makinezmoney
5 years ago
$HBUV: NEWS... purchase of Student-Housing property in Beverly-Hills
Hubilu Real Estate Acquisition Company Enters Into Agreement To Purchase Beverly Hills Real Estate Company Including Its' Student Housing PropertyFont size: A | A | A
9:00 AM ET 3/11/19 | GlobeNewswire
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Hubilu Real Estate Acquisition Company Enters Into Agreement To Purchase Beverly Hills Real Estate Company Including Its' Student Housing Property
BEVERLY HILLS, CA, March 11, 2019 (GLOBE NEWSWIRE) -- Hubilu Venture Corporation (the "Company") (OTC PINK: HBUV), a publicly traded real estate consulting, asset management and business acquisition company, which specializes in acquiring student housing income properties and development/business opportunities located near USC and Metro stations within the Los Angeles area, announces it has entered into an agreement to buy a Beverly Hills ral estate company, including its real property asset. The company, Kapok Investments, LLC, ("Kapok") includes a student housing property located at 1981 Estrella Avenue, Los Angeles. This property fits perfectly into the Company's target market, prime USC location for off campus students, located inside the USC 24 Hour Security Patrol Zone, only a short walk/bicycle ride to campus and 3 blocks from the Jefferson/USC Metro/subway station, situated directly in the path of growth between LA Live, Staples Center, LA Convention Center and USC Campus, which we believe increases future property appreciation and cash flow for HBUV. Hubilu announced earlier last year that it is now accepting rent payment using cryptocurrency. Cryptocurrencies being accepted are Bitcoin, Ethereum, Bitcoin Cash and Litecoin, and are processed on the Coinbase Blockchain.
A photo accompanying this announcement is available at www.globenewswire.com/NewsRoom/AttachmentNg/107214f1-a20f-4720-859f-d2c5828287bc
"We are starting off 2019 extremely focused as we continue to aggressively expand our portfolio with path of growth "value add" student housing, this property being walking distance to LA Live/Staples Center and USC Campus, and two LA Metro subway stations. Our investors should be pleased with the company's steady growth and our strategic business strategy," commented David Behrend, Hubilu CEO.
About Hubilu Venture Corporation: Based in Beverly Hills, California, Hubilu Venture Corporation, a real estate consulting, asset management and acquisition corporation, is executing on its business plan, which besides consulting to real estate companies, is seeking to acquire student housing real estate and 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, which 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. 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 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 filings with the Securities and Exchange Commission.
Contact: Tracy Black
310.420.9599
tracy@hubilu.com
www.hubilu.com
TW: @hubiluventure
IG: hubiluventure
David Behrend, CEO
Hubilu Venture Corporation
310-308-7887
david@hubilu.com
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> Dow Jones Newswires
March 11, 2019 09:00 ET (13:00 GMT)
ALERTS100%to10000%GAIN
6 years ago
HBUV MONSTA NEWS,Bitcoin, Ethereum, Bitcoin Cash and Litecoin CryptoCurrency
PR today Hubilu Offers Students to Make Rental Payments in Bitcoin, Ethereum, Bitcoin Cash and Litecoin CryptoCurrency using the Coinbase Digital Currency Exchange.
BEVERLY HILLS, CA, Jan. 04, 2018 (GLOBE NEWSWIRE) -- Hubilu Venture Corporation (“Hubilu”) announces it will now accept rental payments in Bitcoin, Ethereum, Bitcoin Cash and Litecoin, using the Coinbase digital currency exchange for processing cryptocurrency transactions in their respective blockchains. Crytocurrency will be accepted from all tenants.
David Behrend, Chief Executive Officer stated, “Cryptocurrency is transforming modern high tech and financial markets, making payment transactions easier for everyone as it becomes a more accepted world-wide based payment system. As part of our continued growth, we believe in creating opportunities for our customers and tenants, and strive to add value for our shareholders. By accepting crytocurrency for rental payments, we believe Hubilu to be one of the early landlords to adopt this alternative form of payment that Millennials and Gen-X are quickly adopting. We know the importance of digital payment systems and believe in the long term adoption of cryptocurrency. Rent payment has never been easier!”
