Marcus Hiles servees as Chairman and CEO of Western Rim Property Services, a residential property development firm managing luxury residential complexes throughout Dallas/Fort Worth, Austin, San Antonio, Houston, and New Braunfels. Hiles, a graduate of Pepperdine and Rice Universities, remains an unwavering supporter of each student having the right to a quality education that equips him or her with the knowledge and skills needed to succeed in life. With his personal business ventures’ success, Hiles has given more than $2.5 million to public and private K-12 initiatives, after school programs, university job services, and career placement programs.
Texas’ steadily growing job market remains a big influence in attracting new residents to relocate along with companies like Toyota, and employment gains are following in fields such as manufacturing and tech jobs lead the way. The recent housing shortages have been exacerbated by the influx, but Marcus Hiles has presented an appealing alternative by offering modern and convenient rental homes in the popular communities he develops. These large plots of land allow for lavish luxuries, including private parks, jogging trails and championship golf courses. These planned suburban neighborhoods allow Hiles to incorporate cutting-edge, sustainable construction and the best infrastructure required to provide unequaled comfort and environmental sustainability.
Overall, Austin remains a hub for innovators and risk-takers. The Ewing Marion Kauffman Foundation Kauffman Index is a key measurement of entrepreneurship on the national, state and metropolitan levels. Marcus Hiles explains that the index factors three key metrics – the rate of new businesspersons, how many of those who started their companies while unemployed, and startups per capita – to develop an annual gauge. Their data shows that roughly 555 out of every 100,000 adults in the Austin area became entrepreneurs each month during the past five years, on average. The index notes the startup rate at 180 new businesses – less than one year old and employing at least one person besides the owner – per 100,000 residents.
Marcus Hiles understands that these market variables will impact purchase decisions negatively. However, he also believes that Western Rim, a firm that’s committed to providing economical flats that are of superior quality, will solve this matter of housing shortage. He says, “In our experience, low inventory when combined with high demand for upscale properties causes a remarkable increase in valuation. Western Rim believes that people should be able to purchase a contemporary, plush flat while not having to strain their budgets. The results of the study help us deliver this promise; we’ll keep following these market trends in order to help our customers achieve their lifestyle dreams.”
Western Rim Property Services founder and CEO Marcus Hiles identifies traditional roofing insulation as the reason why air conditioners work overtime during temperatures peak. Here is his reasoning – because a home’s roof absorbs the sun’s radiant energy, and in turn heats the attic and air ducts, more energy is required to cool the attic and cooling costs are increased. He says that, in contrast, installing highly reflective radiant barrier roof panels in the attic will reflect the heat and reduce up to 97 percent of heat transfer from the underside of the roof. “This cheap trick will keep your attic up to 30 degrees cooler,” Hiles says.
Marcus Hiles is an admired businessman and a person who changed the outlook of the real estate market when he founded Western Rim Property Services in 1988. Hiles managed to meet the demand of a growing number of people who wanted to live a luxurious lifestyle at reasonable prices. He managed to find and/or create apartments with the amenities of highest quality and features and offer them to everyday Texas workers. The business has grown and now Hiles is one of the most respected real estate investors and developers in the Lone Star State. Read more about this on http://finance.dailyherald.com/dailyherald/news/read/33730428/Marcus_Hiles_
Market Watch describes 2017 trends of the blended urban/suburban lifestyle providing walkability, access to shopping and services, luxury amenities as “surban.” The Urban Land Institute acknowledges that changes shaping up in the suburban real estate market complement rather than pull away from nearby urban centers. One look at the conveniences list of Marcus Hiles’ upscale communities confirms the 2017 multifamily trends outlined by Building Design + Construction, attributing the rise of suburban living to long term solution rather than short term answer.
Marcus Hiles explained that the Dallas/Fort Worth region continues to be one of the strongest rental markets in the United States, with three cities inside the metroplex being included in the rankings. Talking from a recent report that predicted the region’s housing market – already at an average cost of $233,000 – to skyrocket an additional 31 percent before 2020, Hiles went further by saying that renting has simply become the more logical financial solution in modern times. In addition, the shift of developers like Western Rim focus from boring, identical apartment complexes to delivering spacious single-family communities delivering contemporary, state of the art amenities and lifestyle services is bringing new attention to the resurging rental market.
Technology is making the transition between cities and outlying areas smoother, encouraging additional development, notes Marcus Hiles. App friendly transportation like Uber and self-driving vehicles are making commuting easier and more enjoyable. A recent Bloomberg article that asserts “suburbs will soar on wings of tech” describes the rising use of drones as something not to be ignored. The more spacious and rural a community, the easier it is to use unmanned flying machines for deliveries and other services. As well, remote work, virtual reality and smart-device technology is changing daily activities, making distance a less important criteria. Consider also, the advent of connected household appliances, fixtures and “smart homes”, these helpful inventions are making for a comfortable living experience and are easily integrated into new construction. Furthermore, the ability to build sustainable, and energy efficient residential developments has created a shift in the look and function of these smaller centers.
Marcus Hiles understands that luxury apartment complexes must meet the needs of the ever-expanding renter base. In addition to their expansive unit floor plans, every Western Rim community also encourages an exhilarating lifestyle for its tenants. Incredible amenities are included, such as resort style pools, public and private parks (that often include nature trails), modern fitness centers, and club rooms with HDTV capabilities. Coming home should be a relaxing experience, not a hassle or continued expense. The convenience of luxurious amenities are an enticing perk for current and potential renters and work to foster a sense of community within the grounds.
Read more: http://markets.financialcontent.com/streetinsider/news/read/33714935