Monday, September 19, 2016

Marcus Hiles Net Worth

Marcus Hiles Property Showcase

The net worth of Marcus Hiles can be measured in the billions of dollars.  As a prominent real estate developer and investor in the state of Texas, Marcus has grown from humble origins to become one of the dominant players in the industry, developing thousands of properties across the state.  His focus is on the high end of both the rental and residential segments, leading his two development firms with care and with unrivaled success over the past thirty years.

Net worth can be defined as the assets held by a company or individual minus the debts or other financial liabilities one holds. Consistent growth in net worth signals healthy financial footing, while a decreasing net worth may indicate poor management or ambitious growth that has depleted value of the company or individual. In Marcus’ case, his net worth has grown dramatically since he first established his Western Rim Property Services company in 1990. He founded the company soon after completing his MBA program when he learned that the North Texas region faced overwhelming demand for upscale rental properties.  Availability of such properties was not sufficient to meet this demand, so he began in earnest to develop a solution.

Western Rim concentrates on the rental market, and its formula for success has been nothing short of revolutionary. First, the company identifies prime land in desirable areas of Texas cities like Dallas, Houston, Plano, San Antonio, and Austin.  Then, development begins, creating properties that complement the natural environment while providing affordable luxury accommodations for residents. The key to the company’s success is twofold:  first, the emphasis on outstanding customer care helps residents understand that their living conditions are well cared for.  Second, Western Rim targets affordability, charging as little as half the lease rate as similar properties in the state.

Residents can therefore expect tremendous value for their money.  Including luxury touches like hardwood floors, top of the line appliances, and amenities like walking and cycling trails, pools, and spas have made the properties popular with residents. The company goes to great lengths to provide a high quality of life in the developments, even going as far as planting thousands of trees every year as a sign of Western Rim’s commitment to environmental stewardship.  The properties are located in urban centers of the cities in Texas, yet they have relaxed, quiet feel and encourage neighbors to build community.  This differs from many other such rental developments in Texas and has helped Western Rim stand out as a leader in the industry.

After 30 years of development, the company is now responsible for over 25,000 rental units consisting of apartments, townhouses, condominiums, and multi-family homes, either fully constructed or in the final stages of the property development process.  In property holdings alone, the Western Rim company has a net worth in the hundreds of millions of dollars.  The company will continue to provide young business professionals and their families with upscale living at affordable prices.

Property ventures are the bread and butter for Mr. Hiles.  As the leader of two prominent development firms in Texas, he has been able to identify trends in the market and has moved to capitalize on them.  His successes have built him a small real estate empire and afforded him the ability to help support others as they reach for success on their own.  He contributes millions of dollars and much of his own personal time to charitable organizations across the United States and has funded a number of educational and career development programs for underserved young people. 

Thursday, September 15, 2016

What constitutes net worth?

The net worth of Marcus Hiles can be measured in the billions of dollars.  As a prominent real estate developer and investor in the state of Texas, Marcus has grown from humble origins to become one of the dominant players in the industry, developing thousands of properties across the state.  His focus is on the high end of both the rental and residential segments, leading his two development firms with care and with unrivaled success over the past thirty years.
Net worth can be defined as the assets held by a company or individual minus the debts or other financial liabilities one holds. Consistent growth in net worth signals healthy financial footing, while a decreasing net worth may indicate poor management or ambitious growth that has depleted value of the company or individual. In Marcus’ case, his net worth has grown dramatically since he first established his Western Rim Property Services company in 1990. He founded the company soon after completing his MBA program when he learned that the North Texas region faced overwhelming demand for upscale rental properties.  Availability of such properties was not sufficient to meet this demand, so he began in earnest to develop a solution.
Western Rim concentrates on the rental market, and its formula for success has been nothing short of revolutionary. First, the company identifies prime land in desirable areas of Texas cities like Dallas, Houston, Plano, San Antonio, and Austin.  Then, development begins, creating properties that complement the natural environment while providing affordable luxury accommodations for residents. The key to the company’s success is twofold:  first, the emphasis on outstanding customer care helps residents understand that their living conditions are well cared for.  Second, Western Rim targets affordability, charging as little as half the lease rate as similar properties in the state.  Residents can therefore expect tremendous value for their money.  Including luxury touches like hardwood floors, top of the line appliances, and amenities like walking and cycling trails, pools, and spas have made the properties popular with residents. The company goes to great lengths to provide a high quality of life in the developments, even going as far as planting thousands of trees every year as a sign of Western Rim’s commitment to environmental stewardship.  The properties are located in urban centers of the cities in Texas, yet they have relaxed, quiet feel and encourage neighbors to build community.  This differs from many other such rental developments in Texas and has helped Western Rim stand out as a leader in the industry.
After 30 years of development, the company is now responsible for over 25,000 rental units consisting of apartments, townhouses, condominiums, and multi-family homes, either fully constructed or in the final stages of the property development process.  In property holdings alone, the Western Rim company has a net worth in the hundreds of millions of dollars.  The company will continue to provide young business professionals and their families with upscale living at affordable prices.
Property ventures are the bread and butter for Hiles.  As the leader of two prominent development firms in Texas, he has been able to identify trends in the market and has moved to capitalize on them.  His successes have built him a small real estate empire and afforded him the ability to help support others as they reach for success on their own. He contributes millions of dollars and much of his own personal time to charitable organizations across the United States and has funded a number of educational and career development programs for undeserved young people. 

Friday, August 5, 2016

What created the emergence of the housing market today?

Marcus Hiles established the growth of his empire during the 90s which was the beginning of an emerging housing market. His company was destined to succeed from the get go due to the perfect timing of the venture. The initial objective of the company was respond to the real estate demand of the growing population. After several decades since its starting point, the company bloomed into a successful entity. To learn more about this featured editorial, visit here.