Bitcoin is noted as the first decentralized digitalized currency which operates in a direct peer to peer system, with transactions taking place directly between users without help of an intermediary. Verified by network nodes, these transactions use cryptography and are recorded in blockchain, a publicly distributed ledger. Ethereum has recently seen success in use as the crytocurrency blockchain of CryptoKitties, a new blockchain-based recreational game trading virtual cats.
About Hubilu Venture Corporation:
Based in Beverly Hills, California, Hubilu Venture Corporation, a real estate asset management and business acquisition corporation, is executing on its business plan, seeking to acquire student housing and real estate investments around 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. In addition to real estate, Hubilu looks to diversify its’ portfolio by expanding into business acquisitions in Southern California, specifically in the Property Management, Green, Health Care, IT/Cloud and E-Commerce (B2B, B2C) sectors. Hubilu, inspired by its mission statement, Strategic Growth Though 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 and statements regarding the acceptance of Bitcoin, Ethereum, Bitcoin Cash and Litecoin as a form of rent payment 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; cryptocurrency price fluctuations, 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.
Contact:
Tracy Black
310.420.9599
tracy@hubilu.com
www.hubilu.com
TW: @hubiluventure
IG: hubiluventure
Source: Hubilu Venture Corporation
© 2018 GlobeNewswire, Inc.
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ALERTS100%to10000%GAIN
6 years ago
HBUV PR today Hubilu Offers Students to Make Rental Payments in Bitcoin, Ethereum, Bitcoin Cash and Litecoin CryptoCurrency using the Coinbase Digital Currency Exchange.
BEVERLY HILLS, CA, Jan. 04, 2018 (GLOBE NEWSWIRE) -- Hubilu Venture Corporation (“Hubilu”) announces it will now accept rental payments in Bitcoin, Ethereum, Bitcoin Cash and Litecoin, using the Coinbase digital currency exchange for processing cryptocurrency transactions in their respective blockchains. Crytocurrency will be accepted from all tenants.
David Behrend, Chief Executive Officer stated, “Cryptocurrency is transforming modern high tech and financial markets, making payment transactions easier for everyone as it becomes a more accepted world-wide based payment system. As part of our continued growth, we believe in creating opportunities for our customers and tenants, and strive to add value for our shareholders. By accepting crytocurrency for rental payments, we believe Hubilu to be one of the early landlords to adopt this alternative form of payment that Millennials and Gen-X are quickly adopting. We know the importance of digital payment systems and believe in the long term adoption of cryptocurrency. Rent payment has never been easier!”
Bitcoin is noted as the first decentralized digitalized currency which operates in a direct peer to peer system, with transactions taking place directly between users without help of an intermediary. Verified by network nodes, these transactions use cryptography and are recorded in blockchain, a publicly distributed ledger. Ethereum has recently seen success in use as the crytocurrency blockchain of CryptoKitties, a new blockchain-based recreational game trading virtual cats.
About Hubilu Venture Corporation:
Based in Beverly Hills, California, Hubilu Venture Corporation, a real estate asset management and business acquisition corporation, is executing on its business plan, seeking to acquire student housing and real estate investments around 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. In addition to real estate, Hubilu looks to diversify its’ portfolio by expanding into business acquisitions in Southern California, specifically in the Property Management, Green, Health Care, IT/Cloud and E-Commerce (B2B, B2C) sectors. Hubilu, inspired by its mission statement, Strategic Growth Though 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 and statements regarding the acceptance of Bitcoin, Ethereum, Bitcoin Cash and Litecoin as a form of rent payment 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; cryptocurrency price fluctuations, 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.
Contact:
Tracy Black
310.420.9599
tracy@hubilu.com
www.hubilu.com
TW: @hubiluventure
IG: hubiluventure
Source: Hubilu Venture Corporation
© 2018 GlobeNewswire, Inc.
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