Real Estate Acquisition and Development Company Completes $1.8 Million Purchase of Two Real Estate Companies in Los Angeles
April 14 2017 - 8:03AM
Marketwired
Seeks to Acquire More Positive Cash Flow Opportunities
BEVERLY HILLS, CA-(Marketwired - Apr 14, 2017) - Hubilu Venture
Corporation (the "Company") (OTC PINK: HBUV), a publicly traded
real estate consulting, acquisition and development company, which
specializes in student housing income properties and
development/business opportunities located near USC and the Metro
stations within the Los Angeles Metro/subway system, announced
today that it has closed the acquisition of two companies, which
own student housing properties valued at over $1.8 million. In
addition, on March 31, 2017, the Company filed its Annual Report on
Form 10-K for the year ended December 31, 2016.
Commenting the Company's investment activity, David Behrend,
Chief Executive Officer, stated, "HBUV has made a strong start to
2017, acquiring two turn-key student housing properties, bringing
net asset value and positive cash flow to Hubilu. We feel confident
that our investors will be pleased with our expansion efforts, as
we continue to aggressively execute on our business plan."
About Hubilu Venture Corporation:
Based in Beverly Hills,
California, Hubilu Venture Corporation, a real estate consulting,
acquisition and development corporation is executing on its
business plan, which besides consulting to real estate companies,
is seeking to acquire student housing and real estate
development/business 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 Strategic Growth Through Smart
Ventures, focuses on acquiring high path of growth real estate and
business opportunities that it believes are recession proof and
have limited downside risk, while offering upside potential in
equity appreciation and cash flow.
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 property 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 the costs may be greater than
anticipated. 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. We are under no obligation to (and expressly
disclaim any such obligation to) update or alter our
forward-looking statements, whether as a result of new information,
future events or otherwise. For further information on factors that
could impact Hubilu Venture Corporation, reference is made to our
filings with the Securities and Exchange Commission.
www.hubilu.com
@hubiluventure
Contact InformationCONTACT INFORMATION
Tracy Black-Van Wier
Vice President - Investor Relations
Hubilu Venture Corporation
tracy@hubilu.com
310-420-9599
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