The U.S. exceeded $166 billion in capital investments throughout 2015, a ten percent increase over the year before. Nearly a third of the proceeds came from Texas, and Dallas based real estate investor Marcus Hiles believes his state has not only displayed the potential for sustained long-term economic growth, but that it has become vital to the success of the country’s economy. As Chairman and CEO of Western Rim Properties, Hiles has spent over three decades observing market tendencies in order to make profitable, strategic property acquisitions.
Architectural trends have extended to modern outdoor designs that feature low maintenance without sacrificing style. Marcus Hiles has seen the desire for open-air spaces rise, as renters want areas that are both sustainable and financially viable. Conservation-minded options such as rainwater and graywater harvesting systems and permeable pavement are gaining traction. Via a rooftop collection system, rainwater harvesting funnels moisture falling from the air into a well, to then be treated and repurposed on-site. Graywater takes previously used household wastewater and recirculates it for rest rooms and other non-drinking purposes, greatly reducing the need for fresh water and lowering the amount of sterilization used. Permeable paving is a seemingly novel idea for sustainable construction, but actually dates back thousands of years to when people first developed roads by putting stones in beds over the ground. The design allows the rain to pass through small openings in between four layers of filtration (paving material, gravel, fabric, and sand) prior to being absorbed by the land below. This reduces runoff and pollution, manages the flow of storm water to gutters and drains, and provides local groundwater supplies and a skid-resistant surface for walkways, patios and driveways. Many attractive patterns for permeable pavement use crushed stone, brick, and recycled concrete.
Marcus Hiles is aware that water, especially heated water, is a significant source of carbon emissions in most first-world countries, with each person using over ten gallons per day. Taking shorter, cooler showers, minimizing baths, and turning off the faucet when brushing and shaving are a few simple ways to cut water consumption. By installing low flow showerheads and toilets, residents can make a serious impact.
Environmental stewardship is foundation to the principle of renowned Texas real estate creator Marcus Hiles. “Creating communities that work in harmony with nature and lessen humanity’s carbon footprint is a responsibility I embrace,” he notes. Hiles, who is Chairman and CEO of Western Rim Property Services, has transformed his philosophy into action in over 15,000 classy rental townhomes and apartments in the Lone Star State. One key element of his eco-friendly building endeavor is insttalling appliances tagged by the U.S. Environmental Protection Agency as ENERGY STAR. Since the program’s founding in 1992, Americans’ ENERGY STAR usage has diminished 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 yields of up to 50 percent.