With an unprecedented jump in the number of corporate relocations to Dallas, and rising numbers in both employment and the next generation of homeowners, costs in the city’s housing market are rising to new heights. Marcus Hiles Dallas news frequenter and expert real estate investor expected many of the recent changes as they happened, from the wave of multi-million dollar skyscraper acquisitions in the urban core to a shortage of homes for sale throughout the region. As one of Texas’s most prominent community developers for three decades running, Hiles’ wealth of experience has given him a thorough understanding of the current trends. With diverse interests driving up prices, he discusses the most important factors impacting the future of the area.
Prominent Dallas-based real estate developer Marcus Hiles has delivered luxury living to thousands of Texans with rental apartment homes featuring modern design and state-of-the-art appliances. While he is known for providing residents with affordable yet upscale conveniences, he also presents revolutionary amenities which elevate daily life and lower monthly expenses in an eco-friendly way. While there are many simple ways people can follow to reduce their utility bills (such as unplugging idle electrical devices and using less water by turning sink valves half-way off), Hiles offers something even better and more effective: the convenient, upgraded features that come standard in each residence built by Western Rim Property Services, which make saving money effortless.
Marcus Hiles, CEO and Chairman of Western Rim Property Services, has contributed a substantial amount to programs for disadvantaged women in the state of Texas. Hiles understands the importance of providing women with the education and training they need to gain employment and support themselves.
Architectural trends have extended to hot outside designs which boast low maintenance but high style. Western Rim’s Marcus Hiles has watched first-hand as the demand rise for open-air spaces that are sustainable and reduce costs has steadily risen. Eco-friendly, conservation-minded choices such as rainwater and graywater harvesting systems and permeable pavement are becoming more common throughout the country. Utilizing a rooftop collection system, rainwater harvesting redirects raid from gutters to storage in a well to be treated and repurposed on-site. Graywater takes prior-used wastewater from the home and recirculates it to rest rooms and non-drinking purposes, lessening the need for fresh water and lowering the amount of sterilization. Another popular idea for environmentally minded construction is permeable paving, a process that actually dates back thousands of years to the point when people first made roads by putting stones in beds over the ground. The practice allows the rain to pass through small openings between four layers of filtration (paving material, gravel, fabric, sand) before becoming absorbed by the earth below. The benefits include lowering runoff-based pollution, controlling the flow of storm water to gutters and drains, refilling local groundwater supplies and providing a skid-resistant surface for sidewalks, patios and driveways; with the many attractive patterns often feature crushed stone, brick, and recycled concrete.
Marcus Hiles reassures people looking to buy or rent to that properties with amenities such as a central air conditioners with a seasonal energy efficiency ratio (SEER) of 16 or higher is beneficial. Although the Department of Energy has made It mandatory for the current air conditioners to have at least a 13 to 14 SEER rating, the higher the number, the better. “Compared to a 15-year-old home or apartment with a 10 SEER unit, this will cut your air conditioning bill by 60 percent,” he notes. Hiles and Western Rim Properties, are committed to air conditioner efficiency, providing more than $424,000 in energy savings to community members annually. “In five years, they’ll have collectively saved over $6 million,” he marvels. “Plus, over the next decade, we’ll lesson carbon dioxide emissions by 327,000 tons.”
Marcus Hiles implements his expertise in analyzing the consequence that various building features and materials have on energy loss when planning and building. He utilizes window placement strategies that leverage a housing development’s course and materials — and take into consideration fluctuating Texas temperatures — to prevent heat gain in the summer and promote heat retention in the winter. Through the installation of windows with the proper solar coefficient, frames that prevent air leakage, and shading devices, the loss of a home’s heated air and cooled air is lowered. This resorts in fewer carbon emissions and greater cost savings. In order to minimize the transfer of heat from the sun through the roof and into air ducts, Hiles composes the power of radiant roof panels to bounce summer heat away from the home, thus lowering cooling costs by five to ten percent. He produces advanced value by installing air conditioning systems that have a seasonal energy efficiency ratio (SEER) that exceeds governmentrulings. This results in more reductions in carbon and generates over $420,000 in energy savings for those living in Western Rim Property Services communities.
The 21st century offers many modern luxuries, one of the most valuable being a sense of privacy. The desirable rental homes, townhomes, and apartments developed by Marcus Hiles and Western Rim Property Services offer residents enjoy the solace of a quiet living environment. Among the multitude of high-end conveniences offered within the Hiles communities, one particular amenity cannot be seen out in the open despite its effects being unmistakable: the serenity of a home treated with full depth cellulose sound insulation.
“Our tenants appreciate the exclusivity that the Estates brand provides as well as the flexibility that goes hand in hand with renting,” Marcus Hiles says of his Estates brand. “Our mission is to continue to deliver luxurious retreats that our residents can call home.” Estates communities are always gated and feature urban-style all-elevator access to every unit and luxe outdoor and community spaces. Each complex has a resort-style swimming pool and tanning deck, on-site concierge service, and a high-tech fitness center and trainer. The brand’s richly appointed apartments and townhomes also showcase with resort-style amenities, beckoning a wide range of Millennials, young families, empty nesters, and retirees who are choosing a long-term rental lifestyle over home ownership.
The city of Dallas, TX, has become the center of macroeconomic growth and new opportunities on the last year according to recent studies on the new rental properties department, this studies also show an increasing number of individuals from all across the country that are encountering financial freedom, peace of mind and joy through a luxurious way of life they get by renting their homes. Marcus Hiles has stated that this numbers are expected to grow every single year till the beginning of the next decade.
After successfully planting 30,000 trees over the past ten years, Marcus Hiles announced that his company is continuing its goal of planting 2,500 trees per year across Texas’ communities and parklands. “We have seen firsthand the impact our efforts have had, both aesthetically and environmentally,” the expert real estate investor said, “These initiatives are just the beginning.” By increasing the tree canopy in all of Western Rim Property Services’ developments and creating municipal parks, jogging trails and reserves, Hiles believes the ecosystem will benefit for decades to come.
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