As rental occupancy reaches all time highs, real estate executive Marcus Hiles, the Founder and CEO of Western Rim Property Services, furthers development in the housing markets near Dallas, Houston, Austin, and San Antonio. New market data released by HomeUnion, a real estate investment firm, pointed to the most expensive areas in the U.S for single-family rental (SFR), placing Dallas second on the list of highest SFR rent growth in the country at an average jump of 5.6% year-over-year. Also on the list were Austin and San Antonio, seeing increases of 2.8% and 2.4%, respectively.
Texas had added 210,800 new jobs by December 17, 2016, largely driven by rising oil prices and a vibrant energy sector. Marcus Hiles, the dynamic Founder of Dallas property development firm Western Rim Properties, owns and manages over 10,000 rental homes in existence and has an additional 5,000 under construction, making him one of the state’s leading job creators. Hiles recently explained the consistent growth of the Texas economy, and the state’s role as the national leader in business, hospitality and most importantly, energy.
Residents searching to find “The Best Place in the City” to reside can turn to developer Marcus Hiles. His company Western Rim Property Services specializes in affordable luxury complexes conveniently located throughout the state of Texas. Their units offer a higher quality of life without sacrificing any convenient amenities renters want to have, the perfect way to enhance the apartment lifestyle. Beautiful settings and modern features tempt renters to look beyond the basics for long-term rental solutions.
As stated by George Washington Carver, “education is the key to unlock the golden door of freedom.” Dallas-based property investor and Founder of Western Rim, Marcus Hiles furthers this belief, noting that education is truly the foundation for a person’s success in all aspects of life. Hiles strongly suggests living in a suburban community while in pursuit of the best educational opportunities available. Year after year, suburban schools continue to outperform urban schools, especially in regards to test scores and graduation rates. The New York Times cited a study conducted by America’s Promise concluding that “the average high school graduation rate in the nation’s 50 largest cities was 53 percent, compared with 71 percent in the suburbs.”
Marcus Hiles deeply considers his company’s environmental impact with every project they take on. His plantings can make a significant environmental impact, leading to a better quality of life for residents. “Trees and vegetation play a key role in every Western Rim development,” Hiles says. “We give our renters the lowest housing density with the greatest amount of green spaces. 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%.”
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Oftentimes, bigger is better. This is especially true when it comes to living space. The growing popularity and crowds of urban life frequently result in the decrease of square footage for the average renter—and this is exactly what makes Marcus Hiles’ Western Rim properties and their spacious living arrangements so incredibly preferable. Each and every property is thoughtfully put together with the modern renter’s desire for adequate living space in mind, providing a refuge to come home to in the midst of a hurried, crowded world.
Marcus Hiles’ Dallas News highlighted development firms, Western Rim Property Services and its affiliate Newport Classic Homes, have built and managed over 15,000 upmarket rentals throughout Texas. Founding CEO and Chairman Hiles formed his two businesses to create affordable luxury rental communities which host highly desirable, exclusive lifestyle amenities to enrich the lives of both families and young professionals.
With the unprecedented surge in the amount of corporate relocation to Dallas, and rising numbers in both employment and the next generation of homebuyers, property costs are climbing to new heights. Marcus Hiles Dallas news icon and real estate investor has expected many of the recent changes as they have occurred, from the series of multi-million dollar skyscraper acquisitions in the city’s urban center to the shortage of homes for sale throughout the metroplex. As one of the state’s most well-known community developers for the last three decades, Hiles’ vast experience has given him a comprehensive understanding of the current trends and the myriad interests driving up prices. He explained the most important factors affecting the future of the area.
One of Texas’ most well-known business leaders is using his influence to take a stand for understand children. Marcus Hiles, the CEO of Western Rim Property Services, advocates strongly for the right for every student to receive the highest quality of education, despite his or her family’s socioeconomic status. Putting words into action, Hiles purchased over 3,000 backpacks – stuffed with binders, pencils, note cards and more school supplies – which he personally donated to children in need across the Dallas/Forth Worth area.