Omar Yunes notes that the increase in the value of real estate affects charities because most nonprofit organizations depend on donations and grants from the government and the public. Omar says that when rents in places such as Los Angeles and San Francisco rise, it creates a major challenge to existing charities.
In California, there are a lot of charities offering childcare, medical services, and tax help among others. Such charities help low-income individuals and families to get items and services they cannot afford on their own. When such charities close down due to increased real estate costs, people relying on them are adversely affected.
Omar also says that San Francisco is among the most expensive real estate regions in the country. After the Great Recession, San Francisco was among the few regions with the expensive real estate market in America. However, the charities located in the area and their dependents are in trouble due to increased costs.
Yunes adds that when the city was informed of the challenges faced by nonprofit organizations due to increased real estate costs, it gave $2.7 million to various charities to enable them to afford real estate costs and rent. However, only thirteen charities benefited from the funds. Mayor Ed Lee reported that they would seek more money to support nonprofit organizations in the region.
Omar Yunes represents Sushi Itto. The Mexican investor has won numerous awards in major competitions. Omar feels that he is lucky to join the real estate industry at such a time. Since he opened the Sushi Itto restaurant, Yunes has expanded his operations to other stores in Mexico. Omar owns 10 percent of the company’s locations.
Recently, Omar was awarded the ‘Best Franchisee of the World Award’ due to his dedication to success and impressive professional growth. Mr. Yunes works hard to make sure that his employees become successful and that they reach both personal and the company’s goals. Omar Yunes still hopes that he grows in the real estate industry to benefit from it and to create more jobs for people.