition
division will be a new direction for us - it's a game changer, not
only for Hubilu, but for our investors."
About Hubilu Venture Corporation:
Based in Beverly Hills, California, Hubilu Venture Corporation,
a real estate consulting corporation, has developed a business plan
to acquire student housing and development opportunities in the
niche markets of the USC campus area and the urban transportation
expansion sites facilitated by the development of the Los Angeles
Metro/subway system. The company, in introducing its new mission
statement, Strategic Growth through Smart Ventures, is focused on
real estate opportunities that it believes are recession proof and
have limited downside risk, while offering high upside potential in
equity appreciation and cash flow.
About Zinnia Investments, LLC:
Zinnia Investments, LLC, a single purpose entity, which is
majority owned by related parties, is the sole owner of 2909 S.
Catalina Street, Los Angeles, CA 90007. Set within walking distance
of USC campus, the property is a beautiful Victorian, 9 bed, 5 bath
house with excellent rental income and equity upside potential.
Cash flow positive, the house is in turnkey condition with hardwood
floors, has multi-directional sunlight and is painted in USC
colors, creating a warm and homey living environment which students
love.
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 and its financial
performance and condition and potential selected offerings
presented without the context of accompanying financial results.
The comments of Mr. Behrend, statements regarding the potential
acquisition of Zinnia Investments, LLC, and the characteristics of
its wholly owned property are examples of forward looking
statements. A number of factors could cause Hubilu Venture
Corporation's actual results, performance or achievement to differ
materially from those anticipated. Among those risks, trends and
uncertainties are the general economic climate; the supply of and
demand for real properties; interest rate levels; the availability
of financing; and other risks associated with the acquisition and
ownership of properties, including risks that the tenants will not
pay rent, or that costs may be greater than anticipated. This
executed purchase contract is subject to various closing
conditions, including but not limited to due diligence and
satisfaction of audited results. These forward-looking statements
include, among others, statements with respect to our objectives
and strategies to achieve those objectives, as well as statements
with respect to our beliefs, plans, expectations, anticipations,
estimates or intentions. These forward-looking statements are based
on our current expectations. For further information on factors
that could impact Hubilu Venture Corporation, reference is made to
its filings with the Securities and Exchange Commission.
www.hubilu.com@hubiluventure
Contact Information
- Media and Investor Contact:Tracy Black -Van WierVice-President
- Investor RelationsHubilu Venture
Corporation310-420-9599tracy@hubilu.comOfficial
Websitewww.hubilu.comTwitterhttps://twitter.com/HubiluVentureContact
Ushttp://hubilu.com/contact-us
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