Marcus Hiles, founder and CEO of Western Rim Property Services, was pleased to hear the city of Fort Worth’s announcement to create additional green space in the historic neighborhood of Fairmount. The renowned real estate developer has been providing Texans with ecologically sustainable luxury living for over three decades, and is proud to see his company’s values being replicated on the government level.
UK based medicinal journal, The Lancet, recently released studies that suggest a sedentary lifestyle is more damaging to one’s health than smoking cigarettes, and that between six and ten percent of all the world’s non-communicable diseases are caused by physical inactivity. The CEO of Western Rim Property Services, Marcus Hiles has been creating impactful communities that promote healthy, active living for over thirty years. The prominent real estate investor discussed the importance of regular exercise, and the steps his developments take to provide residents with ample fitness and recreational amenities.
The U.S. exceeded $166 billion in capital investments in 2015, a ten percent increase from the year before. With almost a third of the proceeds coming from Texas, Dallas based real estate investor Marcus Hiles believes his state has not only displayed the potential for sustained long-term economic growth, but has also become vital to the success of the American economy. As Chairman and CEO of Western Rim Properties, Hiles has spent over three decades studying market tendencies in the pursuit of making profitable, strategic property acquisitions.
In order to help home seekers become wiser in their quest for luxury rentals, distinguished Texas real estate developer Marcus Hiles advises individuals on features to look for in a potential home.Hiles, Chairman and CEO of Western Rim Property Services, has been creating luxurious rental properties that feature enhanced, plush units since 1990. Hiles has learnt from his in-depth experience the highlights that can raise a good property into a great one. Here, he explains the attractive amenities of Western Rim’s famous Mansion brand properties.
Environmental advocacy is key to the fundamentals of famous Texas property developer Marcus Hiles.“Making neighborhoods that perform in harmony with the ecosystem and lower carbon impact is truly my commitment,” he notes. Hiles, who is Chairman and CEO of Western Rim Property Services, has translated his viewpoint into activity in around 15,000 upscale rental townhomes and apartments in the Lone Star State. An important part of his eco-friendly building methods is installing devices labeled by the the U.S. Environmental Protection Agency as ENERGY STAR. Since the program’s introduction in 1992, Americans’ ENERGY STAR usage has lowered carbon emissions by 283.2 million metric tons. With the typical Texan spending $1,650 annually in electrical bills and another $400 annually for natural gas, power efficient devices mean savings as high as 50 percent.
Like everything in Texas, even the market for sophisticated living is bigger. Marcus Hiles, Chairman and CEO of Western Rim Property Services, remarks that almost all properties in Texas are luxurious allowing renters opportunities to live an upscale lifestyle.
“A growing number of singles, families, empty nesters, and retirees are finding satisfaction through renting,” he states. “Across the U.S. the number of tenants is expected to grow by a half million each year through 2023.”
There is a definite question on why renting is preferred over owning. Hiles states that, in Texas and across the country, people look forward to the flexibility a rental accommodation permits. “We’re a mobile population,” he suggests. “The idea of settling in one place for a decade – or for the length of a 30-year mortgage – doesn’t hold the same attractiveness as it did a generation or two ago.” Demystifying the myth that owners have an advantage when it comes to personal happiness, Hiles points to research that highlights that renters enjoy more happiness. “People who rent actually spend more time engaging in recreational activities and interacting with their friends and neighbors,” he adds.
Late December, the U.S. Census released its 2016 population estimates for state-by-state growth from 2015 to 2016, which reported Texas as the sole state with greatest gains. Real estate expert Marcus Hiles believes the nation-leading increase is a positive sign, as population spikes have historically coincided with market expansion. Hiles is Founding Chairman & CEO of the acclaimed Western Rim Property Services, Texas’ largest developer of luxury rental communities featuring stunning designs, scenic landscapes, world-class amenities and comprehensive lifestyle services.
Marcus Hiles notes that there has been discussion throughout the property industry about the affect President-elect Donald Trump will have on real estate policies when he enters office. Many in the industry are excited about having a businessman in the Oval Office, seeing this as an opportunity to reduce many business regulations. Even with his long-time background in real estate, the President-elect has been mostly reserved about what his goals in this area will be. Noted in a Forbes article written by Lawrence Yun, the Chief Economist of National Association of REALTORS, one of Trump’s primary impacts on the property industry could be updates to the Dodd-Frank act. “A clear positive would be the lifting of compliance costs imposed on small-sized banks. Around 10,000 local and community banks have traditionally been the source of funding for construction and land development loans. With less regulatory burden, these small banks can make more loans and will boost home building activity – something that is needed in the current housing situation.”
Increased growth necessitates increased sustainability efforts, environmental stewardship, and prioritization of a healthy lifestyle. Marcus Hiles, one of the prominent residential developers in the Dallas area, is honored to have the opportunity to donate land for community parks and provide the much-needed property for natural recreation spaces. Trees, plants, and wildlife are essential for a happy life, allowing families, couples and individuals a place for recreation and relaxation. These areas thrive when people take initiative, such as Hiles, and remain devoted to environmentally friendly priorities.
The amount of people choosing to rent a home in the United States is rapidly growing, at a pace of more than 500,000 each year with no signs of a turnaround. Prominent Texas real estate developer Marcus Hiles anticipated this increased demand, and has catered his Estates brand to deliver premium properties to renters in the Lone Star State. “Renters are eager to embrace luxury living at affordable prices,” explains Hiles, Chairman and CEO of Western Rim Property Services. “Our five Estates communities offer signature amenities designed to appeal to singles, couples, and families who have chosen the rental lifestyle.” Situated just north of Dallas in Aubrey, The Estates 3Eighty offers one- to four-bedroom floor plans featuring soaring ceilings, expansive windows, chic granite countertops, and spacious living areas. Residents enjoy a dedicated Starbucks Wi-Fi café, a private off-leash dog park, and can work at one of the iMacs or PCs in the business center. “Our intention was to create the best of both worlds,” Marcus Hiles recalls, “an exclusive lakeside escape that’s a stone’s throw away from vibrant nightlife and a thriving arts community.”