George Washington Carver was quoted as saying, “education is the key to unlock the golden door of freedom.” Marcus Hiles, the Dallas-based real estate developer and Founder of Western Rim, agrees, believing that education is certainly the foundation for one’s success in all aspects of their life. Hiles always encourages suburban living for families preferring the best educational opportunities available. Consistently, suburban schools perform higher than urban schools in regards to test scores and graduation rates, and a study conducted by America’s Promise and noted by the New York Times elaborated that “the average high school graduation rate in the nation’s 50 largest cities was 53 percent, compared with 71 percent in the suburbs.”
When Marcus Hiles first launched Western Rim Property Services in the 1980s, he discovered an opportunity to appeal to the then-ignored luxury rental segment of the Texas real estate market. Driven by a vision for affordable luxury living, he desired to build in suburbs that were located near the state’s largest urban centers. Riding a wave of unprecedented population growth and changing trends in home ownership, Hiles’s plan for expansion revolutionized and completely modernized the housing market around the Lone Star State’s most popular urban centers. By offering resort-style amenities to an ever-rising number of renters, his unique concept continues to attract those seeking to enjoy city life without ever moving downtown. With its open spaces and incredible natural scenery, highly rated schools and nearby fine dining, entertainment and shopping, Marcus Hiles fully supports future suburban developments.
Asked about the top city for tech startups in the country, you may think of the San Francisco Bay area or Silicon Valley. But surprisingly, the top spot is Austin, Texas. On top of decades as a music mecca – the international South by Southwest Festival happens here every year – Austin has been the most rapidly growing tech town in the U.S. for many years, with more than 147 companies securing about $1 billion in funding in 2015 alone. Along with fresh entrepreneurs, big players like Amazon, Google, and Facebook have also opened offices in town. Meeting the increased housing demand in the area is real estate developer Marcus Hiles, whose vision of luxurious, ecologically-minded, but affordable, rental homes for the thriving new professional class is seen through more than 15,000 residential units that his company, Western Rim Property Services, has developed throughout Texas, in the cities of Austin, Dallas and Fort Worth.
There is an increasing number of renters in the U.S., which is about 500,000 every year. Texas property developer Marcus Hiles is aware of the rising need for deluxe rentals before it happened, which is why people in the Lone Star State can avail several high quality homes from his Estates brand. “Renters go for luxury living that has low prices,” says the head of Western Rim Property Services. “Renting singles, couples, and families would love the signature amenities located at our five Estates communities. One of the offers of The Estates 3Eighty located in Aubrey is one- to four-bedroom apartment floor plans that come with expansive living areas and windows, elevated ceilings, and snazzy granite countertops. There are plenty of places that residents can go such as the iMacs or PCs in the business centers, Starbucks Wi-Fi cafe, and the private off-leash dog park. Marcus Hiles aimed to make the best of both worlds, which can be reflected at the closeness of vigorous nightlife and a developing arts community to the great lakeside escape.”
Marcus Hiles is a Texas-based real estate investor and developer as well as the CEO of Western Rim Property Services. He is one of the premier people who supported all policies Texas government has employed to recover from the recession which hit the whole world. Today, the growth of Texas shows that Hiles and the Texas main legislature officials have been absolutely right. Texas even outpaces the US economy in recovering from the recession which brings a lot of trust among the consumers. You can find out more about this topic if you follow this link: http://markets.ask.com/ask/news/read/32357697
As one of the most prominent persons in Dallas property development, Marcus Hiles points out the reports about the increasing Texas home sales during the first quarter of 2016. The Texas Association of Realtors’ delivery of the release, which is based on the statistics taken from the Data Relevance Project, provided residential construction entrepreneurs, buyers, and sellers knowledge of many key market indicators. It was discovered that there were (7.8%) more residences purchased in the state for Q1 2016 compared to last year’s first quarter.
Marcus Hiles remarks that the prominent similarity between Dallas, New York and Los Angeles is that all of them have observed a rising trend in renters; even though initially it might appear that the only similarity they possess is that all three feature in the list of top ten largest towns in the U.S. The rise of renters is seen across the whole nation, with renters likely to increase to half of a million steadily till 2023. Even in Dallas, more than half, i.e. 55.9% of the residents are renters. Although tenants may have to bear higher annual costs than homeowners, the amount of money owners need to pay on maintenance and utilities is much higher.
Western Rim’s eco-friendly programs deliver natural resources to both the residents and native wildlife of the communities they serve with lasting results. The trees can remove roughly 75 tons of carbon dioxide annually, while generating enough oxygen to sustain more than 6,000 people, notes Marcus Hiles. After growing for ten years, the trees deliver an annual reduction of 600 tons of carbon dioxide while creating oxygen for 50,000 residents.
As President-elect Donald Trump moves into power, Marcus Hiles is interested in how his extensive real estate experience will affect policy. As stated in a Nov. 10, 2016 article in Forbes by Lawrence Yun, predictions for short term economic growth from a “combination of tax cuts and government spending in the form of upgrading nation’s infrastructure and for national defense” suggest there will be a stimulus in the first half of 2017. Additionally, a moderate rise in interest rates, inspired by an accelerated GDP, will give consumers confidence and equate to an improved overall economy. If, as the article projects, the growing economy is paired with increased productivity, America can expect more jobs, increased tax revenue, a lower deficit, and manageable inflation rates. Additional good news will come if President-elect Trump elects to amend Dodd-Frank, which looks like it may happen following a Nov. 10, 2016 comment in the Wall Street Journal stating, “President-elect Donald Trump’s transition team promised to dismantle the 2010 Dodd-Frank law,” easing financial regulations and making compliance cheaper for smaller banks. Action on this issue would cause significant increases in real estate loans, improving building activity. Mr. Trump has also suggested that land use and zoning regulations might see changes to lower the cost of building, further boosting construction.
In addition to the elevated lifestyle experience Marcus Hiles Fort Worth based company gives its residents access to nearby employment opportunities and excellent school districts. Both of these are important factors for working class Texans as they elect an upscale suburban life. Corporate relocations to outlying areas of the Lone Star state’s cities have helped create jobs, with more than 400,000 being generated over the last two years in the Dallas metroplex alone. These sweeping changes have birthed career growth throughout the suburbs, with new hires benefitting from shorter and easier commutes. These same locations where Western Rim chose to establish their lavish complexes are also regarded for the exceptional quality of their public school systems; and as research has shown, better educated cities have a higher income. A quick look at the numbers comparing college graduates in population (41 percent) and Dallas (18 percent) demonstrates an average household earning $131,291 for the former and $72,625 for the latter.