Hubilu to Purchase Akebia Investments, LLC and Appoints Four New Officers
September 27 2016 - 11:00AM
Marketwired
Hubilu to Purchase Akebia Investments, LLC and Appoints Four New
Officers
BEVERLY HILLS, CA-(Marketwired - Sep 27, 2016) - Hubilu Venture
Corporation (OTC PINK: HBUV), a publicly traded real estate
consulting and acquisitions company, which specializes in student
housing income properties and development opportunities located
near Metro stations within the Los Angeles Metro/subway system,
announces it has executed a purchase contract to acquire Akebia
Investments, LLC, owner of the property at 3711 S. Western Avenue
in Los Angeles. The property satisfies both of HBUV's target
markets, being within walking distance of the Los Angeles Metro
system and biking distance to USC campus. Hubilu has also appointed
four new officers to the company:
- Eric Klein, VP, Operations & Business Development, 20 years
experience
- Tracy Black-Van Wier, VP, Investor Relations, 20 years
experience
- Stefano Coaloa, VP, Real Estate Development, 35 years
experience
- Chille DeCastro, VP, Marketing, 20 years experience
"As we continue to aggressively execute on our plan to acquire
student housing and development opportunities in the niche markets
of the USC campus area and the expanding urban transportation Metro
stations facilitated by the development of the Los Angeles
Metro/subway system, we have expanded our management team with
highly experienced officers to facilitate our growth," said David
Behrend, Chief Executive Officer. "Hubilu's management team now has
over 125 years combined experience in student housing, real estate
development, property management, investment banking and organic
marketing."
About Hubilu Venture Corporation:
Based in Beverly Hills, California, Hubilu Venture Corporation,
a real estate consulting and acquisitions corporation is executing
on its new business plan, which besides consulting to real estate
companies, is seeking to acquire student housing and development
opportunities in the niche markets of the USC campus area and the
expanding urban transportation Metro stations facilitated by the
development of the Los Angeles Metro/subway system. Hubilu,
inspired by its mission statement, Strategic Growth through Smart
Ventures, is now focusing on acquiring high path of growth real
estate opportunities that it believes are recession proof and have
limited downside risk, while offering upside potential in equity
appreciation and cash flow.
About Akebia Investments, LLC:
Akebia Investments, LLC, a single purpose entity, which is
majority owned by related parties, is the sole owner of 3711 S.
Western Ave, Los Angeles, CA. Set just 275 yards from Expo/ Western
Metro/subway station and biking distance to USC campus, the
property is a 9 unit apartment building which management believes
will provide excellent rental income and equity appreciation. The
property is cash flow positive and in excellent, turnkey condition
with ample parking.
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 Akebia 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
Tracy Black-Van Wier Vice President - Investor Relations Hubilu
Venture Corporation tracy@hubilu.com 310-420-9599
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