Marcus Hiles’ Dallas-based company has single-handedly transformed the real estate market statewide by successfully growing the standard of living. “We consistently secure premiere land near the highest-rated schools,” Hiles explains, “and offer very competitive price point for our exceptional signature homes.” Beyond seeking out top-notch areas within the best school districts, tenants are drawn to the incredible comforts of the neighborhood itself. Boasting spacious, welcoming clubhouses with HDTVs, premium audio systems and rapid fast Wi-Fi, as well as fully equipped, 24-hour fitness facilities on site, communities deliver five-star hotel-level services and attention. Other exclusive neighborhood details include infinity-edge swimming pools with adjacent cabanas, top-of-the-line indoor tanning beds and child-friendly splash parks. Properties boast covered gourmet patio kitchens and grilling areas, with inviting fireplace lounges for hosting cozy get-togethers with friends and neighbors.
Whether you are looking to rent or buy, the constant dilemma is choosing between a chic urban life or a luxurious suburban community. According to area’s top property agents, in any given circumstance the price per square foot in the city is twice as much as it is within an outlying district. While it is crucial to monitor financial aspects of the pursuit to stay on budget, the price is not the only thing that buyers and renters should consider. Employment opportunities are more important to take into account, as analysts point out that job creation rates are several times higher in the northern counties of the Dallas-Fort Worth metropolitan area than in the city. The rise in the labor market has led the economy of the suburbs to grow significantly, with incomes increasing by approximately 30-50 percent over Dallas and Fort Worth, notes Marcus Hiles. As the average income continues to climb, the property values in the housing market trend upwards. Higher education, resident health, and overall safety are also associated with improved wealth and property value of the Fort Worth properties.
Marcus Hiles’ Dallas based Western Rim Properties has made thousands of rental homes available across Texas that are a testament to the company’s goal of offering the finest housing options in prime locations at the lowest possible cost. Hiles’ vision of delivering lavish housing at a reasonable price is accomplished without shortcuts, as apartments are constructed with high standards and premium materials. Ceilings are pitched to nine or ten feet, while durable flooring ranges from Italian marble, choice woods or thick density carpet. Dual pane windows help minimize heat loss throughout colder months, attics are outfitted with reflective LP® Techshield radiant barrier sheathing to lower temperatures and cooling costs in warmer months, and homes feature full depth cellulose sound insulation to attenuate external noise. Kitchens showcase unrivaled attention to detail – hardy granite countertops, streamlined under-cabinet lighting and stainless steel appliances keep the most discriminating home chefs satisfied. The fine design offerings extend to the bathrooms, where chrome fixtures, porcelain tile, rainwater showerheads and jetted tubs give the spaces the feel of a private spa.
Everything is improved in Texas, including the market for convenient living. Marcus Hiles, Chairman and CEO of Western Rim Property Services, notes that virtually all new rental properties built in the Lone Star State are upscale, creating modern opportunities for renters to appreciate a luxurious lifestyle. “An increasing number of singles, families, empty nesters, and retirees are finding contentment through renting,” he states. “Across the U.S. the number of renters is anticipated to grow by a half million each year through 2023.”
Why the option for renting over owning? Hiles indicates that, in Texas and across the nation, people welcome the flexibility that twins with the rental lifestyle. “We’re a mobile population,” he reflects. “The idea of settling in one place for a decade – or for the length of a 30-year mortgage – doesn’t hold the same appeal as it did a generation or two ago.” Bringing to light the myth that homeowners have an edge when it comes to personal fulfillment, Hiles points to review showcasing that renters come out on top. “People who rent actually spend more time engaging in leisure activities and interacting with their friends and neighbors,” he adds.
Known for his community-centric developments, Marcus Hiles, Dallas real estate investor and CEO of Western Rim Property Services, establishes annual grants for local K-12 schools to help fund technology, after school programs, extra-curricular activities, and teacher training. Hiles’ aim is to ensure all students graduate from high school with the skills necessary to succeed academically in college, which is a launch pad to economic prosperity in America. Marcus understands administrators are forced to cut these types of additional opportunities due to tight budgets and limited funding, and hopes his financial support will enable many of these critical programs to continue and strengthen the connection between community, student, and teacher.
Marcus Hiles recognized early in his career the potential for luxury rental homes, townhomes, and apartments that delivered state-of-the-art amenities in desirable areas. Marcus Hiles’ Dallas-based real estate company developed a formula designed to fill the unmet demand for this type of living. By catering to what was, at the time, a niche market, he has single-handedly shifted the paradigm in residential real estate development. “We consistently secure premiere land in the best school districts,” Hiles states. “We deliver value by offering competitive rental prices for superior homes.” His approach has been one of continuous improvement over the years, most notably in the area of environmentalism and energy conservation. Developments are designed to exceed eco-friendly standards, reducing the carbon footprint of each home and saving residents money on utility bills. Along with Texas’ high employment rates and no state income tax, Hiles’ properties are helping residents’ standard of living grow.
The total of renters in the U.S. is increasing at a pace of more than 500,000 each year, with no signs of lessening. Texas real estate developer Marcus Hiles perceived the heightened call for moneyed rentals, which is why his Estates brand offers superior equity to those in the Lone Star State. “Renters are eager to embrace luxury living at affordable prices,” notes Hiles, the 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 north of Dallas in Aubrey, The Estates 3Eighty brings one- to four-bedroom apartment floor plans that display soaring ceilings, expansive windows, chic granite countertops, and expansive living areas. People 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,” Marcus Hiles recalls, “an exclusive lakeside escape that’s a stone’s throw away from vibrant nightlife and a thriving arts community.”
Individuals are opening to the possibility of renting as a more permanent resolution rather than temporary living. The National Multi-Housing Council states that, almost 15 percent of the population in Texas are renting instead than owning. That number is expected to grow substantially. In large metropolises, the percentage is often much higher. As Marcus Hiles states, “The American dream is now not owning a home but renting an apartment.” The goal for Hiles and his company is to advance these communities in the finest settings and close to the top schools with first-class amenities within the complex and neighboring it.
For Western Rim Properties Chairman and CEO Marcus Hiles, sophisticated design and eco-friendly housing are mutually important. The innovative real estate developer who singlehandedly altered the Texas housing market with his concept of luxury apartments and townhomes has maintained the highest standards for protecting the environment. Hiles’ upscale rentals are seamlessly integrated into the surrounding landscape, built with sustainably minded practices and featuring modern, energy-efficient amenities. Western Rim has truly made elegance eco-friendly.