Hubilu Venture Corporation (the "Company") announced that it has entered into an agreement to purchase through its wholly owned subsidiary, Elata Investments, LLC, ("Elata") two multiple student housing properties located in Los Angeles at 1618 W. 38 Street and 4016 Dalton Avenue. In addition, properties are located less than a mile from Exposition Park, home to the LA Memorial Coliseum and Banc of California Stadium, the Natural History Museum, California Science Center, and the new George Lucas Star Wars Museum. The properties are less than 2 miles from 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.