Hubilu Venture Corp. has acquired a student housing property near USC in Los Angeles. Hubilu purchased the property through Elata Investments, a subsidiary. The terms of the deal were not disclosed.
The asset is ideally located. Located at 4016 Dalton Avenue is less than a mile to USC campus and within blocks from the Western/Exposition LA Metro subway station. It is less than five-minute drive to LA Live, Staples Center and LA Convention Center and a short metro ride to DTLA, which is now USC student's new hub for entertainment, night life and shopping.
According to the investor, it is planning a gateway of acquisitions into 2020 and plans to aggressively expand its portfolio with value add student housing.
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Kelsi Maree Borland
