BEVERLY HILLS, CA, June 25, 2021 (GLOBE NEWSWIRE) – Hubilu Venture Corporation (the âCompanyâ) (OTC PINK: HBUV), a listed real estate advisory, asset management and business acquisition firm Stock Exchange, specializing in student acquisition of income properties and development / business opportunities located near USC and metro stations in the Los Angeles area, has broadened its housing criteria to include properties desired by non-profit organizations that provide transitional housing. These organizations are funded by both the private sector and the government and help combat the effects of homelessness, poverty, mental and physical illness, violence and substance abuse, and provide assistance. to find a safe home and re-enter the labor market. Hubilu is currently working with award-winning organizations including PATH (People Assisting The Homeless), Covenant House, Los Angeles LGBT Center, Sanctuary of Hope, People Concern, St Josephs. Hubilu announced today that it has acquired, through its wholly owned subsidiary Trilosa Investments, LLC, its sixteenth property located at 3908 S. Denker Street, Los Angeles. This property fits perfectly with the company’s target market, USC’s prime location for off-campus students, located inside USC’s 24-hour security patrol area, 3 blocks away of campus homes and a short walk to Expo / Western Metro / subway station. The property is close to LA Live, Staples Center, and the LA Convention Center, and a short subway ride from DTLA, which is now USC’s new student center for entertainment, nightlife and shopping. . Plus, it’s a short walk from the Exhibition Center, home to the LA Memorial Coliseum and Banc of California Stadium, the Natural History Museum, the California Science Center, and the new George Lucas Star Wars Museum.
â2020 and 2021 have been difficult years for many homeowners in the housing market. We have seen the transitional housing market provide a stable income opportunity and allow us to help in an area where the community is in desperate need of help. While many landlords struggle with unpaid rents, we are at about 95% of rent collection due to our investments in transitional housing. Each tenant has a social worker who accompanies them to get back on their feet. We continue to buy in the USC area and have seen a dramatic increase in demand for student housing and transitional housing, effectively competing for a similar product in safe areas near USC and from metro stations. commented David Behrend, CEO of Hubilu.
About Hubilu Venture Corporation: Based in Beverly Hills, California, Hubilu Venture Corporation, a real estate consulting, asset management and acquisition firm, executes its business plan which in addition to advising companies real estate, seeks to acquire student housing. and business opportunities in the niche markets of the USC campus area and expanding urban transit subway stations facilitated by the development of the Los Angeles subway / subway system. Hubilu, inspired by Strategic growth through smart businesses, which focuses on acquiring high-growth real estate and business opportunities that it believes are recession-proof and have limited downside risk, while offering upside potential for equities and cash flow.
Forward-Looking Statements: This press release contains forward-looking statements, within the meaning of federal securities laws, regarding our company’s future performance, operations and financial performance and conditions and potential selected offerings presented without the context of the associated financial results. . Examples of forward-looking statements are Mr. Behrend’s comments, statements regarding the acquisition of a property and the characteristics of his wholly-owned property. A number of factors could cause the actual results, performance or achievements of Hubilu Venture Corporation to differ materially from those anticipated. These risks, trends and uncertainties include the general economic climate; supply and demand for real estate; interest rates, availability of financing; and other risks associated with the acquisition and ownership of properties, including the risks that tenants do not pay rent, or that costs may be higher than expected. 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 other things, statements regarding objectives and strategies to achieve those objectives, as well as statements regarding our beliefs, plans, expectations, expectations, estimates or intentions. These forward-looking statements are based on our current expectations. We have no obligation (and expressly disclaim any obligation to) update or change our forward-looking statements, whether as a result of new information, future events or otherwise. For more information on factors that could affect Hubilu Venture Corporation, reference is made to documents filed with the Securities and Exchange Commission.
Tracy Black, Vice President – Investor Relations
tracy @ hubIlu.com