With rental demand reaching an all-time high, property developer Marcus Hiles, Chairman and CEO of Western Rim Property Services, is expanding his investment in the Texas housing markets of Dallas, Houston, Austin, and San Antonio. Market research from real estate investment company HomeUnion analyzed the most expensive markets in the country for SFR, or single-family rental. Dallas boasts the second highest SFR rent growth in the U.S. with an average yearly increase of 5.6%. Austin and San Antonio were noted as well, seeing 2.8% and 2.4% jumps, respectively.
As of December 17th, 2016, Texas has gained 210,800 new jobs this year, driven in large part by a spike in oil prices and the revival of the energy sector. Marcus Hiles, the Founder and CEO of Dallas real estate development company Western Rim Property Services and, with more than 10,000 rental units in existence and another 5,000 being built, one of the state’s top job creators, recently discussed the impressive growth of the state’s economy, and Texas’ return as a national leader of business, service, and more importantly, energy.
Most residents want to call “The Best Place in the City” their home. For long-term renters, the place to turn is Marcus Hiles and his company Western Rim Property Services, who offer affordable luxury complexes throughout the state of Texas. Their homes give tenants top quality of life with convenient on-site amenities to enhance the apartment lifestyle. Developed in beautiful settings and featuring stunningly lavish features, renters will be enticed to look beyond the basics for their living solution.
George Washington Carver notably stated that “education is the key to unlock the golden door of freedom.” Dallas-based property developer and Founder of Western Rim, Marcus Hiles agrees, believing that education is truly the building block for success in all aspects of one’s life. Hiles strongly suggests suburban living for those pursuing the best educational opportunities, as year after year, suburban schools continue to outpace the performance of urban districts, especially in regards to standardized testing and graduation rates. A study directed by America’s Promise and quoted by the New York Times revealed that “the average high school graduation rate in the nation’s 50 largest cities was 53 percent, compared with 71 percent in the suburbs.”
“We give our renters the lowest housing density with the greatest amount of green spaces,” says Marcus Hiles, noting that he considers his company’s carbon footprint with each project they take on. “This strategy extends beyond improving air quality and lowering greenhouse gas emissions. These plants can also minimize pollutants in storm water and reduce overall neighborhood noise. One healthy tree is equal to 10 standard room-sized air conditioners running up to 20 hours a day. Our trees provide much needed shade from the Texas heat and can help our renters reduce cooling needs by up to 30%.” Hiles believes plantings can make a significant environmental impact, because “Trees and vegetation play a key role in every Western Rim development.”
Bigger is often better, most notably when it comes to living space. As the popularity and necessity of urban life increases, it subsequently brings the decrease of square footage for the average apartment– which in turn makes Marcus Hiles’ Western Rim properties and their commodious living arrangements so incredibly attractive. Each and every property is thoughtfully created to accommodate the modern renter’s need for adequate living space and provide an oasis to come home to after a hectic, stressful day.
Marcus Hiles’ Dallas News showcased companies, Western Rim Property Services and the affiliated Newport Classic Homes, have developed and managed more than 15,000 upscale apartments and townhomes throughout Texas. As founding Chairman and CEO, Hiles built his two businesses to fulfill his goal of creating affordable luxury rental communities boasting greatly desirable, exclusive lifestyle amenities and enriching the lives of both families and young professionals.
With an unprecedented surge in corporations relocating to Dallas, along with growing numbers in both employment and the next generation of homebuyers, the city’s property market costs are climbing to new heights. Marcus Hiles Dallas news figure and expert real estate developer has expected many of the recent changes while they have occurred, such as the wave of multi-million dollar skyscraper acquisitions within the urban center to the shortage of homes for sale throughout the metroplex. As one of the state’s most prominent residential property developers for the last three decades, Hiles’ wealth of experience has given him a comprehensive understanding of the current market trends. With many factors driving up prices, he explains the most important factors that will impact the future of the area.
One of Texas’ most prominent business leaders is taking a stand for underserved children. Marcus Hiles, the CEO of Western Rim Property Services, advocates firmly for every student’s right to receive the highest quality of education, regardless of his or her family’s socioeconomic status. Putting a plan into action, Hiles purchased over 3,000 backpacks and filled them with binders, pencils, note cards and other school supplies, and then he personally donated to children in need throughout the Dallas/Forth Worth area.