The number of renters in the U.S. is steadily rising at a rate of more than 500,000 each year and shows no signs of abating. Texas real estate developer Marcus Hiles anticipated the increased demand for upscale, luxury rentals, which is why his Estates brand offers unique rental properties to those living in Texas. “Renters are eager to embrace luxury living at affordable prices,” declares Hiles, the Visionary 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.” Located north of Dallas in Aubrey, The Estates 3Eighty offers premium one- to four-bedroom apartment floor plans that feature elevated ceilings, expansive windows, chic granite countertops, and expansive living areas. Estates 3Eighty residents can be found at the dedicated Starbucks Wi-Fi café, in the private off-leash dog park, or working at one of the iMacs or PCs in the business center. “Our intention was to create the best of both worlds,” founder Marcus Hiles recalls, “an exclusive lakeside escape that’s a stone’s throw away from vibrant nightlife and a thriving arts community.”
Marcus Hiles identifies that the recent findings from the Texas Association of Realtors can help him best serve local clientele. As CEO of Western Rim Property Services, a regional firm specializing in luxury subdivisions, Hiles closely monitors the real estate market in Texas. “At Western Rim, we are constantly monitoring industry temperature and momentum to understand what our customers need most,” he said. “The Association’s recent findings offer invaluable insight to our team regarding the current status of regional property sales. Most importantly, it proves that the state’s overall real estate vertical is thriving. It’s an exciting time to live in Texas.”
Marcus Hiles ensures these premier estates are designed to enrich the lives of both young professionals and families by providing features outside of the residences themselves to appeal to the tenants. On-site features depend on which location they select. A resort-style swimming pool comes complete with a sunny tanning deck, and a gourmet summer kitchen provides the perfect environment for entertaining. Outdoor Wi-Fi lounges offer the ability to enjoy nature while working, and the social club room features HDTV entertainment to enjoy alone or with family. Tenants enjoy reserved covered parking and limited access gates, so safety is optimized while a 24-hour emergency maintenance service ensures tenants can easily enjoy all the complex affords. Pet lovers are included- at Western Rim properties, caring for the entire family includes providing pet-friendly estates. Additionally, community events allow neighbors to socialize and become friends.
Texas has added 1.3 million jobs above pre-recession peaks, far outpacing the national average, says Western Rim Property Services Chairman and CEO Marcus Hiles. With unemployment down to 4.4 percent in April, consumer confidence has grown at an impressive rate. The state’s Consumer Confidence Index (CCI) sat at 117.6 in May, ahead of a 92.6 national average. Where are these jumps coming from? $5 billion in tax cuts over the past three years, according to Hiles. The extra pocket money has driven a massive influx into the state’s real estate market. Single-family building permits are up a whopping 6 percent, and the year-over-year price of existing homes has gone up 5.9 percent.