As rental demand advances to record levels, Marcus Hiles, real estate developer and CEO of Western Rim Property Services, continues to invest in the Dallas, Houston, Austin, and San Antonio housing markets. Recently, market research released by real estate investment firm HomeUnion, analyzed the most expensive markets across the U.S for single-family rental (SFR). Dallas is home to the second highest SFR rent growth in the nation with an average increase of 5.6% year-over-year. Both Austin and San Antonio also made the list, at 2.8% and 2.4% increases, respectively.
As of December 17th, 2016, the Lone Star State has added 210,800 new jobs, largely due to a rise in oil prices and the resurgence of the energy sector. Marcus Hiles, the dynamic CEO of Fort Worth real estate development firm Western Rim Property Services and, with over 10,000 properties in his portfolio and an additional 5,000 under construction, one of the state’s leading job generators, recently spoke out on the rapid growth of the Texas economy, and how the state has returned as the nation’s leader of business, hospitality, and most notably, energy.
One of the most prominent business leaders in Texas is using his status to take a stand for disadvantaged children. Marcus Hiles, Western Rim Property Services’ CEO, strongly advocates for every student to receive the highest quality education, regardless of the family’s socioeconomic status. Putting his words into action, Hiles purchased over 3,000 backpacks, complete with binders, pencils, note cards and other school supplies, which he personally donated to kids in need throughout the Dallas/Forth Worth area.