U.S. has exceeded over $166 billion in capital investments in 2015. This is a ten percent increase from the earlier year. With roughly a third of the revenue coming from Texas, Dallas based real estate investor Marcus Hiles is confident that his state has not only presented the possibility for sustained long-term economic growth, but has also become principal to the successes of the American economy. As Chairman and CEO of Western Rim Properties, Hiles has studied the market for more than three decades in the attempt of making noteworthy, planned property acquisitions. Furthermore, U.S. capital investment rose $16 billion from 2014; as per a report from multinational firm Ernst & Young. Texas earned $48.3 billion in business financing and stood first in the country, and the Gulf Coast states who are expected leaders in the energy industry, attracted the highest number of investors for the fifth year in a row. Forty percent of the funds were assigned to chemical manufacturing facilities, and seventy percent of those were new, liquefied natural gas export compounds. The Lone Star State also witnessed success in the financial, technology, and professional service fields, as proven by their 38,400 mobile project jobs, the utmost in the nation.
In the past thirty years, renowned real estate developer Marcus Hiles has been making exceptional properties across Texas. His objective of creating upmarket homes combined with his enormous knowledge of design trends and high demand styles has led to his success in the real estate space. These developments have affected what is expected of room partitions, exteriors and even the possible purposes of homes themselves: exceptional inventions in architecture have led to net-zero energy buildings that combine total energy consumption with the amount of renewable energy they make. Passive and active houses provide dual energy conservation processes for lessening all heating and cooling bills. Other than this significant progress in construction processes, these changes are bringing more ease, space and brightness into today’s living spaces and reforming the way we live.
Apart from being on the record of U.S. top ten largest urban centers, there are far more things that Dallas share with Los Angeles and New York. Marcus Hiles, a property developer in Texas, reveals that the population of every aforementiond city contain more tenants than homeowners. The truth is, tenants inhabit 55.9 percent of the overall number of household in Dallas. Through the year of 2023, the number of tenants in the nation is projected to rise by 500,000 annually; this just means that tenancy is becoming a more preferred choice than house owning among U.S. citizens. The residential costs of house owners are basically higher in contrast to that of tenants. While the annual home payments may be lower than the yearly rent cost, the rental living still dominates the comparison for the mere fact that homeowning is encumbered by upkeep costs and greater utility bills.
At first glimpse, Dallas doesn’t seem to have many communities with New York and Los Angeles beyond regard among the ten thriving cities in the U.S. Yet, notes Texas real estate developer Marcus Hiles, “When you dig a little deeper, it turns out that all three locales have more renters than homeowners.” In fact, 55.9 percent of Dallas households settle in rental housing. Across the country, Americans are increasingly going for tenancy over home ownership, with the total of renters promised to grow by at least a half million each year through 2023. In reverse to common wisdom, homeowners’ housing expenditures far exceed that paid by renters. While the annual charge of rent may outdo total house obligations for the year, buyers are fixated with maintenance repairs and greater utility payments — making the rental lifestyle even more favorable.
One of the main ideologies of Marcus Hiles, a distinguished Texas real estate developer, is nature preservation. For this man, it is a duty to build locales that are brimming with nature and help decrease world’s carbon footprint. Hiles’ care for the environment as the boss of Western Rim Property Services is mirrored to more than 15,000 posh rental apartments and townhomes situated in the Lone Star State. One of his building policies that aim on the wellbeing of the environment is setting up appliances that come with an ENERGY STAR label given by the U.S. Environmental Protection Agency. Since the 1992 commencement of this program called ENERGY STAR, its application in the U.S. has caused the decrease of 283.2 million metric tons in carbon dioxide discharges. Roughly 50% has been decreased in the yearly utility bills of the average Texas residents, which are $400 for natural gas and $1650 for electricity usage.
For Western Rim Property Services Chairman and CEO Marcus Hiles, contemporary design and sustainable housing are of mutual importance. The pioneering real estate developer has singlehandedly altered the real estate market in Texas with his invention of luxury apartments and townhomes maintaining the highest environmental standards. His upscale rentals integrate seamlessly into the natural landscape, utilizing eco-friendly building practices and containing modern, energy-efficient amenities, making Western Rim’ elegance eco-friendly.
The market for lavish living is more significant in Texas. As mentioned by Chairman and CEO of Western Rim Property Services Marcus Hiles, upscale rental properties constructed in the Lone Star State are highest in number, paving the way for renters towards a lavish way of life. “Singles, families, empty nesters, and retirees seem to be satisfied by renting,” he says. “The annual growth in the number of renters across the U.S. is expected to be 500,000 through 2023.”