Hubilu Venture Corporation (OTC PINK: HBUV) announced the acquisition of its 18th real estate property located at 1284 W. 38th Street, Los Angeles, close to USC and the Vermont/Exposition Metro station. CEO David Behrend highlighted significant growth from 2019 to 2020, with revenues soaring 98% to $880,632 and real estate net assets increasing 43% to $4,350,000. The acquisition aligns with the company’s strategy to invest in properties with growth potential. However, the growth figures provided are based on non-audited and estimated market values.
Hubilu Venture Corporation (HBUV) announced the acquisition of its seventeenth property at 4021 Halldale Avenue, Los Angeles. This move expands its housing criteria to include transitional housing for non-profits addressing homelessness and related issues. The property, acquired at favorable pricing, is strategically located near USC and metro stations, enhancing its appeal for off-campus students. CEO David Behrend emphasized the property's turnkey status and an existing client's interest in a three-year master lease, indicating potential revenue growth as Hubilu continues to seek new investments.
Hubilu Venture Corporation (OTC PINK: HBUV) has expanded its housing criteria to include properties for non-profits aiding transitional housing for those facing homelessness and other social challenges. The company announced the acquisition of its sixteenth property in Los Angeles at 3908 S. Denker Street, strategically located near USC and metro stations. Hubilu reports a stable income opportunity with a rental collection rate near 95%, benefiting from transitional housing investments. CEO David Behrend highlighted increasing demand for both student and transitional housing in the area.