The building, which can be found at 8401 S. Harlem Ave. in Burbank, Ill., is located on Chicago’s North Shore and overlooks Lake Michigan. According to Ata, AAIM Development will perform a complete rehabilitation/upgrade of all units, including installing new heating and air conditioning systems. Ata said these changes will provide immense value to future tenants, thus contributing to tenant retention and a strong bottom line for AAIM Development going forward.

According to Ata, Chicago’s multifamily real estate market contracted sharply in response to COVID-19, which led to the loss of about 250,000 jobs by the end of 2020’s third quarter. Unfortunately, this resulted in a rise in Chicago’s multifamily vacancy rate. In addition, the major economic disruption brought about by COVID-19 prevented many individuals from being able to pay their rent, which caused rent to decline in 2020. The market continues to experience some easing in 2021 as well.

However, a new supply of multifamily properties is anticipated to continue to arrive unabated in 2021. In light of this, now is an excellent time for investors to pour money into multifamily residential buildings in Chicago, according to Ata.

Over the years, AAIM Development has developed a reputation throughout Chicago for its high level of success in both business investments and real estate development. AAIM Development’s Ali Ata, who graduated from the University of Illinois at Chicago, is especially well known for his strong business acumen, coupled with the many contributions that he has made to the community. Ata, who views AAIM Development as a way of giving back to the community, said he looks forward to continuing to provide high-quality multifamily housing to people in the Windy City.

Disclaimer: The news site hosting this press release is not associated with Ali Ata or AAIM Development. It is merely publishing a paid press release announcement submitted by a company, without any stated or implied endorsement of the person, product, service, or information above. Please consult a registered investment advisor or CFP before making any investment.  This is not a solicitation.

About Ali Ata

Georgia small business owner, Cole Torres, recently joined a small group of YouTubers attempting to share their personal experiences receiving the COVID-19 vaccine. These creators are sharing their experiences in order to provide people with more accurate and practical information about what to expect and to encourage others to go get vaccinated against COVID-19. The video can be found here.

Cole received the vaccine and provided commentary about the experience, including an honest report on his personal side effects, a few days after receiving the 2nd dose. While many of the creators are providing a medical provider’s perspective, Cole tries to provide the perspective of just an ordinary person relaying his experience, along with his unique brash, comedic style.

It is important to note that Cole admits in his video that the story told is not, and should not be taken as, medical advice. It is important to consult with your own healthcare provider on all medical decisions.

As a business owner and a social activist, Cole is motivated to help others get vaccinated and become comfortable receiving the vaccine. Doing his part in helping us stay health as a society was the primary motivation for publishing his personal account.

While we enjoy Cole’s perspective, we recognize and applaud the other creators for publishing their experiences as well. We particularly enjoyed the video published by Dr Mike Hansen, found here.

Cole is the owner of 2 Georgia based small businesses and uses YouTube to teach others about technology, business, digital privacy and to provide positive social commentary and education to his viewers in a fun, entertaining style. You can subscribe to his channel to be notified of future content.

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