The United States exceeded $166 billion in capital investments during 2015, an increase of ten percent from the year before. Nearly a third of the proceeds came from the state of Texas, where Dallas based real estate investor Marcus Hiles believes they have not only displayed the potential for sustained long-term economic growth, but have also become vital to the success of the American economy. Hiles, the Chairman and CEO of Western Rim Properties, has spent over three decades studying market tendencies in order to make profitable, strategic property acquisitions.
Month: November 2016
Architectural trends are extending outside the home, with a desire for low maintenance and high style incoporated into the design at peak levels. Marcus Hiles has seen the demand for sustainable, cost-reducing open-air spaces rise in recent years. Rainwater/graywater harvesting and permeable pavement are popular systems being put into place at increasing levels. Utilizing a rooftop collection system, rainwater harvesting redirects moisture that falls onto the roof to a well, where it is then treated and repurposed on-site. Graywater repurposes previously used domestic wastewater to toilets and other non-drinking purposes, lessening the need for fresh water and sterilization. Another seemingly new idea for environmentally minded construction, permeable paving, actually originated thousands of years ago when people first made roads by putting stones in beds over the ground. The design allows the rain to pass through small openings between four layers of filtration (paving material, gravel, fabric, sand) and then be absorbed by the earth below. Benefits include lowering runoff and pollution, controlling the flow of storm water to gutters and drains, maintaining local groundwater supplies, and providing a skid resistant surface for walkways, patios and driveways. Many attractive permeable pavement patterns often incorporate crushed stone, brick, and recycled concrete.
Water, particularly heated water, remains a significant source of emissions in most first-world countries, with over ten gallons used per person per day. Taking shorter showers with slightly cooler water, fewer baths, and turning off the sink faucet when brushing or shaving can make a significant difference in an individual’s water consumption. Marcus Hiles notes that by installing low flow showerheads and toilets, a serious impact can be made.
Environmental conservation is central to the ideology of prominent Texas real estate developer Marcus Hiles. “Creating communities that work in harmony with nature and lessen humanity’s carbon footprint is a responsibility I embrace,” he notes. Chairman and CEO of Western Rim Property Services, Marcus Hiles has translated his principle into action in over 15,000 high class rental townhomes and apartments in the Lone Star State. One foundation of his eco-friendly building practices is installing appliances sorted by the U.S. Environmental Protection Agency as ENERGY STAR. Since the program’s inauguration in 1992, Americans’ ENERGY STAR usage has scaled down carbon dioxide emissions by 283.2 million metric tons. With the average Texan paying $1,650 per year in electrical bills and another $400 annually for natural gas, energy efficient appliances mean utility savings of up to 50 percent.