Marcus Hiles Fort Worth investor and developer specializes in creating upscale communities boasting the excitement of stylish city living with all the conveniences of the suburbs. The luxury rentals of his company Western Rim Properties have a reputation for unmatched elegance, as the signature residences of the Estates, Towers and Mansions brands offer renters the superior quality of a hotel resort-style experience. Though some young professionals and families are drawn to the upbeat atmosphere of Texas’s urban zones, Hiles sees the trend moving outward away from city centers. He believes that the dilemma of deciding to live in the thick of a metropolitan area or in the expanse of a suburban one can be a simple choice when weighing many factors including cost, employment and quality of life. And while it may be impossible to counter the cultural diversity and nightlife and art options of many cities, the lavish high-end amenities of suburban developments are tempting, especially knowing that downtown remains just a short drive away.
One of the most important aspects influencing renters in their decision is price. Marcus Hiles’ Fort Worth company designs their properties with value in mind, by establishing the finest housing in the best locations at the lowest possible cost. The monthly rent of apartments with comparable amenities in a location such as uptown Dallas are often more than twice as much per square foot than those in the Plano or Frisco suburbs—only thirty minutes north by car. Further affecting the choice of where to live is career opportunities and income: the employment rate found in more residential Collin County and parts of Dallas County is several times more than the number in the City of Dallas. Additionally, incomes measured on a per capital basis tend 30-50 percent higher in the northern suburbs of Dallas than in the city itself; Hiles reminds those planning their budgets that having more to spend coupled with lower monthly overhead committed to rent produces a larger amount of discretionary income.
Marcus Hiles Fort Worth Real Estate Investor Discusses The Dilemma of Big City vs. Suburban Living
Other important elements that may sway renters in picking their next destination can be linked to health. Marcus Hiles’ Fort Worth based company offers many fitness-related conveniences as standard in all of their properties; many would be hard pressed to find similar comforts provided with inner-city units. Residents of Western Rim’s townhomes and apartments find it easy to stay in shape and live healthier lives. They enjoy 24-hour fitness centers featuring state-of-the-art equipment, Olympic-sized pools with adjacent cabanas and saunas. Hiles’ communities also feature the type of green spaces that are rare in urban settings, including professional golf courses, walking trails, playgrounds, dog runs, and proliferation of recently planted shade trees that contribute to better air quality. Further still, a person living downtown Dallas has to embark on a daily search for a parking spot, unlike a resident at one of Hiles’ suburban neighborhoods, which boast dedicated, private garages and parking spots.
Real estate developer, investor, and philanthropist Marcus Hiles founded Western Rim Properties after recognizing the unmet demand for upmarket accommodations in Texas. Today, his companies manage more than 15,000 luxury residential rentals across Dallas-Fort Worth, Austin, Houston and San Antonio. While planning and building contemporary residential communities, Hiles has personally contributed over 59 acres of parkland to public use in order to preserve wildlife habitats and help protect the environment. A graduate of Pepperdine and Rice Universities, he is also deeply committed to education and has donated over $2.5 million to public and private K-12 initiatives, after school programs, and university career services and job placement programs.