Hubilu’s Student Housing Portfolio Turns to Solar
The properties in the company’s portfolio are set to feature rooftop photovoltaic technology, and will also accept cryptocurrency as payment.
By Anca Gagiuc
Hubilu Venture Corp., a real estate company specialized in student housing properties within the Los Angeles area, signed an agreement with Pacific Green Homes Inc. to install solar power technology on its properties. The action will reduce property operating costs, while resulting in greater returns for the investors.
“Solar panels will limit our global footprint, add energy conservation to our properties, and reduce the bottom line, resulting in greater returns for our investors. Together with our ongoing acceptance of rental payments using cryptocurrency in the form of Bitcoin, Ethereum, Bitcoin Cash and Litecoin, processed on the Coinbase Block Chain, this shows our progressive nature in the student housing real estate market,” David Behrend, CEO of Hubilo Venture Corp., said in prepared remarks.
By accepting cryptocurrency for rental payments, Hubilu booked a post as one of the early landlords to adopt this alternative form of payment.
“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,” added Behrend.
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