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.
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.